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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...
News

Bell, Omni Helicopters launch offshore evaluation programme for Bell 525 chopper

OilNOW -
Bell Textron Inc. and Omni Helicopters Guyana Inc. (OHGI), a subsidiary of Omni Helicopters International (OHI), have announced a joint offshore operational evaluation program for the Bell 525 helicopter in Guyana's oil and gas sector. The evaluation, set to last...
News

TT’s “coo coo cooked” if Dragon deal goes sour – PM

OilNOW -
Trinidad and Tobago’s (TT) Prime Minister Keith Rowley has cautioned that the country’s energy future is at risk if the Dragon gas deal collapses.  “If you see us losing that OFAC ( U.S. Office of Foreign Assets Control) licence, as...
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ExxonMobil’s Longtail project to tap three gas fields offshore Guyana

OilNOW -
ExxonMobil's proposed Longtail development project will tap into three gas fields—Longtail, Tripletail, and Turbot—spanning discoveries made in the period 2017-2019. Unlike Exxon’s previous developments in Guyana, which focus on crude oil, this project will center on non-associated gas and...
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Public consultations for ExxonMobil’s Longtail and Hammerhead projects this March

OilNOW -
The Environmental Protection Agency (EPA) invites stakeholders to learn about ExxonMobil Guyana Limited’s (EMGL) proposed Longtail and Hammerhead offshore oil projects. Details on the project, environmental assessments, and potential impacts will be provided through a series of public meetings. For...
News

Maduro is Latin America’s very own Vladimir Putin – Analysts 

Shikema Dey -
Venezuelan President Nicolás Maduro is using tactics reminiscent of Russian President Vladimir Putin, violating international agreements while casting Guyana’s response as provocative, according to analysts at the Center for Strategic and International Studies (CSIS).  Just recently, a Venezuelan navy ship...
News

FPSO Alexandre de Gusmão arrives at Mero field in Brazil

OilNOW -
The FPSO Alexandre de Gusmão has arrived at the Mero Field in Brazil’s Santos Basin, with first oil expected later this year.  The vessel is the eighth floating production, storage, and offloading (FPSO) unit in Brazilian waters and is part...
News

Stena Drilling invests over US$85M in Guyana, employs 157 locals

OilNOW -
Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route to Guyana to rejoin multi-billion barrel exploration campaign | OilNOW   “Stena Drilling has spent over US$85 million with local vendors and...
News

More Petroleum Engineering and Geoscience scholarships offered by CNOOC 

OilNOW -
Guyana's Ministry of Natural Resources and CNOOC Petroleum Guyana Limited are inviting applications for the next batch of students to pursue Geoscience and Petroleum Engineering scholarships in China. Applicants must send a detailed CV and cover letter to [email protected] by...
News

An inside look at the complex nature of moving a drillship 

OilNOW -
Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who provided insight into this complex process. “When I first joined Stena Drilling, it was made very clear to me that we...
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Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy...

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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