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...
Jagdeo confirms gov’t likely to fund natural gas and power plants
Vice President Dr. Bharrat Jagdeo, during a press conference on Wednesday, confirmed that the government is likely to fund both...
Oil companies, not citizens, incur debts – Jagdeo
By Vishani Ragobeer Vishani@newsroom.gy Vice President Dr. Bharrat Jagdeo has rejected assertions that Guyanese owe oil companies millions of dollars...
ExxonMobil rakes in $132 billion in Guyana profits
By Vishani Ragobeer Vishani@newsroom.gy After about two decades of operating in Guyana, ExxonMobil, through its local affiliate Esso Exploration and...
Guyana expects US$120M from sale of oil this week
By Vishani Ragobeer Vishani@newsroom.gy The Government of Guyana is expecting its second lift of one million barrels of oil from...
Oil prices rise as tight supply counters China COVID, recession worries
LONDON, June 14 (Reuters) – Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would...
Brazil’s Bolsonaro touts potential of oil & gas partnership with Guyana, Suriname
By Vishani Ragobeer in Los Angeles Vishani@newsroom.gy Brazil’s President Jair Bolsanaro boasts of his country’s natural resource prowess but has...
Guyana still expects a near double growth rate as other countries brace for downturn
Countries around the world have been warned to brace for a looming, significant economic downturn but Guyana is still expected...
Guyana ready for possible oil spill after year-long joint tactical operation
The Civil Defence Commission (CDC) on Monday hosted a ‘close out’ event, culminating a year of training, workshops, assessment projects...
Increased flaring fine, financial assurance set out in renewed Liza 1 permit
The Environmental Protection Agency (EPA) has renewed the environmental permit for ExxonMobil’s operations in the Liza Phase 1 project in...
Gov’t will consider support for national oil company only if Guyana gets more revenue – Jagdeo
As the government prepares for an auction of more oil blocks in September 2022, the establishment of a National Oil...
Gov’t unhappy foreign companies still ‘short-changing Guyanese’ – Bharrat warns of penalties soon
By Kurt Campbell Kurt@newsroom.gy Five months after the passage of the historic local content legislation, the government continues to express...
New company to conduct environmental assessment for Exxon’s Uaru project
Acorn International, a US-based environmental and social risk management consultancy, has been selected to independently study the potential risks of...
CONTRACT SIGNED: Local companies to complete Exxon’s US$9B cost recovery audits by September
Three local companies, having formed a consortium, on Tuesday signed a contract with the Ministry of Natural Resources to conduct...
Exxon hopes to install spares, avoid flaring woes at Uaru project
ExxonMobil hopes to gain environmental approval for oil production at the Uaru field and ahead of that approval, the company...
Guyana could earn US$200B from oil by 2050- Energy Expert
The Guyana government could rake in about US$200 billion (or nearly GY$42 trillion) in revenues by 2050, largely due to...
Suriname eyes massive gas export market, large projects with Guyana’s help
By Vishani Ragobeer Vishani@newsroom.gy Suriname is hoping to harness its oil and gas resources to fuel its long term development...
Gov’t may execute both natural gas & power plants at Wales – Exxon official
The Government of Guyana is in discussion with ExxonMobil’s local affiliate on potentially executing and operating both the natural gas...
Exxon plans to build new offloading facility, road on west bank of Demerara River
By Vishani Ragobeer Vishani@newsroom.gy A new offloading facility and heavy haul road are among the supporting infrastructure ExxonMobil expects to...
