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Guyana’s Minister of Foreign Affairs, Hugh Todd, on Monday transferred a protest note to the Venezuelan government over an incident that occurred on January 21, 2020 which resulted in Guyanese fishing vessels being intercepted and detained by the Venezuelan...

The Liza Destiny Floating Production Storage and Offloading (FPSO) vessel which is producing oil offshore the South American country of Guyana is among the top five highest scoring units for safety in SBM Offshore’s global fleet. The Dutch floater specialist,...

Global consultancy group Wood Mackenzie says it expects another year of around US$300 billion in upstream development spend, down 30% on pre-crisis levels and 60% below 2014’s US$750 billion peak. Deepwater spend has been underpinned by US$50 billion in...

British multinational oil and gas company bp said on Monday that it has begun to directly supply gas customers in China with gas from liquefied natural gas (LNG) that it has imported into the country. This is the first...

Oil and gas supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn – and just as the industry could finally hope for better days, the coronavirus pandemic caused the value of...

Twelve oil companies operating in Guyana are among those submitting information to the Guyana Extractive industries Transparency Initiative (GYEITI) National Secretariat for compilation of the country’s second report. GYEITI National Coordinator, Dr. Rudy Jadoopat, confirmed to OilNOW on Friday that...

Oilfield Services Company Schlumberger recorded $969 million in revenue for the Latin America region in the fourth quarter (Q4) of 2020. The company said on Friday this represents an increase of 17% sequentially with continued strength in Ecuador, Colombia,...

Staatsolie Maatschappij Suriname is the state oil company of Suriname established to execute the country’s oil policy which includes exploration, drilling and the processing of oil. The company has said it was always confident of a major commercial discovery...

Statement by Ministry of Foreign Affairs The Ministry of Foreign Affairs of the Cooperative Republic of Guyana has confirmed reports that two Guyanese registered fishing vessels – the Lady Nayera and the Sea Wolf – operating off the coast of...

Guyanese aviation company, Trans Guyana Airways, has been working with several local firms to provide services and key support to the oil and gas industry. The aviation company said through the support of ExxonMobil Aviation Services, it has been...