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Avalon Gold Exploration Inc. has completed a Preliminary Economic Assessment (PEA) for the Omai Gold Project in Guyana, outlining a potential GY$300 billion (US$1.44 billion) investment and a large-scale mining operation that could directly employ about 900 people over...

Guyana President Irfaan Ali said Tuesday that Guyana is now entitled to 39.8% of all crude oil produced from the Stabroek Block, up from 12.5% since production began in December 2019. This means Guyana's entitlement is the largest share...

A gas pipeline to Berbice could provide the fuel needed to develop industries that do not currently exist in Guyana, as the government looks to expand natural gas use beyond power generation. This is according to Bobby Gossai Jnr., Senior...

The likelihood of an oil spill occurring in Guyana is considered low, but if one does occur, the response will be governed by a national command structure that assigns specific responsibilities to the government agencies involved. The Oil Pollution Prevention,...

Petrobras is preparing to drill four wells in Rio de Janeiro as it moves ahead with a pilot project to test carbon capture and storage (CCS) in a saline reservoir. The São Tomé CCS Pilot Project will be the first...

The Errea Wittu floating production storage and offloading vessel (FPSO) is set to arrive in Guyana this week, President Irfaan Ali just announced.  Constructed by MODEC, the vessel is set to start production before the end of 2026. Designed to develop...

Guyana is developing new health, safety and labor regulations for the oil and gas sector as the country works to strengthen protections for workers and the environment, according to Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby...

Liquefied natural gas (LNG) imports across Latin America and the Caribbean rose 15% in July to their highest level in a year, with seasonal demand in Argentina and Honduras’ first-ever LNG imports driving the increase, according to S&P Global...

Guyana expects 309 million-barrel cargoes of crude oil to be produced and exported from the Stabroek Block in 2026. But when a tanker arrives to collect roughly one million barrels from one of the floating production vessels offshore, how is...

Guyana’s Natural Resource Fund (NRF) received approximately US$343.4 million (GY$71.62 billion) in oil revenues in July 2026, equivalent to more than US$11 million (GY$2.30 billion) per day. The July inflows comprised approximately US$232.2 million (GY$48.42 billion) from the sale of...