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...
Local Content Secretariat gets $50M as gov’t preps for review of Local Content Act
A total of $50 million which was allocated in the 2023 budget for the Local Content Secretariat, previously financed by...
First Lady is ‘godmother’ of third oil platform as production set to ramp up this year
By Neil Marks in Singapore First Lady Arya Ali has been designated “godmother” of Prosperity, the third oil platform that...
CNOOC Petroleum Guyana launches $10M UG Scholarship Fund for Indigenous and hinterland students
CNOOC Petroleum Guyana Limited (CPGL) on Wednesday presented a financial contribution to the University of Guyana (UG) to support education...
New ‘Fangtooth’ oil find has potential to ‘underpin future oil development’ – Hess Corp.
United States oil giant Hess Corporation on Wednesday announced that another oil find was recorded in the prolific Stabroek Block...
Guyana in talks with Qatar, UK, UAE and India on oil blocks
(Reuters) -Guyana is in talks with Qatar, Britain, the United Arab Emirates and India on the possibility of directly allocating...
Majority of US$3.7B Hess budget for oil projects in Guyana, US basin
United States (US) oil giant Hess Corporation plans to spend some US$3.7 billion on exploration and production in 2023 and...
CGX starts drilling Wei-1 well offshore Guyana
(Offshore Magazine)— CGX Energy Inc. and Frontera Energy Corp., joint venture (JV) partners in the petroleum prospecting license for the...
‘Let’s move together’- Trinidad eyes natural gas from Guyana, other Caribbean nations
By Vishani Ragobeer Vishani@newsroom.gy A new partnership among Trinidad and Tobago (T&T), Guyana and the other gas-producing nations in the...
‘No big scientific analysis needed’ – President Ali says long future for oil & natural gas in Caribbean
By Vishani Ragobeer Vishani@newsroom.gy Guyana’s President Dr. Irfaan Ali has contended that oil and natural gas, both non-renewable sources of...
Gov’t gets nine proposals for Berbice oil refinery
Finance Minister Dr. Ashni Singh announced on Monday that nine proposals were submitted to the government for the design, financing...
India to send Guyana proposal for long term purchase of oil
India has long been interested in a long term agreement for the supply of Guyana’s oil and President Dr. Irfaan...
Indian, European oil firms evaluating bids for Guyana blocks
(Reuters) Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe,...
BUDGET 2023: With focus on cheaper electricity, $43.3B for works at gas-to-energy project
The Wales Gas-to-Energy project, touted as one of Guyana’s most transformational projects, will advance as the government budgeted $43.4 billion...
BUDGET 2023: Guyana earned over US$1B from 13 of 102 oil lifts last year
Finance Minister Dr. Ashni Singh says oil ships operating offshore Guyana produced 102 lifts of one million barrels of crude...
CNOOC Petroleum Guyana starts Medical Assistance Fund with Chinese Medical Brigade
CNOOC Petroleum Guyana Limited (CPGL) has started a medical assistance fund with a donation of GYD $2,000,000 on Friday to...
Exxon seeking approval for sixth project in prolific Stabroek Block
Esso Exploration and Production Guyana Limited (EEPGL), ExxonMobil’s local subsidiary, is seeking approval from Guyana’s Environmental Protection Agency (EPA) for...
Gov’t sets up special purpose company to manage gas-to-energy project
A new special purpose company, named the Guyana Power and Gas Incorporated, has been up by the Government of Guyana...
President Ali invites Chinese to bid for oil blocks
Guyana is auctioning off some 14 new oil blocks this year and President Dr. Irfaan Ali has called on Chinese...
