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ExxonMobil sanctions 7th Guyana project; first oil in 2029

OilNOW -
ExxonMobil has made a final investment decision (FID) for the development of the Hammerhead discovery offshore Guyana, its seventh sanctioned project in the Stabroek Block, targeting first oil in 2029. The news comes on the heels of the issuance of...
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Guyana issues production license for Exxon’s US$6.8 billion Hammerhead project

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Guyana’s Ministry of Natural Resources announced on Monday that it has approved ExxonMobil’s Hammerhead project, a US$6.8 billion venture that will increase oil production capacity by 150,000 barrels per day (b/d). Oil from Hammerhead, discovered in the southwestern part of...
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Exxon to conduct seismic survey offshore Trinidad in second quarter of 2026

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ExxonMobil has scheduled a seismic survey for the second quarter of 2026 on its newly awarded TTUD-1 block offshore Trinidad and Tobago, according to updates shared with the Ministry of Energy and Energy Industries (MEEI). The company outlined its timeline...
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Chevron CEO hails Hess deal as 2025’s biggest U.S. merger, bets on lasting oil demand

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Mike Wirth, Chief Executive Officer of Chevron, defended the company’s oil-first strategy in a recent interview with the New York Times, even as the International Energy Agency (IEA) projects that global demand could peak before 2030. Wirth, who has led...
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Over 1,300 Guyanese firms are now registered under the country’s Local Content Act

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More than 1,300 Guyanese companies have been approved and registered under the Local Content Act, according to Director of the Local Content Secretariat, Dr. Martin Pertab. In an interview with OilNOW, Dr. Pertab disclosed that the Secretariat has registered 1,315...
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Guyana’s local content spend hits US$350M in six months 

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Guyana’s local business community continues to secure strong gains from the country’s oil and gas industry, with spending on Guyanese firms exceeding US$350 million in the first half of 2025. Dr. Martin Pertab, Director of the Local Content Secretariat, confirmed...
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Noble, EDO and MATPAL gear up for recruitment drive in Guyana’s Essequibo region

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The Noble Recruitment Drive is set to arrive in Parika in the Essequibo Islands-West Demerara region of Guyana on Sunday, bringing opportunities for locals seeking careers in the offshore industry. The event will be hosted at the Market Tarmac near the...
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World Bank backs Suriname’s transition as oil era approaches

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PARAMARIBO, SURINAME -  Suriname’s President Jennifer Geerlings-Simons met with a World Bank delegation this week to discuss support for the country’s economic transition as it prepares for offshore oil production.  The talks, held at the Presidential Palace in Paramaribo on...
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Chinese oil giant leads interest in Trinidad deepwater blocks 

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The Energy Chamber of Trinidad and Tobago reported that the country’s 2025 Deepwater Bid Round closed on September 17, with Chinese state-owned oil company CNOOC International (China National Offshore Oil Corporation) submitting bids for three of four blocks that...
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Guyana’s first major oil & gas training college to welcome full cohort next month

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The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be fully trained locally beginning in October 2025, ExxonMobil Guyana announced on Wednesday.  The move marks a milestone in the country’s local...
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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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