United States Energy Secretary Chris Wright has disclosed plans to leverage control over Venezuela’s oil exports and revenue generated by the Spanish-speaking nation.  In a January 7 press conference in Washington, Wright said the move is central to the U.S....

Suriname’s offshore GranMorgu oil project is progressing as planned, with overall development now 25% complete, according to Staatsolie. The update was released by the state oil firm on December 30. Staatsolie said construction of the floating production, storage and offloading...

Chevron is positioning itself for rapid growth in Venezuela as the United States signals support for renewed investment following the country’s political transition, with US President Donald Trump urging major oil companies to pour US$100 billion into expanding Venezuelan...

Oil production from Guyana’s Uaru field is expected to rise steadily after start-up, strengthening offshore supply over the medium term, according to S&P Global Energy CERA.  “…production at the ultra-deepwater Uaru field is estimated to begin in July at nearly...

Touchstone Exploration Inc. has announced that significant net sand has been found at its Carapal Ridge-3 (CR-3) development well in Trinidad and Tobago, with completion and tie-in targeted for early 2026. Development drilling in Trinidad and Tobago’s Central Block had...

ExxonMobil Guyana is continuing exploration drilling at the Barreleye-3 well in the Stabroek Block, a notice from Guyana’s Maritime Administration Department said. According to the notice, drilling, carried out by the drillship Stena Carron, was scheduled to begin on December...

From record-setting production in Guyana to shifting energy fortunes in Trinidad and Tobago and a sharp turn in U.S.–Venezuela relations, 2025 was a year of heightened regional focus for the oil and gas sector.  OilNOW’s top stories of the year,...

Here are the stories that you, the readers, were most interested in last year about Suriname:  Suriname’s GranMorgu offshore oil project is 23% complete TotalEnergies and Staatsolie reported that GranMorgu reached 23% completion, covering engineering and procurement progress, and reaffirmed that...

ExxonMobil’s Yellowtail offshore oil project in Guyana averaged 258,000 barrels per day (b/d) in November, according to newly released government data. Total offshore output across the four producing developments in Guyana’s Stabroek Block averaged about 894,000 b/d in November, up...

China National Offshore Oil Corporation (CNOOC) announced Wednesday that it has made a major oilfield discovery at the Qinhuangdao 29-6 asset in the shallow Neogene formations of the Bohai Sea. This marks the seventh consecutive discovery of a hundred-million-tonne-class oilfield...