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$3.25BGuyana’s Natural Resource Fund (NRF) recorded inflows of more than US$2.4 billion in 2025, driven by increased crude oil production...
Oil Blocks Auction: Gov’t expects to sign at least four agreements this yearThe government expects to close and sign agreements for at least four oil blocks this year, according to a statement...
Guyana could lead new global oil producers’ group Guyana has been invited to lead a global group of the world’s newest oil-producing countries, Natural Resources Minister Vickram Bharrat...
Second gas project, deepwater port ‘must happen’ in next term – President President Dr. Irfaan Ali said a second gas-to-energy project and the construction of a deepwater port must be completed within...
‘An investment for decades’ – Landmark US$300M Vreed-en-Hoop shore base opensThe landmark US$300 million Vreed-en-Hoop shore base facility was officially opened on Saturday, a move that Guyana’s President Dr. Irfaan...
Leading Mexican oil & gas company supporting Guyana Energy ConferenceSee below full Press Release from the Guyana Energy Conference & Supply Chain Expo: The Guyana Energy Conference and Supply...
Afreximbank is major sponsor of Guyana Energy ConferenceThe Guyana Energy Conference and Supply Chain Expo (GECSCE) scheduled to be held from February 18th to 21st, 2025 is...
Dr. Ramsaroop urges local content in construction of 5th FPSOChief Investment Officer of the Guyana Office for Investment (GoInvest), Dr. Peter Ramsaroop, recently met with Takeshi Kanamori, President and...
BUDGET 2025: US$2.5 billion can be transferred from oil fund to support nat’l developmentGuyana is set to receive a significant boost in 2025, with an estimated US$2.5 billion that can be transferred from...
BUDGET 2025: $88B to transform energy sector, reduce electricity costs this yearThe Government of Guyana has earmarked $88 billion for its energy sector in 2025, aiming to address longstanding issues of...
Gov’t pushes to reduce payment period for local petroleum contractors to 30 daysThe government is working to improve the payment period for local contractors in the oil and gas sector, Minister of...
Guyana recorded 225 oil lifts in 2024A total of 225 oil lifts from the Stabroek Block were recorded in 2024, with 28 of these going to...
Exxon signals weaker performance across the board to hurt Q4 profits(Reuters) – Exxon Mobil signalled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would...
US EXIM Bank Chair to visit Guyana from ThursdaySee below the full release from the US Embassy in Georgetown: Export-Import Bank of the United States (EXIM) President and...
Energy efficiency workshop held to help drive low-emission futureA half-day sensitization workshop aimed at advancing energy efficiency standards and labelling in Guyana was held on Wednesday at Cara...
Guyana Energy Conference opens media registration for 2025 event See below the full release from the Guyana Energy Conference and Supply Chain Expo: The Guyana Energy Conference and Supply...
US EXIM Bank loan shows growing confidence, deepening Guyana/ America relationship- AmChamSee below the full release from AmCham Guyana: AmCham Guyana applauds the historic approval of a $527 million loan from...
‘Significant milestone’ – PSC welcomes US EXIM Bank loan approvalSee below the full release from the Private Sector Commission of Guyana: The Private Sector Commission (PSC) of Guyana commends...
‘AFC’s lies easily debunked’ – Jagdeo says as US EXIM Bank loan approvedThe United States Export-Import (EXIM) Bank this week approved a US$526 million loan for Guyana’s Gas-to-Energy project, a move Vice...
