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‘We are not awash with oil money,’ Guyana Vice President says

OilNOW -
Guyana’s Vice President Bharrat Jagdeo on Wednesday pushed back against claims that the country is flush with oil wealth, asserting that revenues from the sector fund only a fraction of national spending. Speaking at the annual National Toshaos Council Conference,...
News

TT offshore auction largest ever in history – S&P 

OilNOW -
S&P Global Commodity Insights has rated Trinidad and Tobago’s 2025 deepwater bid round the “largest offshore auction in the country’s history”. The bidding round opened in January and will remain active until early July. The bid round offers 26 offshore...
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President Ali: Guyana will not cede an inch of Essequibo to Venezuela

OilNOW -
President Irfaan Ali on Tuesday said Guyana remains “83,000 square miles proud and strong, unshakable, unbreakable,” as Venezuela pushes ahead with plans to stage elections in the disputed Essequibo region. “We are respectful of international order, international rule of law,”...
News

U.S. stands ready to support Guyana army in its efforts to eradicate criminal activity along border with Venezuela – Theriot

OilNOW -
U.S. Ambassador to Guyana, Nicole Theriot, has issued a strong call backing the Guyana Defence Force (GDF) and condemning the criminal elements allegedly tied to Venezuela’s sindicato gangs, who opened fire on GDF patrols along the Cuyuni River last...
Oil Law 101

The PAA Series: Management Themes (Part 5)

Joanna Simmons -
In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023 (the ‘PAA’) we noted that a discovery can be (i) of no potential commercial interest...
News

Suriname prepares for pivotal 2025 elections amid economic hopes and political shifts

OilNOW -
Paramaribo – May 20, 2025: Suriname’s general elections, set for May 25, come at a critical juncture for the country. With offshore oil discoveries promising a potential economic windfall, the political stakes are higher than ever. Public expectations...
News

Gouveia Jr. elected Chair, Smith as first woman Vice Chair of Guyana Private Sector Commission

OilNOW -
Gerald Gouveia Jr. of Roraima Airways has been elected Chairman of Guyana’s Private Sector Commission (PSC), while Kathy Smith of the Georgetown Chamber of Commerce and Industry made history as the first woman elected to serve as Vice Chairman....
News

Gas discoveries poised to power 21st-century Guyana and regional growth – Exxon VP 

OilNOW -
Ever thought about what 21st-century Guyana would look like? Modern infrastructure, advanced technology, perhaps.  Whatever the vision, though, natural gas is expected to be at the center of it all, according to Senior Vice President for Deepwater at ExxonMobil Upstream...
News

ExxonMobil to establish multi-year offshore construction agreement for FPSO support

OilNOW -
ExxonMobil Guyana Limited (EMGL) plans to implement a multi-year enabling agreement for a suite of brownfield projects. The projects will primarily require offshore construction services, along with onshore fabrication and occasional onshore construction. According to EMGL, all work will be...
News

Topside fabrication advances for Jaguar FPSO; GranMorgu work to start in second half of 2025, SBM says

OilNOW -
Topside module fabrication for the Jaguar floating production, storage and offloading vessel (FPSO) is progressing as planned, SBM Offshore said on Thursday, while similar fabrication for the GranMorgu FPSO is expected to begin in the second half of 2025. Both...
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Key facts about Chevron, the latest oil heavyweight in Guyana’s Stabroek Block 

Chevron Corporation has officially stepped into Guyana’s energy landscape through its recent acquisition of Hess Corporation, one of the...

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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