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...
Investments in Guyana’s oil could top US$60B this decade
Guyana has become an oil exploration hotspot with several commercial oil finds over the past few years and it is...
Gov’t makes first withdrawal from oil fund
The Government of Guyana has withdrawn US$200 million (or GY $41.7 billion) from the country’s Natural Resource Fund (NRF). This...
No drilling in Demerara Block this year; focus solely on Corentyne area – CGX
The joint venture comprising CGX Energy and Frontera Energy, which has been searching for oil offshore Guyana, has no plans...
More oil finds possible as Canadian companies eye new exploration area
By Vishani Ragobeer Vishani@newsroom.gy Canadian companies CGX Energy and Frontera have said that the results from the Kawa-1 well, drilled...
US$1.6M pumped into Berbice Deep water port this year
Over the first three months of this year, CGX Energy invested some US $1.6 million (or GY $334.8 million) to...
With possibility of more gas discoveries, gov’t mulls second pipeline
As local authorities move ahead with plans to develop a 135-mile pipeline that would bring natural gas onshore to fire...
Cost of producing oil in Guyana is lowest in the world – Foreign Secretary
Foreign Secretary Robert Persaud says that the cost of producing oil in Guyana is the lowest in the world and...
Exxon expects more money with ramped up production in Guyana, Permian basin
ExxonMobil on Friday reported that its profits in the first quarter of this year doubled when compared to the same...
GY$150B in Guyana’s oil fund
Since March 2020, Guyana has accumulated more than US $719 million, or about GY $150 billion in the Natural Resource...
More Guyanese needed for leadership positions, not just cleaners/handymen – Foreign Secretary
Preliminary assessments suggest that Guyana may need about an additional 100,000 skilled workers and the country’s Foreign Secretary Robert Persaud...
UK eyes Guyana’s oil supply in wake of Ukraine/ Russia fallout
By Vishani Ragobeer Vishani@newsroom.gy President Dr. Irfaan Ali met with the Prime of the United Kingdom (UK) Boris Johnson on...
Hess expects another 23 lifts of one-million barrels of oil from Guyana this year
With two oil ships operating in the prolific Stabroek Block offshore Guyana, Hess Corporation expects that there will be another...
Exxon’s third project offshore Guyana set for early startup
The Payara development project, which is located offshore Guyana in the prolific Stabroek Block, is expected to start in late...
‘Guyana’s growing legacy as an oil producer will help realise higher standard of living’ – Bharrat
ExxonMobil on Tuesday announced three new oil discoveries in the Stabroek Block offshore Guyana and Natural Resources Minister Vickram Bharrat...
Three more oil discoveries in Stabroek Block; oil resources near 11 billion barrels
ExxonMobil has made three new discoveries of oil in the Stabroek Block offshore Guyana. With these discoveries, Guyana’s recoverable oil...
Agri., tourism & housing key as Int’l Energy Conference back from Feb. 14 next year
The inaugural International Energy Conference and Expo, held in February this year, has been hailed as a resounding success and...
‘Think international’ – President tells local businesses, companies
President Dr Irfaan Ali charged local businesses and companies on Saturday to think about achieving international standards which would require...
Guyana expecting US$ 106M from first Liza Unity oil lift
Guyana is expected to earn some US $106 million (or GY $22 billion) from the sale of its first one...
