News

Guyana has formally requested the International Court of Justice (ICJ) to prohibit Venezuela from proceeding with its planned elections in the Essequibo region, according to a release from the Ministry of Foreign Affairs and International Cooperation on Thursday.  The request...

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...

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...

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...

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...

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...

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...

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...

EnerMech has been selected by SBM Offshore to perform pre-commissioning work on the ONE GUYANA floating production, storage and offloading (FPSO) vessel. The FPSO will arrive in Guyana this year. EnerMech said it executed pre-commissioning work for all three FPSOs...

Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and 2027, according to Rystad Energy. This surge is driven by the TotalEnergies-operated GranMorgu project and new...