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Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal.  The conference, hosted by World Oil and Gulf...

Guyana’s Natural Resource Fund (NRF) received US$253 million (GY$53 billion) in February from the sale of the country’s share of crude produced offshore, adding to the steady flow of oil revenues that continue to build the country’s sovereign wealth...

Brent crude prices could climb as high as US$135 per barrel if the current geopolitical tensions disrupt oil supplies for several months, according to Jorge León, Head of Geopolitical Analysis at Rystad Energy. León outlined the potential price paths in...

Guyana established the Guyana Technical Training College Inc. (GTTCI) to prepare Guyanese technicians for jobs in the country’s growing oil and gas industry. The training institution delivers specialized technical education aligned with offshore petroleum operations and supports the country’s...

Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal.  The conference, organized by World Oil...

The Ministry of Natural Resources and CNOOC Petroleum Guyana Limited have opened applications for fully funded scholarships in China for 2026, adding Energy Economics to the list of programs available to Guyanese students. The scholarship opportunity, according to a public...

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...