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Exxon’s Hammerhead-4 well is first in the world to use SLB’s new cutting-edge advanced drilling technique

OilNOW -
ExxonMobil Guyana and SLB have achieved a global industry first with the Hammerhead-4 appraisal well. According to ExxonMobil Guyana’s 2024 Annual Report, the well was the first in the world to use SLB’s Ora reservoir fluid sampling tool to successfully...
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Shell approves Aphrodite Gas Project in Trinidad and Tobago

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Shell Trinidad and Tobago Ltd. has taken a Final Investment Decision (FID) on the Aphrodite gas project in the East Coast Marine Area (ECMA). In a statement today, the company said the project will expand its integrated gas business by...
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ExxonMobil injects GY$170 billion into Guyana’s economy in 2024 – Routledge

OilNOW -
ExxonMobil Guyana and its partners spent over GY$170 billion with local businesses in 2024, according to company President Alistair Routledge. This forms part of a decade-long investment exceeding GY$525 billion with more than 2,000 Guyanese suppliers. “Their participation shows the...
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ExxonMobil’s Guyana profit jumps 62% to $4.7 billion in 2024

Kemol King -
ExxonMobil Guyana Limited (EMGL) reported a profit of US$4.73 billion in 2024, up from US$2.92 billion in 2023. This was revealed today during the company’s report on last year's earnings, at its Duke Street office in Georgetown. This 62% jump...
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Is Guyana facing the Dutch Disease? The reality behind the oil boom

OilNOW -
In an article republished on May 29, The Economist described Guyana as “about to become one of the most extreme cases” of the resource curse, referencing the rapid influx of oil revenue. But is that truly the case on...
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‘Practically overnight’: Guyana’s oil boom becomes a global success story

OilNOW -
ExxonMobil says Guyana has become one of the world’s most incredible economic and geopolitical success stories “practically overnight.” According to recent commentary by Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, the timeline from discovery to first...
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President signs Guyana’s Oil Spill Bill into law

OilNOW -
Guyana’s President Irfaan Ali has enacted a comprehensive oil spill law which sets out a national framework for oil spill prevention and response and holds companies liable for the full cost of restoration and damages. The government published the Oil...
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TotalEnergies files plans for offshore surveys in Suriname

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TotalEnergies Suriname has submitted draft environmental impact statements to Suriname’s National Institute for Environment and Development (NIMOS) for offshore oil exploration. The company plans to conduct geophysical surveys in shallow water Blocks 6 and 8, located 90 km offshore in...
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Atlas Professionals gears up Surinamese talent for GranMorgu offshore project

OilNOW -
As Suriname prepares for the large-scale GranMorgu offshore project, Atlas Professionals has launched a focused initiative to train and certify local talent for offshore roles, the company announced this week.  The “Greenhands Offshore” program is designed to identify and equip...
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ExxonMobil eyes US$30B in low-emission projects as Guyana sets example in cleaner oil production

OilNOW -
ExxonMobil plans to invest up to US$30 billion in low-emission initiatives from 2025 to 2030. Nearly 65% of that spending targets emissions reductions for third-party customers. The investments depend on supportive policies, regulations, and continued advances in technology and markets,...
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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...

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