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Guyana cemented as core pillar in ExxonMobil’s global oil strategy

OilNOW -
ExxonMobil has reaffirmed Guyana’s growing importance within its global operations, with Business Services Manager John Colling declaring that the South American nation will remain a “very important component” of the company’s production strategy for years to come. ExxonMobil currently has...
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Exxon-led group assets in Guyana jump 23% to US$34 billion, boosting spill response capacity 

OilNOW -
A sharp rise in the combined asset base of Stabroek Block co-venturers ExxonMobil, Hess, and CNOOC, has strengthened the consortium’s ability to financially respond to a potential offshore oil spill.  The three companies reported total assets of US$34.3 billion at...
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Eco Atlantic targets high potential wells in Guyana’s Orinduik Block

OilNOW -
Eco Atlantic Oil & Gas has identified new drill targets in its Orinduik Block offshore Guyana, according to its 2025 Investor Presentation released this week.  The names of the exploration prospects were not listed. However, last March, Eco Atlantic identified...
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Apple taps 100,000 Guyana rainforest credits to offset its 2024 emissions

OilNOW -
Apple has purchased 100,000 carbon credits from Guyana’s national forest protection program to help offset its corporate and product emissions for 2024, as stated in its 2025 Environmental Progress Report.  These credits, each representing the reduction or removal of one...
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$10.5 billion GranMorgu project could reshape Suriname’s economy over the next decade

Işıl Güneş -
PARAMARIBO, SURINAME - Suriname is already an oil-producing country, with Staatsolie, its national oil company, operating onshore fields since the 1980s. However, the October 2024 Final Investment Decision (FID) by TotalEnergies and APA Corporation marked a pivotal moment: the...
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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

OilNOW -
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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Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...

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