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U.S. oil imports from Guyana hit record high in 2024

U.S. crude oil imports from Guyana surged to record levels in 2024, with January and February seeing the highest monthly volumes on record at 5.4 million and 6.6 million barrels, respectively.  This is according to data from the U.S....

bpTT’s Cypre Project delivers first gas

bp Trinidad and Tobago (bpTT) confirmed on April 3 that its Cypre development has safely delivered its first gas. Cypre is one of bp’s 10 major projects scheduled to come online between 2025 and 2027 as part of its...

Guyana and global oil exports marked safe as US market tariffs hit other industries

By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald Trump. Trump imposed tariffs on goods entering the country’s market, with the notable exclusion of energy products like oil, gas...

Saipem secures US$720 million offshore contracts, including a major Guyana project

Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea structures, umbilicals, risers, and flowlines (SURF) work at the proposed Hammerhead oil field development in the Stabroek Block.  The project site...

Venezuela’s opposition criticizes Chavez’s handling of Essequibo claim, opposes military intervention

Venezuela’s opposition has criticized the late President Hugo Chávez for abandoning the country’s territorial claim to Guyana’s Essequibo region.  “Hugo Chávez irresponsibly abandoned the active reclamation of the Essequibo for purely political reasons,” Edmundo González Urrutia, “President-Elect” of Venezuela and...

Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great” in its 2025 economic forecast for Latin America and the Caribbean.  The ranking underscores Guyana’s exceptional economic expansion, driven by its...

More than 85% of Latin America’s new deepwater oil output will come from Guyana, Brazil – Norway firm

Guyana and Brazil will continue to play a dominant role in Latin America’s oil production growth by 2030, according to Norway-based energy research and business intelligence firm, Rystad Energy.  The region is set to add over four million barrels per...

Meet Elroy Vankennie: GYSBI’s first Guyanese QHSSE Manager 

Elroy Vankennie is the first Guyanese to hold the role of Quality Health Safety Security and Environment (QHSSE) Manager at Guyana Shore Base Inc. (GYSBI). “Being the first Guyanese in this position is an incredible honor and a proud...

Guyana receives seven bids for phase 2 of Gas-to-Energy project

Guyana on Monday received seven bids for the second phase of its landmark Gas-to-Energy project, which includes the design, construction, and operation of a 300-megawatt (MW) combined cycle power plant and a natural gas liquids (NGL) facility with a...

Letter-to-the-Editor: Guyana’s booming oil & gas sector should leverage business tourism opportunities

Dear Editor, As a public communication analyst with over a decade of experience in the tourism industry, I believe Guyana's emergence as a top global oil producer presents a significant opportunity to position the country as a premier business destination....

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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....