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Exxon’s supplier partnerships yielding game-changing cost savings in Guyana, says Hess boss

OilNOW -
ExxonMobil, one of the world’s largest publicly traded oil and gas companies, and operator of the Stabroek Block in Guyana, has been aggressively pushing back on cost pressures for its projects offshore the South American country. Bringing this to...
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Exxon submits Cumulative Impact Assessment for 12-well drill campaign in Guyana’s Canje Block

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ExxonMobil Guyana has submitted to the Environmental Protection Agency (EPA), the Cumulative Impact Assessment (CIA) and Environmental Impact Statement (EIS) for its 12-well exploration and appraisal drilling campaign in the Canje Block.  A public notice outlined that “In accordance with...
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Hess still bullish on unlocking financial upside for shareholders in Suriname, Gulf of Mexico

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Though producing assets in Guyana and the USA hold the top positions in Hess Corporation’s portfolio, the company still has its sights set on other exploration opportunities in Suriname and the Gulf of Mexico. This much was noted by...
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Petrobras ventures into carbon market, commits to net zero emissions by 2050

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Petrobras, Brazil's state-owned oil giant, has ventured into the voluntary carbon market, marking its first-ever purchase of carbon credits.   The acquired carbon offsets originate from the Envira Amazonia project, dedicated to the preservation of the Amazon rainforest in Acre's western...
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Guyana instrumental in Europe’s reduced dependency on Russian oil

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In recent times, Guyana's emergence as a deepwater oil producer is proving pivotal in helping reduce Europe's reliance on Russian oil. This surge in Guyana's production has been significantly influenced by the strategic investments of ExxonMobil in the country.  In...
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Guyana gets US$166 million from sale of two lifts of profit oil 

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Guyana received payments from the sale of two profit oil lifts in August 2023, amounting to GY$34.66 billion (approximately US$166 million).  A Bank of Guyana report for the financial position of the Fund on August 31, 2023 did not disaggregate...
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Guyana’s oil sector grew 98.4% in H1, 2023

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Guyana's oil and gas industry witnessed an explosive growth rate of 98.4% in the first half of 2023, President Dr. Mohamed Irfaan Ali announced on September 9. This boost in the energy sector became the main driver behind the...
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Exxon back as sponsor for Guyana Amazon Warriors in CPL 2023

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The Caribbean Premier League (CPL) season is back and ExxonMobil is once again throwing its full support behind the Guyana Amazon Warriors (GAW) in their bid for the coveted title and trophy.  Exxon is expected to launch its sponsorship on...
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Hess targetting almost US$8 billion in annual earnings powered by Guyana’s mega oil-projects

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With multiple phases of developments coming online in Guyana's Stabroek Block and a robust inventory of high-return drilling locations in the US Bakken, Hess Corporation says it is projected to rake in almost US$8 billion in annual earnings by...
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Guyana’s 2023 oil fund withdrawals now up to US$600 million

OilNOW -
Guyana’s Ministry of Finance has announced the third and fourth drawdowns from the Natural Resource Fund (NRF) for the year 2023. As per the official press release from the Ministry of Finance, a total of US$200 million has been...
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UPDATED: A guide to Guyana’s Gas-to-Energy project

Editor's note: This article was updated on November 25, 2025. It was first published on December 29, 2024. The...

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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