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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...
News

Chevron has until April 3 to pack up oil operations in Venezuela 

OilNOW -
April 3 marks the deadline for Chevron to cease its operations in Venezuela, a significant setback imposed by the new Trump administration on the Nicolás Maduro-led government. Usually, a company gets six months to pack up. Trump wants Chevron to...
News

Regulator designates anchor-free zone around Exxon’s undersea gas pipeline 

OilNOW -
Guyana’s Maritime Administration Department (MARAD) has designated a 500-meter buffer zone around an offshore pipeline installed by ExxonMobil Guyana, warning mariners that the area is an anchor-free zone and urging extreme caution when navigating nearby. The regulator said the pipeline...
Featured

Venezuela’s continued aggression not to be taken lightly

OilNOW -
Dear Editor, The continued deliberate act by Venezuela to threaten and disrupt the peace and prosperity of Guyana must come to an end. Time and time again they have shown us that they have no respect for the rule of...
News

Efficiency gains propelling ExxonMobil’s rapid growth in Guyana 

OilNOW -
ExxonMobil Guyana’s offshore oil developments are progressing with record efficiency, enabling faster project execution and greater economic benefits for the country. This is according to its President, Alistair Routledge, in an exclusive OilNOW interview. He said the company has refined...
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Latest News

NewsShikema Dey -

SBM Offshore turnkey revenue doubles on progress of Jaguar and GranMorgu FPSOs 

SBM Offshore's Turnkey revenue doubled in the first half of 2025 to US$1.32 billion, up from US$662 million in...

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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