Oil & Gas Archives

February 9, 2026

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Economist Richard Rambarran has dispelled claims that oil fund resources are being spent on infrastructure and capital projects at the expense of citizens. Speaking on the Starting Point podcast, Rambarran rejected calls for unconditional cash transfers, saying such measures are unsustainable and could harm the broader economy. “One can programme a budget where we move […]

January 15, 2026

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(Reuters) The U.S. has seized another Venezuela-linked tanker, US officials told Reuters on Thursday, ahead of a meeting between U.S. President Donald Trump and Venezuelan opposition leader Maria Corina Machado. The seizure marks the sixth vessel targeted since mid-December that was either carrying Venezuelan oil or had done so in the past. The officials, speaking […]

January 14, 2026

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(Oilprice.com) A couple of years ago, Venezuela’s government decided to revive a territorial claim over much of its neighbour, Guyana. The tiny country was emerging as a major oil producer, and Venezuela wanted a piece. Then came Trump and removed the head of that government. Essequibo lies between Guyana and Venezuela, with both claiming sovereignty, […]

January 10, 2026

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Work on Guyana’s landmark Gas-to-Energy (GTE) Project in Wales is progressing steadily and remains on track for completion by the end of 2026. Prime Minister Brigadier (Ret’d) Mark Phillips visited the site to receive a detailed briefing on the project’s status. The GTE Project, overseen by the Office of the Prime Minister, is a key […]

December 18, 2025

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Global crude oil production is forecast to rise by about 800,000 barrels per day (bpd) in 2026, with Brazil, Guyana and Argentina accounting for roughly half of that growth, according to the U.S. Energy Information Administration’s (EIA) December Short-Term Energy Outlook (STEO). The EIA said crude supply growth since 2023 has been driven largely by […]

December 11, 2025

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Woodside Energy and Chevron were the top winners on Wednesday at the US government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023. The auction, which ended with US$279.4 million in high bids, was the first of 30 mandated by US President Donald Trump’s tax cut and spending bill, […]

December 9, 2025

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Exxon Mobil is targeting US$25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top US oil producer said on Tuesday as it leans on profitable assets in Guyana and the Permian Basin. Exxon also announced that Chief Financial Officer Kathy Mikells will retire effective February 1 due to […]

December 5, 2025

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Guyana will sign a new production sharing agreement with Cybele Energy Limited next Tuesday, Minister of Natural Resources Vickram Bharrat said on Thursday, as the country continues to draw major international energy companies to its oil and gas sector. Bharrat made the announcement at the media launch of the fifth Guyana Energy Conference and Supply […]

December 4, 2025

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Chevron said on Wednesday that capital expenditure for 2026 will be between US$18 billion and US$19 billion as the oil major focuses on production in the US and investments connected to a recently-acquired oil stake in Guyana. The range is at the low-end of previous guidance that put annual investment between US$18 billion and US$21 […]

November 20, 2025

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China is preparing to receive its first shipment of Guyana’s Golden Arrowhead crude, a development that signals growing Asian interest in the country’s expanding suite of offshore oil grades. The milestone underscores the global market’s increasing appetite for Guyana’s production. According to OilNOW’s reporting, the Sophia very large crude carrier (VLCC) has loaded a combined […]

Category: Oil & Gas

Rambarran: Oil fund spending on infrastructure not at citizens’ expense

US seizes Guyana-flagged Venezuela-linked tanker ahead of Trump-Machado meeting

Trump’s Venezuela takeover will make Guyana oil safer

Gas-to-Energy Project on track for year-end completion

Brazil, Guyana and Argentina drive non-OPEC crude growth into 2026

BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction

Exxon boosts forecast, aims for US$25 billion earnings growth by 2030

Guyana to sign new production deal with Cybele Energy next week

Chevron to spend up to US$19 billion next year in focus on US, Guyana oil production

China takes first cargo of Guyana’s Golden Arrowhead Crude, marking new push into Asian Market

US and Iran have reached peace deal as Trump posts 'let the oil flow!'

Minister Parag: NGSA results to be released on July 10

Khalil one win away from PanAm Masters Squash glory

US and Iran have reached peace deal as Trump posts ‘let the oil flow!’

Minister Parag: NGSA results to be released on July 10

Khalil one win away from PanAm Masters Squash glory