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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

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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

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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

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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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ExxonMobil: Guyana’s seventh project sets ‘new standard’ in just a decade

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ExxonMobil is framing Guyana’s oil success as a benchmark for speed and scale, with Dan Ammann, President of its Upstream Company, praising the country’s advancement of its seventh offshore project just ten years after the first discovery. “We continue to...
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Oil and Gas Minister Brunings: Local content key to Suriname’s oil and gas future

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PARAMARIBO, SURINAME – Stakeholders from across Suriname’s oil and gas sector gathered on September 24 at the Assuria Event Center for a masterclass, 'Navigating the Local Content Regulations for Oil and Gas in Suriname'. The event, organized by Shyamnarain Associates...
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Project FLOW launches to provide clean water access for more than 58,000 students in Guyana 

The Greater Guyana Initiative (GGI), in collaboration with the Ministry of Education and Recover Guyana, officially launched its Signature...

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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