News

JHI Associates is advancing work on its Falkland Islands asset by partnering with Navitas Petroleum, marking a strategic expansion beyond Guyana, where JHI has a stake in the Canje block.  In a shareholder update dated January 12, JHI said it...

Eco (Atlantic) Oil & Gas Ltd. is in ongoing discussions with the Government of Guyana to continue appraisal and exploration activity on the Orinduik Block, after the block’s licence reached the end of its second renewal term on January...

Panama and Italy were the leading direct destinations for Guyana’s crude oil exports in December 2025, according to shipping data reviewed by OilNOW,  as stable offshore production coincided with declining crude prices. An assessment of tanker movements shows that 27...

Guyana’s offshore basin continues to draw global attention as multiple oil and gas companies advance exploration and appraisal across deepwater and shallow-water acreage. The activity spans proven producing blocks and frontier areas, positioning the country as one of the...

Trinidad and Tobago’s Energy Minister Roodal Moonilal said the Dragon gas project continues under existing arrangements, with no official changes communicated to the Government. Moonilal addressed the matter on January 8 during a post-Cabinet press briefing, as questions centered on...

Venezuela could technically return to oil production of three million barrels per day (mbpd), but only around 2040 and only with sustained and large-scale investment, according to new analysis by Rystad Energy. Recent geopolitical developments and growing speculation about potential...

Guyana’s population is approaching the one-million mark after a decade of rapid growth, according to preliminary census data that show the country’s demographic expansion accelerating alongside a period of strong economic performance. Guyana’s population stood at 878,674 in September 2022,...

Trinidad and Tobago’s Cabinet is expected to consider recommendations on restarting the Petrotrin refinery after the Ministry of Energy and Energy Industries completed its review of a recently submitted committee report. Energy Minister Roodal Moonilal gave the update on January...

Venezuela could raise oil production by 200,000 to 300,000 barrels per day (b/d) in the coming months if upstream investment resumes under the right conditions, according to a January 6 report by Wood Mackenzie, a global research and consultancy...

Touchstone Exploration is seeking a strategic partner to participate in drilling up to six high-impact onshore Cretaceous exploration prospects across the Central Range and Southern basins of Trinidad and Tobago. The opportunity is being advanced through Touchstone Exploration (Trinidad) Ltd....