The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain.
The update was provided by...
A February 4 analysis published by Forbes magazine has pointed to Guyana’s stable and predictable contractual framework as a central reason the country has surged ahead of Venezuela in South America’s oil sector.
The article, written by Senior Contributor Robert...
ExxonMobil Guyana Limited plans to establish a services agreement for offshore geotechnical investigations and environmental baseline surveys in Guyana’s deepwater acreage.
The operator is seeking suppliers capable of delivering a full suite of geotechnical and environmental services across prospective project...
According to the recently released 2023 Extractive Industries Transparency Initiative (EITI) report, Guyana’s extractive revenues totaled US$1.97 billion (approx. GY409.26 billion), with the oil and gas sector accounting for $1.879 billion (GY$391.05 billion) or 95.6%.
This represents an increase of...
Geophysical and seismic surveying will continue for the remainder of 2026 in Guyana’s Stabroek Block, up until December 31.
According to a notice from the Maritime Administration Department (MARAD) on February 2, the operation will involve the SV Fugro Brasilis....
Dear Editor,
I listened to the budget presentation where the Finance Minister projected that Guyana’s economy will grow by 16.2% this year, driven largely by oil and gas. It was another reminder of just how dramatically our country has changed...
Guyana’s Natural Resource Fund (NRF), which receives billions of dollars a year from offshore oil production, is governed by a statutory withdrawal rule designed to smooth government spending.
The rule determines how much the government can legally transfer from the...
Subsea7 is positioning the Subsea Integration Alliance (SIA) as a core delivery model for offshore developments in Guyana, Suriname, and other deepwater regions, citing more than a decade of large-scale subsea execution under the alliance.
SIA is a global strategic...
The latest episode of ExxonMobil’s Onshore Diaries, published on January 29, features Ishwar Parbhu, a Hoist Operator and Rescue Swimmer with Omni Helicopters. In that episode, he shared what propelled him to enter offshore search and rescue and how...
Dear Editor,
Guyana’s 2026 Budget confirms that oil and gas revenues are now a central driver of national development. With GY$495 billion (about 32% of the GY$1.558 trillion budget) transferred from the Natural Resource Fund, petroleum earnings are financing public...
Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...
