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...
Exxon cleared to drill massive 35-well campaign offshore
Esso Exploration and Production Guyana Limited (EEPGL), ExxonMobil’s local subsidiary, has been cleared to conduct a 35-well exploration and appraisal...
OPEC woos Guyana, tiny nation that sits atop massive oil field
(Wall Street Journal) Thanks to a transformational oil find, this tiny nation has built ties in recent years with the...
CARICOM deliberating on how ‘local content’ can be supported
The Caribbean Community (CARICOM) is exploring how local content provisions, be it laws or policies, can be supported within the...
SBM Offshore to spend US$37M with local vendors this year
On June 23, SBM Offshore Guyana engaged 70 representatives of local businesses at its Vendor Day. This event is one...
Insurance guarantee case: AG makes case for State to join proceedings
By Vishani Ragobeer Vishani@newsroom.gy As the appeal to the landmark High Court ruling ordering ExxonMobil’s Guyana subsidiary to provide an...
Caribbean’s energy needs can push regional cooperation- Foreign Secretary
At the opening session of the Suriname Energy Oil and Gas Summit (SEOGS), strong statements of regional cooperation were made...
Stiff penalties for violations, requirements to supply Guyana with oil if needed among proposals in new petroleum bill
The Government of Guyana late Monday night released a draft Petroleum Activities Bill which will, if passed in the National...
Gov’t releases new Petroleum Bill, invites feedback from public
The Ministry of Natural Resources, on behalf of the Government of Guyana, announces the release of the draft Petroleum Activities...
Exxon has ‘plenty cash’ to pay suppliers within specified timeframe – Company official
Esso Exploration and Production Guyana Limited (EEPGL), ExxonMobil’s local subsidiary, has enough cash in local bank accounts and through arrangements...
Draft Petroleum Bill to be released next week; Gov’t inches closer to finalising new oil contracts
The draft of Guyana’s new Petroleum Bill will be released next Monday, allowing for a period of public consultations, Vice...
ExxonMobil’s profit in Guyana soars to $577 billion in 2022
ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL), raked in GY$577.7 billion in profits from its operations here...
Exxon lodges US$2B insurance guarantee pending outcome of appeal
ExxonMobil’s local subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has lodged a US$2 billion insurance guarantee with the country’s...
Company undertaking gas-to-energy project seeking goods & services from local suppliers
The United States (US) consortium, Lindsayca/CH4 (LNDCH4) undertaking the Wales gas-to-energy project is seeking goods and services from local suppliers...
Appeal Court grants stay of order for Esso Exploration to provide unlimited insurance
By Kurt Campbell Kurt@newsroom.gy Appeal Court Judge, Rishi Persaud, on Thursday issued a stay against the order handed down by...
EPA issues enforcement notice to Esso as lawyers argue to reverse High Court judgement
By Kurt Campbell Kurt@newsroom.gy Guyana’s Environmental Protection Agency (EPA) has issued an Enforcement Notice directing ExxonMobil’s local subsidiary to provide...
Another 13 Local Content plans approved
The Ministry of Natural Resources on Monday announced the approval of thirteen additional Local Content Annual Plans for the reporting...
Jagdeo says ‘no changing of fiscal terms’ in new oil contract
The government has received a number of responses from oil companies to its draft model Production Sharing Agreements (PSA) and...
ExxonMobil says financial performance strong, to release first time annual report in June
ExxonMobil Guyana says its financial performance continues to be strong with record production recorded in the first part of the...
