News

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....

Guyana’s oil revenues to fund 32% of 2026 budget as spending expands

Revenue from Guyana’s rapidly expanding oil sector is expected to fund 32% of the country’s 2026 national budget, as offshore crude production continues to serve as a pillar of support for the government’s budget.  The contribution of GY$495 billion (US$2.37...

Oil to remain dominant driver of Guyana’s 16.2% growth in 2026 – Finance Minister

Guyana’s economy is projected to grow by 16.2% in 2026, with the oil and gas sector continuing to be the dominant driver of expansion, Finance Minister Ashni Singh said on Monday. During a reading of the government’s 2026 budget in...

ExxonMobil says Guyana-style acceleration possible in Trinidad if key conditions align

ExxonMobil believes the rapid development model it applied in Guyana could be replicated in Trinidad and Tobago if deepwater exploration proves successful, but only if the same foundational conditions are in place, according to Dr. Gboyega Ayeni. Ayeni, Business Development...

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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...