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Cybele Energy rejects ‘rent-a-citizen’ practice, vows Guyanese must benefit first

OilNOW -
Executive Chairman of Ghana-based Cybele Energy, Beatrice Mensah Tayui, said her company will not participate in ‘rent-a-citizen’ arrangements as it enters Guyana’s oil and gas sector. “We (Cybele Energy) will work closely to make sure that there's no such thing...
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Touchstone reports 2% increase in proved plus probable reserves for 2025

OilNOW -
Touchstone Exploration Inc. announced its 2025 year-end reserves on February 25, reporting a 2% increase in the after-tax net present value of its total proved plus probable (2P) reserves to US$315 million. The Calgary, Alberta-based company said GLJ Ltd. prepared...
News

Guyana’s reserves remain about 11 billion barrels, ministry says

OilNOW -
The Ministry of Natural Resources late Tuesday said Guyana’s oil reserves remain at about 11 billion barrels, rejecting claims that updated figures were being withheld from the public. The statement responds to a February 24, 2026 article by Kaieteur News...
News

‘The pipeline that matters most for Guyana’s future won’t carry oil or natural gas. It will carry talent’ – Routledge

OilNOW -
ExxonMobil Guyana President Alistair Routledge said the country’s long-term prosperity will depend less on physical infrastructure and more on developing human capability, as the company outlined details of its US$100 million, 10-year STEM education investment. In a February 24 release,...
Exploration

ExxonMobil advances Goatfish-1 drilling in Southeast portion of Stabroek Block

Shikema Dey -
ExxonMobil Guyana Limited on February 19, 2026 continued exploration drilling at the Goatfish-1 well site in the Stabroek Block, according to a notice issued by the Guyana Maritime Administration Department. The well is being drilled by the MODU Noble Sam...
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From national badminton champion to offshore safety leader: Nicolas Ali on raising food standards in Guyana

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Nicolas Ali, Quality, Health and Safety, Food Safety and Environmental Manager at Newrest Guyana, says developing people and strengthening systems offshore is the most rewarding part of his job. Speaking on the February 12 episode of ExxonMobil Guyana’s Onshore Diaries,...
News

ExxonMobil to invest US$100M in Guyana STEM Initiative — “inspiring the next generation of Guyana’s engineers and scientists”

Shikema Dey -
ExxonMobil will invest US$100 million over the next decade to strengthen science and technology education in Guyana, Chairman and Chief Executive Officer Darren Woods announced Monday at State House. The announcement was made during a Republic Day reception hosted by...
News

ExxonMobil’s Canje Block exploration license to expire next week

OilNOW -
ExxonMobil’s exploration licence for the Canje Block will expire next week, according to information from the Ministry of Natural Resources. Minister of Natural Resources Vickram Bharrat told Reuters the offshore block is set to expire soon. Ministry staff subsequently confirmed...
News

Guyana plans an additional gas-fired power plant in Berbice

OilNOW -
Guyana is planning another 300-megawatt (MW) gas-fired power plant, this time in the Berbice region, Dr. Mahendra Sharma, Chief Executive Officer of the Guyana Energy Agency (GEA), said. During a panel discussion at the Guyana Energy Conference last week, Dr....
News

More dredging for Demerara River to support Guyana’s energy driven port expansion – Utilities Minister

OilNOW -
The Government of Guyana will expand dredging efforts in the Demerara River to create the depth needed for larger vessels, as port capacity expands to meet rising demand from oil and gas activity offshore. Minister of Public Utilities and Aviation...
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US$100 per barrel scenario would ‘remove any remaining hesitation’ and speed up Guyana project sequencing – Rystad Energy says

Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies...

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