oil and gas Archives

March 19, 2026

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Guyana is poised to earn significantly higher oil revenues as global prices climb and production expands in the Stabroek Block, but the gains are expected to come alongside rising fuel costs and broader economic pressures. Speaking at a press conference, President and General Manager of ExxonMobil Guyana Limited, Alistair Routledge, said ongoing geopolitical tensions, […]

March 19, 2026

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ExxonMobil Guyana injected some $146 billion into the local economy in 2025 through spending on local suppliers, underscoring the industry’s growing impact on businesses and employment. Speaking during a press conference today, President and General Manager of ExxonMobil Guyana Limited, Alistair Routledge, said that some 2,000 Guyanese suppliers were engaged in supporting offshore operations and […]

March 1, 2026

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Brent crude jumped 10 per cent to about US$80 a barrel over the counter on Sunday, oil traders said, while analysts predicted prices could climb as high as US$100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war. The global oil benchmark has rallied this year and reached US$73 […]

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, […]

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 […]

November 11, 2025

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Guyana has signed a Production Sharing Agreement (PSA) for the shallow-water Block S4 offshore the country with a consortium comprising QatarEnergy (35%), TotalEnergies (40%, operator), and PETRONAS (25%). The deal, awarded by the government under the 2022 Guyana Licensing Round — the country’s first bid round — marks another step in Guyana’s efforts to responsibly […]

Tag: oil and gas

Guyana gains from climbing oil prices but fuel costs could bite consumers

ExxonMobil injected $146B into local businesses in 2025

Oil jumps 10 per cent on Iran conflict and could spike to US$100 a barrel, analysts say

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

Trump’s Venezuela takeover will make Guyana oil safer

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

QatarEnergy, TotalEnergies, PETRONAS partner in Guyana offshore Block S4

CPL and GSL launch special ticket promotion for fans

New bond scheme to channel diaspora funds into development projects

US values strong relations with Guyana, supports accountability and transparency, says Secretary Rubio

CPL and GSL launch special ticket promotion for fans

New bond scheme to channel diaspora funds into development projects

US values strong relations with Guyana, supports accountability and transparency, says Secretary Rubio