News

Chevron’s Q4 profit falls to $2.8 billion as lower oil prices hit upstream earnings

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...

ExxonMobil hits highest net output in over 40 years, with Guyana driving growth

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...

Oil exports anchor Guyana’s trade ties with Europe, U.S. and Panama in 2025

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...

India imports 297,000 b/d from Guyana in January to offset sanctions-hit Russian crude

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...

Barreleye-3 appraisal moves ahead with Noble Don Taylor offshore Guyana

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...

Rubio points to Guyana as safer bet for oil investment than Venezuela

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...

Guyana rigs extended to 2029 as Noble secures US$1.3B in new contracts

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,...

Women participation in oil and gas to increase exponentially as GCCI tackles contract barriers — President

Women are entering Guyana’s oil and gas sector in growing numbers, but targeted support is now needed to ensure they can access contracts, financing, and technical opportunities. This is according to Kathy Smith, President of the Georgetown Chamber of...

Guyana logged 260 oil lifts in 2025

Guyana recorded 260 crude oil lifts in 2025 from its four producing floating production, storage and offloading (FPSO) vessels, Minister of Finance, Dr Ashni Singh, said during the reading of Budget 2026 on January 26. He told the National Assembly...

TotalEnergies EP Suriname to host oil and gas awareness session for local businesses

TotalEnergies EP Suriname B.V. will host a one-day Oil & Gas Awareness session aimed at strengthening the capacity of local businesses connected to the energy sector. The session will be held on February 10, from 8:30 a.m. to 4:00 p.m....

Latest News

Smith pushing for more Guyanese firms to benefit from O&G as second term as Chamber President begins  

In her second term as President of the Georgetown Chamber of Commerce (GCCI), Kathy Smith plans to increase the...