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Suriname’s GranMorgu FPSO enters fabrication phase 

OilNOW -
SBM Offshore has begun fabrication of the GranMorgu floating production, storage and offloading (FPSO) vessel. On May 20, the company held a first steel cut ceremony at BOMESC Shipyard in Tianjin, China, marking the official start of topsides module...
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Afreximbank launches US$1 billion financing opportunity for Guyanese companies with Roadshow 

OilNOW -
The African Export-Import Bank (Afreximbank) has made a substantial advancement toward meeting its pledge of US$1 billion in financing for Guyanese companies, following an introductory conference this week. The two-day event, at the Guyana Marriott Hotel, represented a pivotal moment...
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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,...
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TT offshore auction largest ever in history – S&P 

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

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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...
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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...
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Exxon executive affirms stability in Guyana outlook regardless of arbitration outcome

ExxonMobil’s Senior Vice President Neil Chapman said Thursday that operations and investment plans in Guyana remain “100% aligned” among...

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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