Energy Insights

Energy Insights

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

Chevy Devonish -
A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the Natural Resource Fund Act 2021 (the NRFA 2021).  The first hearing is scheduled for Monday, 17th...
Energy Insights

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

Chevy Devonish -
In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against Venezuela. The company seeks access to money that Guyana owes Venezuela to satisfy a foreign arbitral award.  The application was heard...
Energy Insights

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

Chevy Devonish -
On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including the Prosperity floating production, storage and offloading vessel (FPSO) owned by ExxonMobil Guyana Limited.  Prosperity is one of several FPSOs operated...
Energy Insights

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

OilNOW -
By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency CCJ 16 (AJ) GY, to my mind, settled the important question of: Whether Guyana’s...
Energy Insights

Recent CCJ decisions settle important questions relating to petroleum operations in Guyana

OilNOW -
By Chevy Devonish Guyana’s highest court, the Caribbean Court of Justice (CCJ) recently handed down two significant decisions which will affect future oil and gas operations and litigation in the South American country. These decisions are Ramon Gaskin v. Minister of...
Energy Insights

The key legal instruments governing Guyana’s oil and gas industry

OilNOW -
By Chevy Devonish In the first article of this column, I indicated the intention to map and distill the entirety of the legal framework directly (specifically governs oil and gas production and related activities) and indirectly (does not directly govern...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: Interpreting and Applying section 94 (1) of the Petroleum Activities Act

OilNOW -
By Chevy Devonish On 24th June 2024, Guyana’s High Court ordered that section 94 (1) of the Petroleum Activities Act (PAA) requires that the Minister of Natural Resources (the Minister) and ExxonMobil Guyana Ltd. (ExxonMobil) be added to ongoing proceedings...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: The Introduction

OilNOW -
By Chevy Devonish ExxonMobil Guyana Limited (ExxonMobil), and its partners Hess and CNOOC started oil and gas exploration in Guyana in 2008, and the first significant discovery, Liza-1, was made in 2015. In his 2024 budget speech, Dr. Ashni Singh, Senior...
Energy Insights

Rowley walks tightrope between Venezuela gas deal and defense of Guyana’s sovereignty

OilNOW -
Prime Minister Dr. Keith Rowley of Trinidad and Tobago finds himself at the intersection of geopolitical issues that place him and his country in a sensitive but crucial position. On one hand, he must navigate the growing tensions between...
Energy Insights

The implications of Tullow’s Orinduik departure

OilNOW -
Tullow Oil has decided to sell its stake in the Orinduik Block, located offshore Guyana. At first glance, one might perceive this to indicate a lack of confidence in the prospectivity of the Orinduik Block. However, upon closer inspection,...
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Guyana's Oil LedgerKemol King -

Guyana’s rate of oil output increased by 5% in February

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average...

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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