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Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift offshore Guyana, ExxonMobil Guyana told OilNOW.  The tanker loaded crude from two floating production, storage and...

MODEC Guyana to publish RFIs for key offshore services

MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial gas services, fire pump performance tests, oil and gas laboratory analysis, and transformers, all set...

Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027...

The Petroleum Activities Act Series

Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at present, the Regulations made under the 1986 Act remain applicable law under the PAA. The PAA is aimed at regulating...

After naval incursion, Venezuela falsely blames Guyana for rising tensions

Venezuela has accused Guyana of provocation after its navy entered Guyana’s exclusive economic zone (EEZ) on Saturday morning. Guyana’s government said the Venezuelan patrol vessel "ABF Guaiqueri PO-11" approached several offshore assets, including the FPSO Prosperity, operated by ExxonMobil. President...

CARICOM urges Venezuela not to engage with Guyana oil production platforms

The Caribbean Community (CARICOM) has spoken out in support of Guyana, after a Venezuela vessel entered the ExxonMobil-operated Stabroek Block in Guyana’s maritime territory and approached oil-related ships.  “CARICOM calls on Venezuela to order the urgent removal of the vessel...

11 former Presidents of LatAm countries and Spain say Maduro regime after Guyana’s energy wealth

Former Presidents of Latin American countries and Spain showed support for Guyana after a Venezuela vessel made an incursion into Guyanese waters and approached vessels operating in the ExxonMobil-operated Stabroek Block Saturday morning. SEE FULL STATEMENT BELOW: The Liberty and Democracy...

Maduro regime to face consequences if provocation continues, U.S. says

The United States’ Bureau of Western Hemisphere Affairs said consequences will befall the Nicolas Maduro regime if more provocation follows an incursion into Guyana’s maritime territory by a Venezuela patrol vessel.  “Venezuelan navy vessels threatening ExxonMobil’s floating production, storage and...

OAS condemns Venezuelan naval threats to Guyana

Statement from the OAS General Secretariat: The General Secretariat of the Organization of American States (OAS) unequivocally condemns the recent actions of Venezuelan naval vessels threatening ExxonMobil’s Floating Production Storage and Offloading (FPSO) units operating within Guyana’s internationally recognized maritime...

Guyana deploys air assets following Venezuela navy incursion at offshore oil installations 

Guyana is on high alert after a Venezuelan navy ship entered its exclusive economic zone (EEZ) at 07:00am this morning. Air assets have been deployed and Guyana is currently mobilising its Coast Guard to be deployed to the area.  Guyanese...

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Guyana share of oil revenues to increase as Exxon pays down cost faster with US$100 per barrel crude  

Guyana is set to receive a bigger share of revenue from oil production as higher prices accelerate the pace...