Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer Paul Baay stated, “In 2024, Touchstone maintained its growth trajectory, achieving record annual production and...

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day (b/d), up from 620,000 b/d in January, according to government data. Despite the increase in the...

Douglas Pferdehirt, Chief Executive Officer of TechnipFMC believes that emerging markets like Guyana, Namibia, Mozambique and Suriname, are bright spots for the offshore industry moving forward. Speaking at the Piper Sandler Energy Conference this week, the CEO said these...

Guyana’s Natural Resource Fund (NRF) received deposits totaling US$225.75 million (G$47.07 billion) in February 2025. This amount represents payments for sale of Guyana’s entitlement of crude oil from production offshore by ExxonMobil. In February, when assessed against Brent, daily price...

Several Caribbean nations with significant energy interests are heading to the polls in 2025, setting the stage for elections that could reshape the region’s energy policies.  From Guyana and Trinidad and Tobago to Suriname, voters will decide on leaders who...

The following is an opinion editorial by Shikema Dey, Research and Content Developer at OilNOW, and a seasoned Journalist in the Oil and Gas Industry Guyana cannot be bullied. We do not take well to demands, particularly from leaders...

At the 5th Annual Women & Girls Summit women leaders from across Guyana called for decisive action to close the gender gap, promote financial empowerment, and embrace technological innovation. The event brought together policymakers, entrepreneurs, and young women committed...

See statement from Guyana's Ministry of Natural Resources:  The Ministry of Natural Resources takes this opportunity to address the latest fabrications published by Glenn Lall on March 16 in Kaieteur News under the headline "Disasters of the Oil Industry Unfolding...

Chevron Corporation has reinforced its commitment to acquiring Hess Corporation by purchasing 15.38 million shares of Hess’ common stock in open market transactions between January and March 2025. The purchase, conducted at prevailing market prices, was disclosed in a...

ExxonMobil Guyana is on track to ramp up its capacity to produce oil, condensate and gas at almost 2.2 million barrels of oil equivalent per day (boe/d). This includes oil production capacity of approximately 1.62 million b/d, condensate production...