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Guyana has submitted its 2024 Extractive Industries Transparency Initiative (EITI) report as the country prepares for its second validation under the global transparency framework. The Ministry of Natural Resources said Minister Vickram Bharrat met with the EITI Validation Team on...

Petronas’ gas discovery at the Sloanea field has strengthened Suriname’s push for more offshore natural gas exploration, Minister of Oil, Gas and Environment Patrick Brunings has said. Brunings told Platts, part of S&P Global Commodity Insights, that the discovery...

ExxonMobil Guyana is advancing a new round of offshore development and infrastructure work in the Stabroek Block, with maritime notices issued this month showing continued activity to support the country's expanding network of floating production vessels. The notices, issued by...

Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed...

Guyana’s Natural Resources Fund (NRF) has received approximately US$9.73 billion (G$2.03 trillion) in oil revenues since the country began receiving petroleum proceeds in 2020, according to Bank of Guyana reports reviewed up to April 2026. The total comprises receipts from...

SBM Offshore and Solstad Offshore have formed a joint venture to develop a next-generation multi-purpose deepwater installation and construction vessel, with delivery targeted for the first half of 2029. The companies announced on June 1 that the joint venture has...

Guyana's government said it expects the International Court of Justice (ICJ) to issue a final ruling as early as November in its territory case with Venezuela over the Essequibo region. In a statement on Friday, the government said the case...

Indian energy companies are seeking to deepen their presence in Venezuela as bilateral energy ties strengthen, following a sharp rise in crude imports from the South American producer, according to a June 5 Reuters report. India’s Oil Minister Hardeep Singh...

Guyanese suppliers seeking work with tier one oil and gas companies must meet strict safety, compliance, quality, and reliability standards, Baker Hughes Caribbean Area Director Jon Rhodes said. Rhodes made the comments at the fourth annual Local Content Summit 2026....

MODEC and Eld Energy have signed a memorandum of understanding (MOU) to develop a low-emission 1.2-megawatt power system integrated with carbon capture for future floating production, storage and offloading (FPSO) applications, according to a June 4 release. The system is...