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...
10% royalty and lower cost recovery among new terms for oil blocks soon to be auctioned
With the highly anticipated bidding for oil blocks expected to commence soon, Vice President Dr. Bharrat Jagdeo on Thursday announced...
Over 350 Local Content Certificates issued
See the full statement from the Ministry of Natural Resources below: Since coming into operation in January 2022, Guyana’s local...
Gov’t endorses Stabroek Block operator’s local content Master Plan
The Ministry of Natural Resources continues to judiciously manage Guyana’s oil and gas sector so that benefits may be derived...
With new discoveries, oil production to exceed 1 million barrels per day by 2030
See below the full statement from the Ministry of Natural Resources The Ministry of Natural Resources on behalf of the...
Two more oil discoveries; more than 30 discoveries in Stabroek block since 2015
IRVING, Texas – ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana,...
Some oil blocks will be reserved for future gov’t partnerships – Pres. Ali
As Guyana prepares to auction its remaining oil blocks this year, President Dr. Irfaan Ali announced that some of those...
Gov’t formally invites proposals for oil refinery here by 2025
The Government of Guyana, through the Ministry of Natural Resources, has invited proposals for the private construction of a local...
CNOOC Petroleum Guyana opens head office in Georgetown
CNOOC Petroleum Guyana Limited (CPGL), which holds a 25% working interest in the giant oilfields of the Stabroek Block with...
GOGEC and Nigerian Petroleum Association – PETAN Signs MOU
The Guyana Oil and Gas Energy Chamber – GOGEC has signed a Memorandum of Understanding with the Petroleum Technology Association...
Qatar eyes Guyana’s oil blocks, more energy cooperation
As Guyana prepares to auction its remaining oil blocks this year, Minister of State for Energy Affairs of the State...
Guyana Shore Base gets $10M loan from Trinidad Merchant Bank to expand services to oil sector
The Guyana Shorebase Inc., has signed an agreement with the NCB Merchant Bank (Trinidad and Tobago) Ltd, a subsidiary of...
Wales Gas-to-energy project: Fuelling Guyana’s transition?
By Vishani Ragobeer Vishani@newsroom.gy Guyana is pursuing several ambitious goals at once. The country wants to lower the exorbitant cost...
Guyana’s oil a ‘boon’ for the world amidst demand for replacements
Countries across the world are seeking replacements for Russian oil, in light of that country’s ongoing invasion of Ukraine and...
Trinidad body distances itself from comments made by director
The Trinidad and Tobago Coalition of Services Industries (TTCSI) has distanced itself from seemingly threatening comments made by one of...
Guyana’s oil economy to double this year, economic growth nears 60% – IMF
Oil production offshore Guyana increased significantly this year and the International Monetary Fund (IMF) projects that the local oil economy...
MARAD working with Chile to improve security at ports
In addressing port security in Guyana, Minister of Public Works Juan Edghill has said regulations, training and enhanced inspections of...
Gov’t invites bids to market Liza crude
See the full statement from the Ministry of Natural Resources below: In keeping with a commitment made to launch bids...
Gov’t reaffirms new model PSA will accrue more economic benefits for Guyana
There will be a new Production Sharing Agreement (PSA) for new oil activities offshore Guyana, including the upcoming oil blocks’...
