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Minister of Natural Resources Vickram Bharrat says the government wants to work with oil and gas companies to further reduce payment delays for Guyanese suppliers, rather than immediately using legislation to force shorter timelines. Bharrat made the statement on Wednesday,...

PETRONAS is moving its Sloanea gas development through Suriname’s environmental approval process, setting out a plan that could open another major offshore production front in Block 52. The project is being advanced by PETRONAS Suriname Exploration & Production B.V. (PSEPBV),...

Oil prices fell sharply on June 18, reaching their lowest levels since the United States-Iran conflict began.  According to Reuters, the markets are reacting to a preliminary agreement between the U.S. and Iran that could restore oil flows through the...

ExxonMobil Guyana’s exploration drilling in the Stabroek Block during the first half of 2026 has focused on three publicly reported wells: Barreleye-3, Goatfish-1, and Goby-1. The campaign shows a mix of appraisal work, gas-focused exploration, and a fresh oil target...

Minister of Natural Resources Vickram Bharrat says Guyanese oil and gas workers with comparable qualifications, certification, training, and experience to expatriates should receive comparable pay. Bharrat made the statement on Wednesday, June 17, 2026, during the handover ceremony for Letters...

Guyana's government has given Ratio Petroleum Guyana seven days to outline its plans for the Kaieteur Block offshore Guyana, prompting the company to seek additional time as it continues discussions on future drilling activities. Ratio Petroleum Energy said in a...

Siemens Energy has been selected to operate and maintain Guyana’s 300-megawatt combined-cycle power plant under the Gas-to-Energy project, the Office of the Prime Minister announced on June 16.  Siemens Energy will operate and maintain the 300-megawatt power plant, the balance...

ExxonMobil says it invested US$204 million in 2025 across communities where it operates globally, with a strong focus on strengthening science, technology, engineering and mathematics (STEM) education and workforce development. The company shared the update on June 10 through its...

The Western Hemisphere, home to roughly two dozen oil-producing countries and territories, now accounts for about 32% of global crude oil output, with Guyana emerging as one of the region’s fastest-growing contributors.  According to an S&P Global analysis published June...

More than 40 companies operating in Guyana’s oil and gas sector received approval for their 2026 local content plans on Wednesday at Roraima Duke Lodge, Kingston, Georgetown. The Ministry of Natural Resources handed over the approvals during a ceremony for...