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Touchstone reports 2% increase in proved plus probable reserves for 2025

Touchstone Exploration Inc. announced its 2025 year-end reserves on February 25, reporting a 2% increase in the after-tax net present value of its total proved plus probable (2P) reserves to US$315 million. The Calgary, Alberta-based company said GLJ Ltd. prepared...

Guyana’s reserves remain about 11 billion barrels, ministry says

The Ministry of Natural Resources late Tuesday said Guyana’s oil reserves remain at about 11 billion barrels, rejecting claims that updated figures were being withheld from the public. The statement responds to a February 24, 2026 article by Kaieteur News...

‘The pipeline that matters most for Guyana’s future won’t carry oil or natural gas. It will carry talent’ – Routledge

ExxonMobil Guyana President Alistair Routledge said the country’s long-term prosperity will depend less on physical infrastructure and more on developing human capability, as the company outlined details of its US$100 million, 10-year STEM education investment. In a February 24 release,...

ExxonMobil advances Goatfish-1 drilling in Southeast portion of Stabroek Block

ExxonMobil Guyana Limited on February 19, 2026 continued exploration drilling at the Goatfish-1 well site in the Stabroek Block, according to a notice issued by the Guyana Maritime Administration Department. The well is being drilled by the MODU Noble Sam...

From national badminton champion to offshore safety leader: Nicolas Ali on raising food standards in Guyana

Nicolas Ali, Quality, Health and Safety, Food Safety and Environmental Manager at Newrest Guyana, says developing people and strengthening systems offshore is the most rewarding part of his job. Speaking on the February 12 episode of ExxonMobil Guyana’s Onshore Diaries,...

ExxonMobil to invest US$100M in Guyana STEM Initiative — “inspiring the next generation of Guyana’s engineers and scientists”

ExxonMobil will invest US$100 million over the next decade to strengthen science and technology education in Guyana, Chairman and Chief Executive Officer Darren Woods announced Monday at State House. The announcement was made during a Republic Day reception hosted by...

ExxonMobil’s Canje Block exploration license to expire next week

ExxonMobil’s exploration licence for the Canje Block will expire next week, according to information from the Ministry of Natural Resources. Minister of Natural Resources Vickram Bharrat told Reuters the offshore block is set to expire soon. Ministry staff subsequently confirmed...

Guyana plans an additional gas-fired power plant in Berbice

Guyana is planning another 300-megawatt (MW) gas-fired power plant, this time in the Berbice region, Dr. Mahendra Sharma, Chief Executive Officer of the Guyana Energy Agency (GEA), said. During a panel discussion at the Guyana Energy Conference last week, Dr....

More dredging for Demerara River to support Guyana’s energy driven port expansion – Utilities Minister

The Government of Guyana will expand dredging efforts in the Demerara River to create the depth needed for larger vessels, as port capacity expands to meet rising demand from oil and gas activity offshore. Minister of Public Utilities and Aviation...

Industry will need 20M b/d, Guyana a timely supply boost — Wood Mackenzie Chairman

Guyana has emerged as a key contributor to global oil production at a moment when the industry faces a critical need for additional supply, Simon Flowers, Chairman of Wood Mackenzie, said on February 17 at the fifth Edition of...

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Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to...