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Halliburton seeks suppliers for new Baroid laboratory in Guyana

Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for the procurement, construction, and commissioning of a new Baroid laboratory, as the company continues to expand its onshore footprint in the country. The EOI, published recently, invites vendors to...

Guyana’s clean energy push gets $10.7B allocation in 2026 budget

Guyana has allocated GY$10.7 billion in its 2026 budget to advance its flagship Gas-to-Energy project. This, along with efforts to further the country's gas-based power development and to resuscitate the Amaila Falls Hydropower Project, is part of the country's...

Guyanese businesses cash in millions from offshore catering, construction and engineering through Local Content – Finance Minister 

Guyana’s Local Content Act (LCA) continues to create opportunities for domestic businesses, with millions earned by Guyanese firms in offshore catering, construction, and engineering in 2025. This is according to Finance Minister, Dr. Ashni Singh.  To date, over 1,200 Guyanese...

Gov’t reaffirms commitment to turning oil wealth into long-term gains for Guyanese

The Government of Guyana says it remains firmly committed to managing the country’s oil and gas wealth in a way that secures robust economic benefits for future generations. Presenting Budget 2026 to the National Assembly on January 26, Senior Minister...

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

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...

Chevron says it can boost Venezuela production up to 50% in 24 months

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...

TotalEnergies launches TWICE women’s network in Suriname

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...

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...

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Iran threatens to close just-reopened Strait of Hormuz if U.S. blockade continues

Iran is now warning it will shut the Strait of Hormuz to commercial shipping again if the United States...