News

Exxon adopts new technologies for Whiptail FPSO to meet GHG goals

U.S. oil major ExxonMobil says it has implemented innovative technologies for the Jaguar floating production storage and offloading vessel (FPSO) which will support its Whiptail development in Guyana. The FPSO is being built by Dutch floater specialist, SBM Offshore. The...

Driller with most rigs off Guyana’s coast gets contract extension from ExxonMobil 

ExxonMobil has awarded Noble Corporation an additional 4.8 rig years of backlog under the Commercial Enabling Agreement (CEA) in Guyana, the drilling expert said on Sept. 4 in its fleet report.  This extends the contracts of four Noble drillships—Noble Tom...

Staatsolie targeting offshore bid round every year – Managing Director 

Suriname’s state oil company Staatsolie plans to host an auction for every year until all of its offshore acreage is under contract.  Its Managing Director, Annand Jagesar, disclosed this to OilNOW in an exclusive interview at its headquarters in Suriname’s...

Exxon appraising Hammerhead discovery targeted for seventh development

The Stena Carron has commenced appraisal drilling at the Hammerhead-4 well at the Stabroek Block offshore Guyana. This is according to the country's Maritime Administration Department.  Drilling activities are expected to conclude at the end of October. Exxon announced a...

South American ‘model oil producer’ launches fourth edition of flagship conference

The Guyana Energy Conference and Supply Chain Expo officially launched the fourth edition of the country’s flagship event, set to be held February 18-21, 2025 at the Marriott Hotel in Georgetown.  Themed ‘Connecting the Dots: Integrating the Future, 82 companies...

T&T gov’t says gas output back up after maintenance works by major producers

Trinidad and Tobago’s natural gas production has rebounded following maintenance activities by three major producers, the Ministry of Energy and Energy Industries (MEEI) said in a September 2 release.  This follows an OilNOW report that output in June was 1.96...

Exxon’s FPSOs in Guyana no ‘cookie-cutter’ replicas, just cutting-edge innovation – VP of Deepwater Project Delivery 

ExxonMobil is pushing the boundaries of offshore exploration in Guyana, leveraging cutting-edge technology to optimize its floating production storage and offloading (FPSO) units. As one of the newer offshore frontier regions, Guyana has become a focal point for Exxon,...

Greater Guyana Initiative drives economic growth and gender inclusion in energy sector – Exxon Advisor 

Alicia Bess Anderson, Advisor for ExxonMobil Guyana, highlighted the profound impact of the Greater Guyana Initiative (GGI) during a recent episode of the Energy Perspectives Podcast. This initiative, a collaboration between Stabroek Block co-venturers Exxon, Hess and CNOOC, aims...

Unmet expectations about jobs could impact support for Suriname’s first deepwater development – ESIA

With TotalEnergies starting the groundwork for Suriname’s first offshore oil development, the company in its environmental and social impact assessment (ESIA) underscored the importance of the country being realistic with its local content targets.  “Unmet expectations about employment opportunities may...

Guyana visitor arrivals to set new record this year; up 10% from 2023

Guyana is on track to break another annual record, with visitor arrivals projected to reach 350,000 by the end of 2024. This would represent a 10% increase from the 319,056 visitors recorded in 2023. The government’s 2024 Mid-Year report said...

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Guyana Business Chamber urges halt to Corentyne Bridge talks over Suriname waterway fees

The Georgetown Chamber of Commerce and Industry (GCCI) on April 3, 2026 called on the Government of Guyana to...