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Noble secures Jackup contract for offshore Suriname drilling

OilNOW -
Noble Corp. has signed a new contract for its Noble Regina Allen jackup rig with an undisclosed operator offshore Suriname. The drilling contractor announced the deal on March 5 via LinkedIn. The contract covers one well with an estimated duration...
News

Guyana wants expert to resolve dispute with Exxon over US$214 million in expenses

OilNOW -
The Government of Guyana said on Thursday that it is preparing to take the next step in the dispute resolution process with ExxonMobil and its partners, Hess and CNOOC, over the disallowance of approximately US$214.4 million in expenses claimed...
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Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

OilNOW -
The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over the dispute under their engineering, procurement, and construction (EPC) contract for the Gas-to-Energy project.  The Dispute Avoidance and Adjudication Board (DAAB)...
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Guyana asks ICJ to stop Venezuela’s plan for May election in the Essequibo region

OilNOW -
Guyana has formally requested the International Court of Justice (ICJ) to prohibit Venezuela from proceeding with its planned elections in the Essequibo region, according to a release from the Ministry of Foreign Affairs and International Cooperation on Thursday.  The request...
News

SLB expands presence in Suriname with new office

OilNOW -
SLB has strengthened its presence in Suriname with the opening of a new office in Paramaribo, reinforcing its commitment to the country’s energy development. The opening event was attended by senior representatives from Staatsolie Maatschappij Suriname, including Director Downstream...
News

Energy and Infrastructure must go hand in hand, says CNOOC Guyana President

OilNOW -
The critical link between energy and infrastructure is key to shaping Guyana’s economic future, said Lian Jihong, President of CNOOC Petroleum Guyana Limited, at the 2025 Guyana Energy Conference. Addressing an audience of industry leaders, policymakers, and investors, he...
News

Lessons from TT: Heritage Petroleum CEO on risk management, cost control in oil industry

OilNOW -
A robust risk management framework is crucial in the oil and gas industry, especially given the volatile global oil markets and potential geopolitical impacts, according to Heritage Petroleum’s Eric Kuskula. Kuskula - CEO of Trinidad and Tobago’s newest state-owned oil...
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...
Guyana's Oil Ledger

Guyana’s oil production averaged 620,000 bpd in January

Kemol King -
Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced was 19.2 million barrels. Tankers lifted 20 cargoes of approximately a million barrels each in January,...
News

Venezuela might shift to China, Russia, and Iran but it won’t replace US oil expertise – Rystad Energy 

OilNOW -
W. Schreiner Parker, Managing Director for Latin America at Rystad Energy, has commented on the consequences of U.S. President Donald Trump's decision to revoke Chevron’s license to operate in Venezuela. He stated that this action delivers a significant blow...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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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