Featured

Updates on offshore drilling activity may trigger expectations of new oil discoveries, but in practice, each well serves a different purpose, and not all lead to commercial production. In Guyana’s Stabroek Block, where ExxonMobil and its co-venturers continue an active...

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other crude grades in the country so far this year, maintaining a cents-per-barrel lead, according to data from the Ministry of...

Officials at Caribbean Energy Week have stressed the need for skilled labor to sustain offshore development as a priority. Speaking on a panel in Paramaribo last Tuesday, Andrew Hepburn, Shell’s Country Chair for Suriname and São Tomé and Príncipe, said...

Grenada is preparing to invite bids for offshore exploration licenses by the fourth quarter of 2026, as it positions itself for entry into the upstream hydrocarbons sector. “Grenada is open for business and working toward awarding licenses in fourth quarter...

Guyana continues to face a shortage of engineers even as the University of Guyana (UG) expands enrollment and infrastructure to meet growing demand from the oil and gas sector. In an exclusive interview with OilNOW on March 31, outgoing Vice...

Afreximbank is positioning itself as a direct financing partner for Surinamese companies seeking to compete for oil and gas contracts, Acting Regional Chief Operating Officer for the Caribbean, Okechukwu Ihejirika, told OilNOW at Caribbean Energy Week in Paramaribo. He pointed...

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana — a find that reshaped the country’s future. Since then, the Stabroek Block alone has delivered more than 30 discoveries, placing...

ExxonMobil Guyana Limited will continue developmental drilling at the Hammerhead project’s HH_1101 drill center offshore Guyana, according to Guyana’s Maritime Administration Department.  The notice stated that the work is being carried out within the Stabroek Block in Guyana’s Exclusive Economic...

Guyana’s high-quality crude is helping sustain ongoing talks for a US$300 million refinery project, even as negotiations continue without a final agreement. Speaking during a March 29 interview on the Sources program, Nicole Theriot, United States Ambassador to Guyana, said...

Staatsolie’s open-door offering allows companies to choose contract types, define acreage, and design work programs, giving operators more control over how they enter and explore offshore blocks. Speaking on the sidelines of Caribbean Energy Week, Offshore Exploration Manager Sharista Kisoensingh...