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Guyana’s Gas-to-Energy project includes a gas sales agreement between the government and the Stabroek Block co-venturers, while government officials have described the natural gas to be transported to shore as “free.” The distinction here lies in what the payments under...

Brazilian oil company Petrobras recorded multiple production and refining milestones in the first quarter of 2026, driven by output from its pre-salt fields and high refinery utilization, according to a statement released on May 11. “In the first quarter of...

ExxonMobil says it has been unable to explore parts of Guyana’s Stabroek Block because of the ongoing border controversy with Venezuela, which has restricted access to acreage in the northern section of the offshore concession. Craig Kelly, Senior Director for...

Oil and gas production from Guyana and the United States’ Permian Basin becomes increasingly important during disruptions to Middle East energy supplies, ExxonMobil Vice President of Exploration John Ardill told Reuters on May 5. Speaking on the sidelines of the...

MODEC reported a 78.2% increase in profit for the first quarter of 2026, supported by steady progress on floating production, storage and offloading vessel projects and continued demand for ultra-deepwater oil and gas developments. The company released its financial results...

U.S. Congresswoman María Elvira Salazar on Tuesday praised Guyana’s management of its oil revenues while criticizing Venezuela’s government amid ongoing tensions between the two South American nations over the Essequibo controversy. In a post on X, formerly Twitter, Salazar accused...

HOUSTON, TEXAS – The Society of Petroleum Engineers (SPE) International is looking to deepen its support for Guyana’s workforce development efforts as the country expands technical training for the oil and gas sector. Susan Howes, incoming President of SPE, raised...

TechnipFMC announced on Tuesday that it has completed what it says is the first fully remote well-to-well frac transition on a Delaware Basin pad for a major Permian operator, using a remote operations center to control the operation. A well-to-well...

The International Court of Justice (ICJ) is the United Nations’ top court for cases between states, and it now sits at the center of the long-running border case between Guyana and Venezuela over the Essequibo region. Based in The Hague,...

HOUSTON, TEXAS - President of the Georgetown Chamber of Commerce and Industry (GCCI), Kathy Smith, is cautioning against extending local content controls beyond Guyana’s oil and gas sector, saying broader private investment should remain open and competitive. Smith made the...