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Eco Atlantic reports “significant progress” in exploration portfolio, eyeing farm-out opportunities 

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. showcased significant advancements in its exploration endeavors, according to the company’s interim results update, with Chief Executive Officer (CEO) Gil Holzman expressing optimism about the firm's recent developments. Holzman emphasized the company's strong financial...
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STATEMENT: Guyana Opposition calls on Venezuela to accept World Court ruling 

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Fellow Guyanese,   Today we received a unanimous and binding ruling by the International Court of Justice in response to Guyana's request for the indication of provisional measures in the case of the Arbitral Award of 3 October 1899 (Guyana V....
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Brazil to join OPEC+ alliance in January 2024, amidst ongoing oil output strategy discussions

OilNOW -
Brazil is set to become a member of the OPEC+ coalition, as announced by Brazilian Energy Minister Alexandre Silveira on November 30, 2023. The decision to join the coalition was revealed during a rescheduled OPEC+ meeting convened to deliberate...
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Commonwealth believes Venezuela referendum would be in breach of World Court measure 

OilNOW -
The Commonwealth Secretary-General, Patricia Scotland KC, expressed grave concern over the implications of Venezuela's planned referendum on December 3 regarding the Guyana-Venezuela border controversy following the recent decision by the International Court of Justice (ICJ). In response to the ICJ's...
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Refrain from provocation and warmongering – OAS Chief tells Venezuela 

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Luis Almagro, Secretary General of the Organization of American States (OAS), took to X (formerly Twitter) to issue a stern warning to Venezuela following the ruling of the International Court of Justice (ICJ).   “We consider decision as fundamental in...
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Venezuela cannot, by referendum or otherwise, disregard the ruling of the world’s highest court – CARICOM

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The Caribbean Community (CARICOM) has issued a strong statement in response to the International Court of Justice's (ICJ) ruling on December 1, 2023, concerning the territorial controversy between Venezuela and Guyana over the Essequibo Region.  In its statement, CARICOM highlighted...
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REACTION: Venezuela misrepresents World Court measures 

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Venezuela has misrepresented the ruling by the International Court of Justice (ICJ) on Guyana’s request for measures to block questions in its Dec. 3 referendum on the Essequibo.  In a Communique after the hearing, Venezuela said that the World Court’s...
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Liza Destiny production rebounds in October

Kemol King -
Production at the Liza 1 project rebounded in October, after which, the Liza Destiny floating production, storage and offloading (FPSO) vessel demonstrated levels in excess of 150,000 barrels per day (bpd). The project registered an average output of 140,780 bpd...
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France backs ICJ process in resolving Essequibo border controversy 

OilNOW -
Guyana engaged in talks with representatives from France as part of ongoing discussions concerning Guyana's forthcoming tenure on the United Nations Security Council (UNSC). Foreign Secretary, Robert Persaud recently convened a meeting with Mohamed Bouabdallah, Head of Political Affairs...
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STATEMENT: Ali confident ICJ will rule Essequibo is rightfully Guyanese territory

OilNOW -
See statement by Guyana President, Dr. Irfaan Ali: Today, the International Court of Justice (ICJ) issued an important Order granting the provisional measures against Venezuela that Guyana requested in response to Venezuela’s announcement that it would be holding a...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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