OIL & GAS

OIL & GAS

Chevron sets 2026 capital spend, highlights focus on Guyana stake

December 5, 2025 Staff Reporter

Chevron has announced that it will invest between US$18 billion and US$19 billion in 2026, with most of the spending directed toward its U.S. operations and projects tied to its recently acquired interest in Guyana’s Stabroek Block. The company noted that this range falls at the lower end of its earlier forecast of US$18–US$21 billion […]

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OIL & GAS

South America set to lead global supply of new oil, Guyana emerging as key driver

December 3, 2025 Staff Reporter

South America is on track to become the world’s top source of new oil outside the OPEC+ group, with Rystad Energy projecting strong year-on-year growth across the decade. The forecast was outlined during a recent episode of the “Let’s Talk Energy” podcast, where Rystad vice-president Radhika Bonsal broke down the region’s expanding role in global […]

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OIL & GAS

Supertankers carry Guyana’s crude to India in face of sanctions

December 3, 2025 Staff Reporter

Indian refiners are turning to Guyana for supplies as new US restrictions on Russian oil reshape global buying patterns, prompting two supertankers to set out on a lengthy 11,000-mile journey to South Asia. Ship-tracking data show that the Very Large Crude Carriers Cobalt Nova and Olympic Lion departed Guyana in the final days of November, […]

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OIL & GAS

President Ali urges human-capital readiness as Guyana navigates ‘golden era’ of oil growth

December 1, 2025 Staff Reporter

President Dr Irfaan Ali is urging Guyana to pair its record-setting oil production with equally ambitious human-capital development, warning that the country’s transformation could be undermined without a workforce capable of keeping pace. Speaking at the Guyana Oil and Gas Energy Chamber’s Annual Awards Presentation Dinner, he emphasised that Guyana’s unprecedented economic moment—one he described […]

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OIL & GAS

President Ali announces ambitious national expansion plan amid oil-sector boom

December 1, 2025 Staff Reporter

President Dr Irfaan Ali has announced that Guyana is entering a decisive phase of national development, driven by disciplined management of its rapidly growing oil sector and the rollout of a transformative economic strategy. Addressing private-sector leaders, diplomats, policymakers, and industry executives on Friday evening at the Guyana Oil and Gas Energy Chamber’s Annual Awards […]

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OIL & GAS

Guyana’s oil output set for major leap as production climbs toward 930,000 barrels per day -Pres Ali

December 1, 2025 Staff Reporter

Guyana is preparing for another major jump in oil production, with output moving from roughly 650,000 barrels per day at the start of 2025 to 930,000 barrels per day by year-end, marking one of the most rapid expansions in the global petroleum industry. The update came as President Dr. Mohamed Irfaan Ali reflected on the […]

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OIL & GAS

Pres. Ali – Guyana to ‘break every record’ with rapid gas-to-shore Berbice pipeline by 2030

November 28, 2025 Staff Reporter

President Dr Mohamed Irfaan Ali has announced that Guyana will soon commence one of the world’s fastest gas-to-shore projects. The government aims to have a second major gas pipeline ready by 2030 to support the country’s industrial growth, particularly the significant development happening in Berbice. Speaking at a reception hosted for visiting UK Parliamentarian Paulette […]

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OIL & GAS

Guyana now leads the world in oil production per capita

November 24, 2025 Staff Reporter

Guyana has reached a historic milestone, officially becoming the world’s largest oil producer per capita after national output climbed to 900,000 barrels per day on November 12, 2025. With a population of about 750,000, the country’s oil production now works out to more than one barrel per person each day, a ratio unmatched anywhere else […]

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OIL & GAS

MONR rejects Kaieteur News article

November 24, 2025 Staff Reporter

The Ministry of Natural Resources has rejected a Kaieteur News article published on November 21, 2025, which claimed that the new petroleum agreement for Block S4 leaves a loophole allowing TotalEnergies, Qatar Energy and Petronas to recover royalty payments owed to Guyana. According to the Ministry, this conclusion is “inaccurate and uninformed,” since royalties are […]

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OIL & GAS

Guyana’s Oil Heads to China as First Golden Arrowhead Cargo Sets Sail

November 20, 2025 Staff Reporter

Guyana’s newest crude grade, Golden Arrowhead, is now on its way to China, marking a significant shift in the destination of the country’s oil exports as production from the Stabroek Block continues to grow at a rapid pace.Oil analytics firm OilX has confirmed that a Very Large Crude Carrier (VLCC), the Sophia VLCC, has departed […]

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