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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...
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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...
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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...
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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...
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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...
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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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EnerMech secures pre-commissioning contract for ONE GUYANA FPSO

OilNOW -
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...
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Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

OilNOW -
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...
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Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

Kemol King -
The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift offshore Guyana, ExxonMobil Guyana told OilNOW.  The tanker loaded crude from two floating production, storage and...
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MODEC Guyana to publish RFIs for key offshore services

OilNOW -
MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial gas services, fire pump performance tests, oil and gas laboratory analysis, and transformers, all set...
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GCCI’s Business Development Forum to equip MSMEs for 2026 growth opportunities in Guyana and around the world

As Guyana continues on a trajectory of rapid economic expansion, the Georgetown Chamber of Commerce and Industry (GCCI) is...

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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