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Guyana gov’t can withdraw US$2.37 billion from oil fund to support 2026 budget

The Guyana government can legally withdraw about US$2.37 billion (GY$495 billion) from its oil fund in 2026 to support its national budget, a slight decline from the amount available last year, after lower oil revenues flowed into the account...

Too early to tell if US role in Venezuela will unlock western Guyana exploration – S&P Global

Guyana’s oil sector could see lower regional risk following U.S. involvement in Venezuela, but whether that translates into new exploration activity remains uncertain, according to a January 15 S&P Global analysis. The assessment comes amid the long-running Guyana–Venezuela border controversy...

Offshore exploration sparking new investment buzz across the Caribbean – Canadian Energy Strategist 

Offshore oil exploration in the Caribbean is generating renewed investor interest, with Guyana leading the surge and opportunities emerging across the region, according to Canadian energy strategist Steven Rowles. Rowles, senior portfolio manager at TriVest Wealth Counsel, Wellington-Altus Private Counsel,...

Fourth Guyana-Monaco Mousetrap Car Grand Prix competition now open for registration 

Registration is now open for the fourth annual Guyana-Monaco Mousetrap Car Grand Prix Competition 2026, according to a press statement from SBM Offshore on January 17.   The competition challenges secondary school students to create mousetrap race cars propelled by...

Cabinet review next step for Guyana’s expanded Local Content list covering 20+ new areas

Proposed amendments to Guyana’s Local Content Act are awaiting policy-level consideration, following a broad stakeholder consultation process that included ExxonMobil Guyana and major oil and gas contractors, according to Director of the Local Content Secretariat, Michael Munroe. Speaking exclusively with...

Oil should leave Suriname stronger after it’s gone – President Simons

PARAMARIBO, SURINAME – Addressing the Association of Economists in Suriname (VES) at a recent New Year’s event in Paramaribo, President Jennifer Geerlings-Simons called for disciplined economic management and long-term planning as future oil and gas revenues come into view. “Oil...

Trinidad targets local skills growth with Heritage graduate intake

Trinidad and Tobago is seeking to widen its local talent pool as Heritage Petroleum Company Limited opened applications for its 2026–2028 graduate training programme. The State-owned producer said the intake is aimed at developing nationals for roles across its onshore...

Guyana got $2.47 B from oil sector in 2025, as rising output limits impact of low prices

Guyana received about US$2.47 billion (GY$515 billion) in revenues from the oil sector in 2025, according to an examination of 15 Natural Resource Fund (NRF) reports for the year. That total marks a decline from US$2.57 billion earned in...

Major oil service companies join Suriname job portal as construction advances on first offshore development 

EnergyJobs.sr, Suriname’s first dedicated job portal for the energy sector, is seeing growing participation from major oil and gas companies as construction advances on the country’s first offshore oil development. Launched in November, the platform debuted with 437 identified roles...

Haimara AUV survey pushes ahead amid Guyana’s ambitious gas plans

ExxonMobil Guyana Limited (EMGL) will continue autonomous underwater vehicle (AUV) survey operations at the Haimara Field in the Stabroek Block offshore, according to a Notice to Mariners issued by the Maritime Administration Department (MARAD). The notice said the activity began...

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Environmental permits and production licenses serve distinct roles for oil and gas developments

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects...