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Noble Tom Madden continues development drilling at Uaru

OilNOW -
ExxonMobil Guyana Limited (EMGL) continued developmental drilling at the UA_4i02 Drill Center, part of the Uaru project in the Stabroek Block.  The campaign, underway since September 21, is being executed by the Noble Tom Madden drillship and is scheduled to...
News

ExxonMobil sanctions 7th Guyana project; first oil in 2029

OilNOW -
ExxonMobil has made a final investment decision (FID) for the development of the Hammerhead discovery offshore Guyana, its seventh sanctioned project in the Stabroek Block, targeting first oil in 2029. The news comes on the heels of the issuance of...
News

Guyana issues production license for Exxon’s US$6.8 billion Hammerhead project

OilNOW -
Guyana’s Ministry of Natural Resources announced on Monday that it has approved ExxonMobil’s Hammerhead project, a US$6.8 billion venture that will increase oil production capacity by 150,000 barrels per day (b/d). Oil from Hammerhead, discovered in the southwestern part of...
News

Exxon to conduct seismic survey offshore Trinidad in second quarter of 2026

OilNOW -
ExxonMobil has scheduled a seismic survey for the second quarter of 2026 on its newly awarded TTUD-1 block offshore Trinidad and Tobago, according to updates shared with the Ministry of Energy and Energy Industries (MEEI). The company outlined its timeline...
Opinions

Letter-to-the-Editor: Oil fuels the economy, education secures the future

OilNOW -
Dear Editor, As a law student in Guyana, I was very encouraged by President Ali’s announcement that work will soon begin on a national law school. For many of us, the dream of becoming a lawyer has often been blocked...
News

Chevron CEO hails Hess deal as 2025’s biggest U.S. merger, bets on lasting oil demand

OilNOW -
Mike Wirth, Chief Executive Officer of Chevron, defended the company’s oil-first strategy in a recent interview with the New York Times, even as the International Energy Agency (IEA) projects that global demand could peak before 2030. Wirth, who has led...
News

Over 1,300 Guyanese firms are now registered under the country’s Local Content Act

OilNOW -
More than 1,300 Guyanese companies have been approved and registered under the Local Content Act, according to Director of the Local Content Secretariat, Dr. Martin Pertab. In an interview with OilNOW, Dr. Pertab disclosed that the Secretariat has registered 1,315...
News

Guyana’s local content spend hits US$350M in six months 

OilNOW -
Guyana’s local business community continues to secure strong gains from the country’s oil and gas industry, with spending on Guyanese firms exceeding US$350 million in the first half of 2025. Dr. Martin Pertab, Director of the Local Content Secretariat, confirmed...
Opinions

Letter-to-the-Editor: More needs to be done to improve the lives of everyday Guyanese people; oil money is not trickling down 

OilNOW -
Dear Editor, During a public analysis of the situation and in recent discussions with citizens, several concerns have consistently surfaced about accountability and the quality of life in Guyana. Many people continue to struggle with accessing employment opportunities, securing fair...
News

Noble, EDO and MATPAL gear up for recruitment drive in Guyana’s Essequibo region

OilNOW -
The Noble Recruitment Drive is set to arrive in Parika in the Essequibo Islands-West Demerara region of Guyana on Sunday, bringing opportunities for locals seeking careers in the offshore industry. The event will be hosted at the Market Tarmac near the...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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