Showing results for:

Halliburton seeks suppliers for new Baroid laboratory in Guyana

Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for the procurement, construction, and commissioning of a new Baroid laboratory, as the company continues to expand its onshore footprint in the country. The EOI, published recently, invites vendors to...

Guyana’s clean energy push gets $10.7B allocation in 2026 budget

Guyana has allocated GY$10.7 billion in its 2026 budget to advance its flagship Gas-to-Energy project. This, along with efforts to further the country's gas-based power development and to resuscitate the Amaila Falls Hydropower Project, is part of the country's...

Guyanese businesses cash in millions from offshore catering, construction and engineering through Local Content – Finance Minister 

Guyana’s Local Content Act (LCA) continues to create opportunities for domestic businesses, with millions earned by Guyanese firms in offshore catering, construction, and engineering in 2025. This is according to Finance Minister, Dr. Ashni Singh.  To date, over 1,200 Guyanese...

ExxonMobil flags ICJ ruling as key trigger for work in Guyana’s force majeure acreage

ExxonMobil said a ruling from the International Court of Justice (ICJ) will be a critical trigger for advancing exploration in portions of Guyana’s Stabroek Block that remain under force majeure due to the Guyana–Venezuela border controversy. The comments were made...

Chevron says it can boost Venezuela production up to 50% in 24 months

Chevron Corp. sees the potential to increase its Venezuelan oil production by as much as 50% over the next 18-24 months, its Chief Executive Officer Mike Wirth said during the company’s earnings conference call today.  The U.S. government has been...

ExxonMobil hits highest net output in over 40 years, with Guyana driving growth

ExxonMobil announced on Friday that its net production reached the highest level in more than 40 years in 2025, with Guyana a central contributor as the company reported full-year earnings of US$28.8 billion. Net production averaged 4.7 million oil-equivalent barrels...

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...

ExxonMobil Guyana produced 892,000 b/d in December

ExxonMobil Guyana averaged 892,000 barrels per day (b/d) of crude oil production in December 2025 across its four producing developments in the Stabroek Block, according to newly released government data. Production by project was 130,000 b/d at Liza 1, 244,000...

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...

Latest News

Fact Sheet: Guyana’s Capping Stack

Guyana’s capping stack is a critical offshore oil spill response asset designed to rapidly contain a subsea well blowout,...