Oil & Gas
ExxonMobil Guyana completes purchase of ‘One Guyana’ FPSO
ExxonMobil Guyana Ltd has completed the purchase of FPSO ONE GUYANA from SBM Offshore, finalising the transaction ahead of the unit’s maximum lease term, which was due to expire in August 2027. The completion was announced on Tuesday in Amsterdam, with SBM Offshore confirming that ExxonMobil Guyana will now assume ownership of the floating production,...
BUDGET 2026: Massive $119.4 billion allocation for continued ‘overhaul’ of energy sector
Continued investments in the Gas-to-Energy project, a major expansion of the power lines and GPL’s overall electricity grid, and more...
BUDGET 2026: With 260 lifts, oil fund closes 2025 at US$3.25B
Guyana’s Natural Resource Fund (NRF) recorded inflows of more than US$2.4 billion in 2025, driven by increased crude oil production...
Gas-to-Energy project on track for year-end completion
Work on Guyana’s landmark Gas-to-Energy (GTE) Project in Wales is steadily progressing, and it remains firmly on track for completion...
Guyana’s daily oil production hits 900,000 barrels
ExxonMobil Guyana Limited and its Stabroek block co-venturers, Hess Guyana Exploration Limited, and CNOOC Petroleum Guyana Limited, today announced that...
‘Trees will not stand while people fall’ – Guyana among the best-managed oil sectors globally — Bharrat
Minister of Natural Resources, Vickram Bharrat, on Tuesday declared that Guyana now stands among the best-managed new oil-producing nations in...
Guyana secures US$15M signing bonus as first petroleum agreement inked under new legislative framework
Guyana has officially signed its first Production Sharing Agreement (PSA) under the country’s new Petroleum Activities Act and updated fiscal...
Energy transition must be fair, not protect the rich – President Ali
As the world grapples with the escalating climate crisis, Guyana’s President Dr. Irfaan Ali has reaffirmed the need for countries...
Billions earned from profit oil, royalties in first half of 2025
Guyana received US$1.05 billion as revenue from its share of profit oil in the first six months of 2025 and...
Indian refiners make rare purchases of Guyanese grades
(Reuters) – Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil to...
Liquefied natural gas monetisation remains a priority for Guyana – Jagdeo affirms
Vice President and PPP/C General Secretary Dr. Bharrat Jagdeo clarified on Thursday that the government remains committed to monetising Guyana’s...
Exxon eyes approval for eighth project, Longtail, in 2026
The gas-rich development, Longtail, is the next project ExxonMobil and its coventurers in the Stabroek Block are seeking approval for,...
Guyana now producing about 740,000 barrels of oil daily
Guyana is producing about 740,000 barrels of oil per day from four projects in the giant Stabroek Block offshore, ExxonMobil...
Locals to trade Guyana’s crude oil eventually – President Ali
President Dr. Irfaan Ali on Thursday announced bold plans for Guyana to build its local capabilities in crude oil trading....
ExxonMobil confirms US$6.8B investment in Hammerhead Project after Gov’t approval
ExxonMobil has confirmed its final investment decision (FID) for the US$6.8 billion Hammerhead development, the seventh offshore project in...
ExxonMobil spends US$419M with Guyanese in first half of 2025
ExxonMobil Guyana and its contractors have spent over US$2.9 billion with Guyanese businesses since operations began in 2015. In the...
First gas turbine base completed for landmark Gas-to-Energy project
The first gas turbine base at the Gas-to-energy (GTE) project was completed on Tuesday, Lindsayca Guyana said. The company made...
Seven Guyanese doctors head to China for training with CNOOC support
Seven Guyanese doctors have been awarded scholarships to pursue clinical and technical training in China, as part of an exchange...
Gov’t maps out plans for fertiliser, data and glass plants at Wales
The government has mapped out plans for its flagship Wales Industrial Zone, setting aside land for a data centre, an...
Pouring of foundation Tuesday for first energy turbine of landmark Gas-to-Energy project
The foundation for the first energy turbine will be poured Tuesday, President Irfaan Ali announced Monday, signaling a major milestone...
Guyana’s oil production capacity now more than 900,000 barrels daily
August 8, 2025- ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s...
