Oil & Gas
Appeal Court overturns decision on financial assurance dispute, rules in favour of ExxonMobil, EPA
The Court of Appeal has ruled in favour of ExxonMobil Guyana Limited and the Environmental Protection Agency (EPA), overturning a 2023 High Court judgment delivered by Justice Sandil Kissoon concerning financial assurance requirements under ExxonMobil’s offshore petroleum environmental permit. In the earlier decision, the High Court ruling had found that ExxonMobil was in breach of...
An ‘energy balance’ needed: Guyana’s Ali makes case for strategic investments globally
By Vishani Ragobeer in Houston As thousands of industry professionals gathered in Houston, Texas for the 2026 Offshore Technology Conference...
OTC 2026: President Ali leads Guyanese delegation, visit to oil refinery planned
Guyana’s President, Dr. Irfaan Ali, will lead a delegation of about 100 officials and private sector players at this year’s...
Gov’t expects more money to support economic development as Prosperity starts production
See below the full release from the Ministry of Natural Resources: The Government of Guyana is pleased to announce the...
Third FPSO starts oil production, Guyana moving towards 620,000 barrels of oil daily
The Prosperity, the third Floating Production Storage and Offloading (FPSO) vessel operating in the prolific Stabroek Block offshore Guyana, started...
With 6th withdrawal, Gov’t transfers $156B from oil fund this year
See below the full statement issued by the Government of Guyana: It would be recalled in 2021, Government amended the...
Gov’t to soon award contract for marketing Guyana’s oil
Vice President Dr. Bharrat Jagdeo says the government will soon award the contract or contracts for the entity that will...
Gov’t releases natural gas strategy for public consultations
See below full statement issued by the Ministry of Natural Resources: The Government of Guyana, through the Ministry of Natural...
Gov’t pursuing new avenue to help locals amid lengthy payment period from oil companies
President Dr. Irfaan Ali said the Government of Guyana is eyeing the development of a new fund that could help...
Chevron will be a ‘good partner’ in Guyana – Jagdeo
International oil company Chevron agreed to buy Hess Corporation – one of the oil companies with a stake in Guyana’s...
Oil auction: Company run by Guyanese women among six firms getting oil blocks
After completing the evaluation of the bids submitted for eight of 14 oil blocks, the government has finally awarded eight...
‘Significant discovery’ at Lancetfish-2 oil well
See below full statement issued by the Ministry of Natural Resources: The Ministry of Natural Resources (MNR) is pleased to...
Focus on Guyana as Chevron to buy Hess Corp for US$53B
(Reuters) Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among...
Oil Audit: Gov’t not accepting any proposed settlement from ExxonMobil
The government does not intend to engage in further post-audit negotiation on the US$214 million in questionable spending from 1999...
Jagdeo insists Gov’t not changing ‘core’ terms in new oil contract to satisfy Exxon
The government will not change any of the core fiscal terms of the new oil contracts because it believes that...
Rebranded Energy Conference returns with expanded focus
See below the full statement issued by the Guyana Energy Conference and Supply Chain Expo: Guyana’s premier Energy Conference...
Field development plan for Exxon’s sixth project submitted to Gov’t
A field development plan (FDP) for ExxonMobil’s sixth project in the Stabroek Block offshore Guyana was submitted to local authorities...
‘Good progress’ made on construction of Gas-to-Energy plant
ExxonMobil Guyana is satisfied with the early works done at the Gas-to-Energy project at Wales, West Bank Demerara and is...
ExxonMobil restates commitment to Guyana, says not scared by Venezuela
U.S. oil giant ExxonMobil is leading the current production of oil offshore Guyana with over 300, 000 barrels of crude...
Exxon Boss says arbitration last resort to resolve audit findings
President of ExxonMobil Guyana, Alistair Routledge, on Tuesday said he was “sorry” for the disciplinary action now facing the government’s...
