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Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply disruptions through a key global shipping route. Brent crude rose by 8% on Thursday morning to pass US$109 per barrel. The...

The Stena Carron drill rig will continue exploration operations at ExxonMobil’s Goatfish-1 well in the Stabroek Block offshore Guyana. A notice from the Maritime Administration Department (MARAD) outlined that drilling activities are scheduled to conclude on May 31, 2026. The Goatfish-1...

Brazil’s state oil company Petrobras said it will apply an 18% increase to aviation kerosene (QAV) prices in April while deferring the remainder of the contracted adjustment through installments, as global energy prices rise amid Middle East tensions. Brazil’s state...

The Energy Chamber of Trinidad and Tobago said a recent update by the U.S. Office of Foreign Assets Control (OFAC) could clear the way for Trinidad and Tobago to engage in Venezuela gas development without seeking special U.S. licenses. In...

The ExxonMobil Foundation (Guyana) STEM Inc. has issued a request for information (RFI) for staffing services for a planned STEM facility in Georgetown, the next step in a broader US$100 million education initiative. The RFI, released on April 1, 2026,...

Subsea7 has secured a substantial contract from Noble Energy EG Ltd, a subsidiary of Chevron, for subsea installation work on the Aseng Gas Monetization Project offshore Equatorial Guinea. Subsea7 classifies a substantial contract as one valued between US$150 million and...

The Board of Industrial Training (BIT) is looking to roll out scaffolding training as part of efforts to address accidents linked to working at heights in Guyana’s construction sector, with support from a recent equipment donation by SBM Offshore...

Staatsolie is engaging Guyana and other countries to share and access petroleum data as it works to better understand and de-risk its side of the Guyana-Suriname Basin while attracting new offshore investment. Speaking on the sidelines of Caribbean Energy Week,...

Tanager-1, drilled offshore Guyana on the Kaieteur Block, remains one of the deepest wells executed in the country’s waters, reaching a total depth of 7,633 metres. The well was completed as ExxonMobil’s first exploration attempt at the block. The well...

The University of Guyana (UG) is expanding advanced programmes and reviewing its academic offerings as it works to build a workforce for the country’s growing oil and gas sector. Speaking exclusively with OilNOW on March 30, outgoing Vice Chancellor...