News

News

Chevron to build on momentum in post-Maduro Venezuela, as Trump promises windfall

OilNOW -
Chevron is positioning itself for rapid growth in Venezuela as the United States signals support for renewed investment following the country’s political transition, with US President Donald Trump urging major oil companies to pour US$100 billion into expanding Venezuelan...
News

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

Kemol King -
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...
News

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

OilNOW -
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...
News

ExxonMobil flags commodity price pressure, impairments in Q4 2025 outlook

OilNOW -
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...
News

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

OilNOW -
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,...
News

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

Trichell Sobers -
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...
News

Axess Group secures asset integrity contract with Noble for Guyana drillships

OilNOW -
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,...
News

OilNOW once again captures Chamber award for oil and gas coverage

OilNOW -
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...
News

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

Shikema Dey -
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...
News

U.S. crude imports from Guyana rose to record levels in 2025

OilNOW -
U.S. net imports of crude oil from Guyana rose to record levels in 2025, supported by rising offshore production and growing demand from U.S. refiners, according to data from the U.S. Energy Information Administration (EIA). Based on EIA data for...
1...171819...1,063Page 18 of 1,063

Latest News

NewsOilNOW -

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...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks