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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...

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...

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...

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...

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...

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 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...

As concerns mount for the future of the Dragon gas development, Trinidad’s Energy Minister Stuart Young told local media that the country has already doled out payments to Venezuela.  Young, quoted in the TT Daily Express said Venezuela was paid...

With over 17 trillion cubic feet of natural gas—and counting—discovered in Guyana’s Stabroek Block, the government is now focusing on its development. However, the process is a bit more complex than oil production. With ExxonMobil’s experience, the government’s goal...

CARICOM has strongly opposed Venezuela’s plan to hold elections in Guyana’s Essequibo region. The regional body, in a statement following its 48th Regular Meeting, warned that such actions violate international law and past agreements. On January 27, 2025, Venezuela’s President...