Panama and the Netherlands emerged as the top destinations for Guyana’s crude oil exports in the first quarter of 2025, each receiving 14 cargoes of approximately one million barrels.
This was derived using shipping data compiled from Guyana’s Maritime Administration...
Goldman Sachs has slashed its oil price forecasts, citing rising OPEC+ supply and recession risks. Reuters reported on April 4 that Brent crude is now forecasted to average US$69 per barrel in 2024, down 5.5%, while WTI is projected...
If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be reduced from 38% to 12%, OilNOW calculated.
Guyana’s Vice President Bharrat Jagdeo said on Thursday (April 3) that his government’s trade...
U.S. crude oil imports from Guyana surged to record levels in 2024, with January and February seeing the highest monthly volumes on record at 5.4 million and 6.6 million barrels, respectively. This is according to data from the U.S....
Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea structures, umbilicals, risers, and flowlines (SURF) work at the proposed Hammerhead oil field development in the Stabroek Block.
The project site...
Venezuela’s opposition has criticized the late President Hugo Chávez for abandoning the country’s territorial claim to Guyana’s Essequibo region.
“Hugo Chávez irresponsibly abandoned the active reclamation of the Essequibo for purely political reasons,” Edmundo González Urrutia, “President-Elect” of Venezuela and...
Guyana and Brazil will continue to play a dominant role in Latin America’s oil production growth by 2030, according to Norway-based energy research and business intelligence firm, Rystad Energy.
The region is set to add over four million barrels per...
Guyana on Monday received seven bids for the second phase of its landmark Gas-to-Energy project, which includes the design, construction, and operation of a 300-megawatt (MW) combined cycle power plant and a natural gas liquids (NGL) facility with a...
China’s state-owned offshore oil and gas producer CNOOC Ltd. said on Thursday (March 27) that its overseas production surged by 10.8% in 2024, driven in part by the commissioning of new projects, including the Payara development in Guyana.
In its...
The proposed tariffs on ships built in China may negatively impact Guyana and the Caribbean, a concern frequently raised with Marco Rubio, Secretary of State of the United States, during his visits to the region last week.
During a joint...
