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Stabroek Block delivered 8 successful wells in 2024 – Hess

OilNOW -
ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”, Hess said. There was “one unsuccessful exploration well for which the well costs were expensed.”  This...
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Energy Chamber of TT urges gov’t to focus on gas fields in EEZ after U.S. pulls Venezuela cross-border licenses

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The Energy Chamber of Trinidad and Tobago (TT) has stated that the country must urgently pursue natural gas opportunities in its exclusive economic zone (EEZ). This comes as the United States government revoked two OFAC special licenses for the Dragon...
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Hess’ Guyana assets beat U.S. oil output second year in a row

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Hess’ Guyana net oil production in 2024 beat its U.S. output for the second time, the company said in its annual report.  Net Guyana output for Hess’ 30% stake in the Guyana Stabroek Block was 68.136 million barrels in 2024,...
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US kills licenses for Trinidad and Tobago’s cross-border gas projects with Venezuela 

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The United States government has revoked the licenses granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border gas fields. Prime Minister Stuart Young made the announcement during a press briefing at Whitehall on April 8 at 4:45 p.m.,...
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Second local catering consortium to launch this year – Local Content Head

Shikema Dey -
By mid-2025, a second local catering consortium is anticipated to launch, targeting Guyana’s oil and gas industry. Dr. Martin Pertab, Director of the Local Content Secretariat, made this announcement at the Local Content Summit. Dr. Pertab said discussions with international...
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Ali: Guyanese must invest in the country’s energy future 

Shikema Dey -
President Dr. Irfaan Ali made a strong call for Guyanese investors to directly participate in the country’s booming energy sector. Speaking at the 2025 Local Content Summit, Ali laid out a strategy centered on local ownership, risk-sharing, and new...
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Oil exports largely responsible for Guyana’s trade surplus with U.S.

OilNOW -
Guyana’s export of oil is largely responsible for the country's trade surplus with the United States. This surplus was a deciding factor in the recently announced tariffs by President Donald Trump which has resulted in the application of a...
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Petronas to launch 257-day drilling campaign offshore Suriname in June

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Petronas will begin a 257-day, three-well drilling campaign in Suriname’s offshore Block 52 in June. The program details were disclosed in documents submitted to the country’s National Institute for Environment & Development (NIMOS), according to a report in Upstream...
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Guyana power grid upgrade gains steam ahead of Gas-to-Energy startup 

OilNOW -
One of the key substations that will transmit power from Guyana’s 300-megawatt (MW) Gas-to-Energy (GtE) project is nearing completion, well ahead of the project’s full commissioning. Minister within the Ministry of Public Works, Deodat Indar, on April 3 inspected...
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U.S. sees Suriname as investment hotspot amid oil boom and economic reforms

OilNOW -
“Suriname has significant untapped potential,” U.S. Ambassador to Suriname Robert J. Faucher said in a recent interview, emphasizing investment as a key area of engagement between the U.S. and Suriname. He highlighted the need for reforms to attract businesses,...
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SBM Offshore’s Blue Ammonia FPSO design wins ABS approval

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production,...

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