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Several seismic surveys are underway or planned offshore Guyana, as companies and the government gather new subsurface data to guide exploration in the country’s Exclusive Economic Zone (EEZ).  These programs target both shallow-water and ultra-deepwater acreage and are designed to...

Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ), stating that the activity falls fully within its sovereign rights. The Ministry of Foreign Affairs and International Cooperation issued its response...

French supermajor TotalEnergies has started production at its Lapa South-West development in the Santos Basin, 300 kilometers offshore Brazil. The company announced on March 11 that the project adds  25,000 barrels per day to output from the Lapa field. TotalEnergies...

The Institute of Private Enterprise Development (IPED) has launched a new invoice financing loan product aimed at providing short-term working capital to businesses operating in Guyana’s oil and gas sector and other productive industries. The facility is designed to support...

ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Yellowtail Project’s YT_2P01 drill center in the Stabroek Block offshore Guyana, according to a notice released March 7 by the Maritime Administration Department (MARAD). The operations are taking place in...

Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding...

Global offshore rig activity remained steady at the start of 2026, with several new drilling contracts awarded, including a major fixture offshore Trinidad and Tobago. In a March 11 LinkedIn update, Westwood Global Energy Group said the offshore rig market...

PARAMARIBO, SURINAME – As offshore oil development moves closer to production, Suriname’s government is outlining a longer-term economic vision aimed at ensuring oil revenues translate into broader national development. In an interview with the Communications Service Suriname on February 26,...

Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at Wales, according to tender opening results released last week. The proposals were invited by the Government of Guyana through the Office...

Chevron Chief Executive Officer Mike Wirth says Guyana has experienced an “extraordinary” rise as a global energy producer, outlining the country’s rapid emergence as a major source of new oil discoveries. In a March 10 LinkedIn post reflecting on his...