Dec 18, 2025
2 min read
BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction
Woodside Energy and Chevron were the top winners on Wednesday at the US government’s first sale of oil and gas drilling rights in the Gulf…
Oil & Gas
Brazil, Guyana and Argentina drive non-OPEC crude growth into 2026
Global crude oil production is forecast to rise by about 800,000 barrels per day (bpd) in 2026, with Brazil, Guyana and Argentina accounting for roughly…
Exxon boosts forecast, aims for US$25 billion earnings growth by 2030
Exxon Mobil is targeting US$25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top US oil producer said…
Guyana to sign new production deal with Cybele Energy next week
Guyana will sign a new production sharing agreement with Cybele Energy Limited next Tuesday, Minister of Natural Resources Vickram Bharrat said on Thursday, as the…
Chevron to spend up to US$19 billion next year in focus on US, Guyana oil production
Chevron said on Wednesday that capital expenditure for 2026 will be between US$18 billion and US$19 billion as the oil major focuses on production in…
China takes first cargo of Guyana’s Golden Arrowhead Crude, marking new push into Asian Market
China is preparing to receive its first shipment of Guyana’s Golden Arrowhead crude, a development that signals growing Asian interest in the country’s expanding suite…
Local participation, environmental compliance non-negotiable in new Guyana petroleum deal
Local participation, social development contributions, and compliance with environmental and safety obligations are non-negotiables in Guyana’s latest petroleum agreement. Director of the Local Content Secretariat…
QatarEnergy, TotalEnergies, PETRONAS partner in Guyana offshore Block S4
Guyana has signed a Production Sharing Agreement (PSA) for the shallow-water Block S4 offshore the country with a consortium comprising QatarEnergy (35%), TotalEnergies (40%, operator),…
Guyana part of planet’s newest oil frontier
Off Brazil’s northeastern coast, where the sediment-heavy water of the vast Amazon River tips out into the Atlantic, are two very different types of treasure.…
30 mining blocks set aside for small operators on Essequibo Coast
[caption id="attachment_17850" align="alignnone" width="640"] Minister Bharrat addresses miners and loggers at the meeting yesterday[/caption] The Guyana Geology and Mines Commission (GGMC) will soon hold a…
CGX strikes loan deal
C GX Energy Inc, a Canadian oil and gas explorer, has secured a US$2.5 million senior loan from its joint venture partner, Frontera Energy Corp, to…
T&T Prime Minister: ’We don’t need Venezuelan gas’
AMID the Venezuelan government’s proposal on October 27 to suspend all gas ties with Trinidad and Tobago, Prime Minister Kamla Persad-Bissessar has defiantly declared that…
ExxonMobil eyes domestic gas to maximise Guyana’s economic value
Liquified Natural Gas (LNG) is still on the table for discussion regarding Longtail and the monetisation of Guyana’s gas resources, President of ExxonMobil Guyana Limited,…
Indian refiners make rare purchases of Guyanese grades
Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil to be delivered at the end of 2025…
President Ali calls on private sector to turn oil revenues into jobs and commerce
President Dr. Irfaan Ali has highlighted the vital role of the private sector in translating Guyana’s oil wealth into economic opportunities and improved standards of…
Guyana Grants seventh petroleum production licence for Hammerhead development
The Government of Guyana has granted approval for the Hammerhead Field Development Plan (FDP) and issued the corresponding Petroleum Production Licence (PPL), clearing the way…