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Guyana oil minister calls on investors to work with locals

OilNOW -
To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...
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Venezuela’s PDVSA turning to local partners to fill gap left by Western companies

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(Reuters) Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation's oil sector, according to interviews with a half dozen industry sources, as U.S....
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Analyst encourages Suriname to adopt lessons from Guyana’s oil boom

OilNOW -
In order for Suriname to prudently manage its oil and gas industry, Senior Analyst at America’s Market Intelligence (AMI), Arthur Deakin, is calling for the South American country to take lessons from Guyana’s oil boom. In an analysis released to...
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Exxon says team on track to reinstall FPSO gas compressor this month

OilNOW -
The newly repaired and upgraded components of the flash gas compression system for the Liza Destiny FPSO have arrived offshore Guyana and are being reinstalled. ExxonMobil Guyana's Public and Government Affairs Advisor, Janelle Persaud, said Friday these include a newly...
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Marcus Tripp is Exxon’s new Senior Director Public & Gov’t Affairs in Guyana

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Former Senior Director for Government Relations at ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL), Marcus Tripp, is the new Senior Director Public & Government Affairs in Guyana, replacing Karen Matusic. Matusic has returned to the United States...
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Guyana pays more than its fair share to lower global temperature – Vice President

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Guyana’s Vice President, Dr. Bharrat Jagdeo is of the view that the South American country has already met net-zero status in the global efforts to reduce emissions. “In Guyana’s case, because of our huge forest, we are already at net-zero…because...
Exploration

Guyana-Suriname Basin will be important to global energy transition – Hess VP Exploration

OilNOW -
In order for the energy needs of the world to be met, upstream investments will have to significantly increase in the coming years. Deepwater ‘advantaged barrels’ in locations such as the Guyana-Suriname Basin will therefore continue to play a...
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Carbon pricing initiatives generate US$53B; now apply to over a fifth of global GHG – World Bank

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Based on the World Bank’s latest statistics, carbon pricing appears to be gaining more acceptance and is proving to be a cost-effective policy tool in combating climate change. According to the financial institution’s latest report called State and Trends of...
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Maersk secures two-well contract extension in Brazil

OilNOW -
Karoon Energy Ltd has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the...
Exploration

Russia Deputy Prime Minister says IEA’s net zero plan could push oil price to $200

OilNOW -
Russia Deputy Prime Minister Alexander Novak says the International Energy Agency (IEA)’s call for a halt to global oil and gas developments could push oil prices to $200 a barrel. “If the international energy agency's decision to avoid financing new...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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