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Letter-to-the-Editor: Dreams Along the Essequibo

Dear Editor, When I was small, I used to watch the boats glide along the Essequibo, listening to elders speak of a future that seemed far away, a future where Guyana could stand on its own feet. Oil was just...

Guyana crude trading at lowest prices since pandemic era, remains competitive

Guyana’s crude oil grades have fallen to their lowest levels since the COVID-19 pandemic era, with prices dipping below US$60 per barrel in recent weeks, even as ExxonMobil’s fast-growing output and low breakevens keep the oil competitive. Data published on...

Uaru output projected to reach 215,000 b/d by 2027 – S&P Global 

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...

ExxonMobil flags commodity price pressure, impairments in Q4 2025 outlook

ExxonMobil said market conditions and planned activities are expected to materially affect its fourth quarter 2025 results compared with the third quarter. This is according to a Form 8-K filing with the U.S. Securities and Exchange Commission on January...

TT Energy expert believes Dragon gas deal could return if Trump takes control of Venezuela

A Trinidad and Tobago energy expert says a U.S. takeover of Venezuela could reopen the door for the stalled Dragon gas project and other cross-border developments critical to Trinidad’s gas supply. Responding to questions from Trinidad Express Business this week,...

Letter-to-the-Editor: Geopolitics, Oil and Guyana’s place in a tense region

Dear Editor, The recent incident involving the United States and Venezuela is a reminder that geopolitical tensions do not exist in a vacuum. For Guyana, and for the wider Caribbean, developments like these deserve careful attention, not panic. It requires...

From Chávez control to Maduro mismanagement: Why oil companies fled Venezuela

Venezuela sits atop the largest proven oil reserves on the planet; yet, today its oil fields tell a story of abandoned rigs, crumbling infrastructure, and wary foreign investors who once lined up to drill.  The retreat of international oil companies...

Axess Group secures asset integrity contract with Noble for Guyana drillships

Axess Group has secured a long-term Asset Integrity Management contract with Noble Corporation for operations offshore Guyana. The agreement covers inspection and certification services for four Noble drillships operating in Guyana’s offshore basin. The work is aimed at supporting safety,...

OilNOW once again captures Chamber award for oil and gas coverage

Guyanese-owned and operated information resource service, OilNOW, has once again been recognized for its coverage of developments in the country's oil and gas industry. The organization secured an award at the Georgetown Chamber of Commerce and Industry’s (GCCI) 136th...

With Maduro’s capture, Venezuela’s aggression towards Guyana likely to be ‘put on hold’ – Greenidge 

The recent capture of Venezuelan President Nicolás Maduro and his wife by U.S. forces may reduce sustained pressure on Guyana, according to Guyana’s Agent in the World Court case with Venezuela, Carl Greenidge. He commented in an exclusive interview...

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Environmental permits and production licenses serve distinct roles for oil and gas developments

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects...