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...

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...

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...

Rystad Energy says some of the world’s largest oil companies are once again turning to frontier basins in search of major discoveries, with recent acquisitions in less-explored, riskier areas. In a LinkedIn post on September 22, Nishigandha, a senior Exploration...

Maersk Training is partnering with Global Technology Incorporated (GTI), an academic center in Guyana, to strengthen local training and workforce development, according to a company announcement on LinkedIn. In the September 17 post, Bruno Aguiar Thomaz, Managing Director of Maersk...

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...

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...

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...

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...

The Guyana government has engaged British consultancy Bayphase to help review ExxonMobil’s proposed Hammerhead oil development, Natural Resources Minister, Vickram Bharrat, said on Monday. In an invited comment, Bharrat told OilNOW the field development plan (FDP) for Hammerhead, ExxonMobil’s seventh...