The Guyana government can legally withdraw about US$2.37 billion (GY$495 billion) from its oil fund in 2026 to support its national budget, a slight decline from the amount available last year, after lower oil revenues flowed into the account...
Guyana received about US$2.47 billion (GY$515 billion) in revenues from the oil sector in 2025, according to an examination of 15 Natural Resource Fund (NRF) reports for the year. That total marks a decline from US$2.57 billion earned in...
ExxonMobil Guyana Limited (EMGL) will continue autonomous underwater vehicle (AUV) survey operations at the Haimara Field in the Stabroek Block offshore, according to a Notice to Mariners issued by the Maritime Administration Department (MARAD).
The notice said the activity began...
ExxonMobil Guyana Limited (EMGL) is scheduled to conclude drilling operations at a Yellowtail development well offshore Guyana on February 28, 2026, according to a Notice to Mariners issued by the Maritime Administration Department (MARAD).
The notice stated that developmental drilling...
Dear Editor,
Commentary surrounding Guyana’s oil and gas sector has continued into the new year. I refer to the article published in Kaieteur News on January 13 titled “Liza One & Two on track to dry up in three years”.
A...
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 is preparing for its next major step in offshore oil production with the Uaru development, ExxonMobil’s upcoming project in the Stabroek Block.
Rather than opening a new frontier, Uaru deepens production in an already proven basin. The project is...
Exxon Mobil has cautioned that any return to Venezuela’s oil sector will depend on major legal reforms and a detailed technical assessment of the country’s assets.
Exxon’s Chairman and Chief Executive Officer, Darren Wood, has stressed that the country remains...
Guyana is emerging as one of the world’s most strategically positioned oil producers. Expanding offshore reserves and easing geopolitical pressures are strengthening its position as a long-term energy powerhouse, according to Canadian energy strategist Steven Rowles.
Speaking on BNN Bloomberg...
Chevron is positioning itself for rapid growth in Venezuela as the United States signals support for renewed investment following the country’s political transition, with US President Donald Trump urging major oil companies to pour US$100 billion into expanding Venezuelan...
