Mar 19, 2026
2 min read
ExxonMobil injected $146B into local businesses in 2025
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...
oil and gas
Guyana gains from climbing oil prices but fuel costs could bite consumers
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...
Oil jumps 10 per cent on Iran conflict and could spike to US$100 a barrel, analysts say
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...
US seizes Guyana-flagged Venezuela-linked tanker ahead of Trump-Machado meeting
(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...
Trump’s Venezuela takeover will make Guyana oil safer
(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...
Exxon boosts forecast, aims for US$25 billion earnings growth by 2030
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...
Guyana to sign new production deal with Cybele Energy next week
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...
Chevron to spend up to US$19 billion next year in focus on US, Guyana oil production
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...
China takes first cargo of Guyana’s Golden Arrowhead Crude, marking new push into Asian Market
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...
QatarEnergy, TotalEnergies, PETRONAS partner in Guyana offshore Block S4
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),...
CGX strikes loan deal
C GX Energy Inc, a Canadian oil and gas explorer, has secured a US$2.5 million senior loan from its joint venture partner, Frontera Energy Corp,...
T&T Prime Minister: ’We don’t need Venezuelan gas’
AMID the Venezuelan government’s proposal on October 27 to suspend all gas ties with Trinidad and Tobago, Prime Minister Kamla Persad-Bissessar has defiantly declared that...
Oil wealth, democracy, and the path ahead
Guyana is one of the smallest countries in South America, but its elections on Monday might have outsized implications for oil markets and the United...
Exxon eyes replicating Guyana success in Trinidad and Tobago
Exxon Mobil could invest as much as US$21.7 billion in Trinidad and Tobago if the US energy major finds reserves in a large deepwater area...
Fourth FPSO starts production, lifting crude output above 900,000 bpd
Oil production from Guyana’s fourth and largest floating production, storage and offloading (FPSO) vessel, ONE GUYANA, has begun, lifting the country’s total crude output to...
APNU says will engage Exxon on PSA in first 100 days in government
The A Partnership for National Unity (APNU) is prepared to seek greater benefits for Guyanese regarding the oil and gas sector. Presidential Candidate Aubrey Norton...
Exxon in talks with Trinidad for seven deepwater blocks, sources say
ExxonMobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East...
Productive sectors to benefit from tax cuts, oil and gas expansion for Berbice
President Dr Irfaan Ali has announced a "marked reduction in taxes" for Guyana’s productive sector, with a strong focus on agriculture, as part of a...