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ExxonMobil flags ICJ ruling as key trigger for work in Guyana’s force majeure acreage

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ExxonMobil said a ruling from the International Court of Justice (ICJ) will be a critical trigger for advancing exploration in portions of Guyana’s Stabroek Block that remain under force majeure due to the Guyana–Venezuela border controversy. The comments were made...
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Chevron says it can boost Venezuela production up to 50% in 24 months

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Chevron Corp. sees the potential to increase its Venezuelan oil production by as much as 50% over the next 18-24 months, its Chief Executive Officer Mike Wirth said during the company’s earnings conference call today.  The U.S. government has been...
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TotalEnergies launches TWICE women’s network in Suriname

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TotalEnergies EP Suriname B.V. has launched the Suriname edition of its TotalEnergies Women’s Initiative for Communication & Exchange (TWICE). The initiative is aimed at advancing women’s careers, promoting gender awareness, and creating opportunities for learning, connection, and leadership.  Artur Nunes...
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Chevron’s Q4 profit falls to $2.8 billion as lower oil prices hit upstream earnings

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Chevron reported a drop in fourth-quarter profit during its earnings call on Friday, as lower oil prices and weaker upstream earnings outweighed gains in refining margins and higher production. The U.S. oil major posted net income attributable to shareholders of...
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ExxonMobil hits highest net output in over 40 years, with Guyana driving growth

Shikema Dey -
ExxonMobil announced on Friday that its net production reached the highest level in more than 40 years in 2025, with Guyana a central contributor as the company reported full-year earnings of US$28.8 billion. Net production averaged 4.7 million oil-equivalent barrels...
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Oil exports anchor Guyana’s trade ties with Europe, U.S. and Panama in 2025

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Guyana’s crude oil exports in 2025 positioned a small group of countries as its dominant trading partners, as those nations consistently appeared throughout the year as direct destinations for Guyanese crude shipments, in data analyzed by OilNOW. Major destinations for...
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India imports 297,000 b/d from Guyana in January to offset sanctions-hit Russian crude

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India imported approximately 297,000 barrels per day (b/d) of crude oil from Guyana in January, according to data cited by Indian news agency, Economic Times, in a January 22 report.  According to the news agency, the data was gleaned from...
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Barreleye-3 appraisal moves ahead with Noble Don Taylor offshore Guyana

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ExxonMobil Guyana Limited continued exploration drilling at the Barreleye-3 well site on January 27, 2026, as it advances appraisal work in Guyana’s Stabroek Block. The operation is being carried out by the mobile offshore drilling unit Noble Don Taylor. Drilling...
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Rubio points to Guyana as safer bet for oil investment than Venezuela

Shikema Dey -
U.S. Secretary of State Marco Rubio told U.S. lawmakers that Guyana offers a more reliable investment environment than Venezuela, warning that energy companies will place their money where legal protections and contract enforcement are clear. Rubio made the comments during...
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Guyana rigs extended to 2029 as Noble secures US$1.3B in new contracts

OilNOW -
Drilling activity offshore Guyana has been extended through 2029 after ExxonMobil awarded Noble Corporation plc additional rig years under its Commercial Enabling Agreement.  The award applies evenly across four drillships operating in Guyana — Noble Sam Croft, Noble Don Taylor,...
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Middle East tensions could lift Guyana’s oil revenues, but capacity risks remain – Orinoco Research

Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across...

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