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Guyana to issue four offshore blocks from 2023 auction in October – Bharrat

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Guyana will issue four production sharing agreements (PSAs) in October under its first offshore licensing round, Natural Resources Minister Vickram Bharrat said on Sunday. Speaking on the Starting Point podcast, Bharrat said, “About four of those PSAs will be signed...
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Exxon’s Hammerhead licence mandates third-party audit after three years

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The Hammerhead Petroleum Production Licence requires the operator to hire an independent third-party consultant three years after first oil to conduct an external audit of resources and reserves.  According to the document, the Licence Holder must procure “an unaffiliated, independent...
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Two oil nations, one engineering crisis: Guyana short, Trinidad shrinking

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The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and Guyana; one is a long-standing oil producer, and the other is a newcomer racing to meet the demands of its...
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Hammerhead Licence mandates independent study on gas use

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The Hammerhead Petroleum Production Licence requires that, upon the Minister’s request, an independent third-party consultant be hired to conduct a Gas Utilisation Study after five years of operations.  The Licence states: “The Licence Holder shall procure an unaffiliated, independent third-party...
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Chevron’s expanding into South America’s oil hot spots

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Chevron has expanded its footprint in South America’s energy frontier, undertaking new exploration in Suriname while consolidating its prized position in Guyana’s prolific Stabroek Block. In Suriname, the U.S. supermajor will spud the Korikori-1 exploration well in October. The well...
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S&P sees limited growth prospects as Trinidad and Tobago faces energy decline, diversification hurdles

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S&P Global Ratings has warned that Trinidad and Tobago’s economy will remain constrained by stagnant oil and gas production and limited success in diversification, even as it affirmed the country’s “BBB- sovereign credit rating” on September 25. A BBB- sovereign...
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TechnipFMC will supply subsea system for Exxon’s Hammerhead project 

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TechnipFMC said it has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block. Exxon announced that it had made a final investment decision (FID) for the project...
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Saipem greenlit to execute US$500M Hammerhead offshore project in Guyana

OilNOW -
Saipem announced today that it has received full authorization from ExxonMobil Guyana Limited to proceed with the execution of the Hammerhead offshore project in the Stabroek Block.  The Milan-based company said the engineering, procurement, construction and installation (EPCI) contract is...
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Exxon can’t promise another Guyana: Ardill on Trinidad deepwater plans

OilNOW -
ExxonMobil is setting measured expectations for its newly awarded ultra-deepwater acreage in Trinidad and Tobago, even as it prepares to launch a seismic campaign in 2026. John Ardill, ExxonMobil’s Vice President of Exploration, said this week on LinkedIn: “While we...
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Key capacity-building firm stands ready to support further enhancement of safety in Guyana

OilNOW -
While Guyana’s Occupational Health and Safety Act provides a strong foundation, more specific regulations will further help to protect workers, according to Paul Cribby, Guyana Program Manager at LearnCorp International (LCI). Speaking in a September 23 interview with OilNOW about...
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TotalEnergies launches EnergyJobs.sr to connect Surinamese talent with growing oil and gas opportunities

PARAMARIBO, SURINAME – TotalEnergies Suriname officially launched the EnergyJobs.sr platform on Thursday at the Assuria Event Center in Paramaribo,...

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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