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...
President welcomes approved US EXIM Bank loanSee below the full release from the Government of Guyana: Today at noon, His Excellency the President Dr. Mohammed Irfaan...
US EXIM Bank announces approval of US$526M loan for Guyana’s Gas-to-Energy projectSee below the full release issued by the US Embassy in Georgetown on Thursday (Dec 26): Today, the Board of...
Major milestone: Steam turbines, oil tanks arrive for Gas-to-Energy projectA major milestone has been reached in Guyana’s ambitious Gas-to-Energy project, with the arrival of two cutting-edge steam turbines and...
More than $2 billion spent on Guyanese goods, services – ExxonExxonMobil Guyana will mark five years of oil production in Guyana on December 19, a significant achievement that underscores the...
Trinidad’s Nat’l Energy Company is major partner of Guyana Energy ConferenceSee below the full release from the Guyana Energy Conference and Supply Chain Expo: The Guyana Energy Conference and Supply...
Guyana needs deepwater port, gov’t may have to co-invest in venture – JagdeoVice President Dr. Bharrat Jagdeo, in no uncertain terms, said Guyana needs a deepwater port but Thursday contended that the...
Procurement rules by oil and gas companies now under scrutiny – Dr. PertabThe Local Content Secretariat is examining the procurement guidelines being used by companies operating in Guyana’s oil and gas sector,...
Exxon withdraws from offshore Suriname oil-exploration block(Bloomberg) Exxon Mobil Corp. withdrew from an oil exploration block off the coast of Suriname, not far from where it discovered...
With ‘contingencies’ in place, Guyana’s electricity costs will be slashed in half next year – PresidentA mega Gas-to-Energy project is under development and will slash Guyana’s electricity costs in half, according to the country’s President,...
$314M invested and 4,500 locals hired in oil sector as of mid-2024 – Local Content Sec.To significantly boost local participation in the oil and gas industry, the Local Content Secretariat invested approximately $314 million in...
ExxonMobil, partners celebrate as Stabroek Block hits 500 million barrelsExxonMobil Guyana and its co-venturers, Hess and CNOOC, announced on Wednesday that they have reached a significant milestone of 500...
GPEC launches as Guyana’s first oil & gas engineering equipment providerWith a focus on hiring locals and partnering with businesses here, GPEC Energy Products Inc. has entered the Guyana market...
Three local fabricators to help build newest oil platformIn a bid to ensure opportunities are provided to locals, three Guyanese fabricators will be producing the fixtures for the...
State-of-the-art gas turbines from Sweden arrive in Guyana See below the full statement issued: LNDCH4 Guyana proudly announces the arrival of two advanced gas turbines from Sweden, marking...
Gov’t identifies firms to market Guyana’s share of crudeThe Government of Guyana (GoG), through the Ministry of Natural Resources, is pleased to announce the award of contracts, through...
Guyana’s oil helping to prevent price manipulation – US officialBy Vishani Ragobeer in La Jolla, San Diego vishani@newsroom.stagingsites.cc Oil produced in the Stabroek Block offshore the tiny South American...
Oil Blocks Auction: TotalEnergies group, three other companies accept contractsA consortium comprising TotalEnergies, Qatar Energy International and Petronas Overseas is among four companies that accepted the proposed contracts for...
Beyond oil, Greater Guyana initiative supporting education, hinterland developmentExxonMobil Guyana President Alistair Routledge recently provided an update on the Greater Guyana Initiative (GGI), highlighting its support for the...
