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...

Subsea tree orders are on track to cross 200 units this year, according to Westwood’s Global Subsea Tree Tracker. The firm stated in a September 4 report that as of the end of August 2025, “108 subsea tree units...

UPDATE: This article has been updated with additional information to reflect that Mohamed Ally is contracted with the School of the Nations to provide welding training for Guyanese. It also clarifies that the School of the Nations is the...

PARAMARIBO, SURINAME – Suriname’s petroleum industry is governed by the Petroleum Law of 1990, enacted in 1991 (S.B. 1991 no. 7) and amended in 2001. This framework has shaped how oil and gas resources are managed, licensed and developed...

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its new five-year term. “The work we’re about to embark on is for all of Guyana, every citizen. It’s to reach every...

Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund (NRF) report published by the Bank of Guyana. The inflow reflects payments for an estimated three cargoes, each about one...

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon Mobil Corporation’s (XOM) success offshore Guyana as the foundation of what it calls a durable upstream moat (economic power).  In an...

Chevron’s US$53 billion acquisition of Hess Corporation is not just about reserves; it’s about people. According to Chevron Chief Executive Mike Wirth, the deal, announced in October 2023, was driven by the long-term growth Hess brings and the expertise...

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude from the Yellowtail project, energy analytics firm OilX and other vessel tracking data showed. The Suezmax tanker was scheduled by the...

Guyana's President, Dr. Mohamed Irfaan Ali, has signaled that his administration will embark on an expanded exploration push. “We will press forward with new exploration under a stronger Production Sharing Agreement,” he announced immediately at his swearing-in for a...