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ExxonMobil Guyana Limited has issued a request for information to identify suppliers capable of providing network services for its offshore drilling operations in Guyana. The company plans to enter into a service agreement covering the provision of comprehensive network solutions...

Budget projections released by the Finance Ministry show that the Guyana government plans to sharply increase the amount of money it withdraws each year from its oil fund, with annual outflows projected to rise to about US$4.3 billion by...

A vote in France’s Senate could ultimately reshape the competitive and geological landscape of the Guyana-Suriname Basin, with potential implications for both Guyana’s Stabroek-led production story and Suriname’s emerging offshore push.  On January 29, the Senate adopted a member’s bill...

The Government of Guyana submitted its 2023 Extractive Industries Transparency Initiative (EITI) report in December 2025. According to the country’s natural resource minister, preparations are well underway for the 2024 submission. In his budget presentation this week, Minister of Natural...

ExxonMobil Guyana Limited (EMGL) has completed the US$2.32 billion purchase of the ONE GUYANA floating production, storage and offloading (FPSO) vessel that has been pivotal in Guyana’s offshore oil production. The acquisition allows ExxonMobil Guyana to assume full ownership of...

Guyana is projected receive over US$2.4 billion in deposits to the Natural Resource Fund (NRF) in 2026, driven by rising oil production and the startup of the Errea Wittu floating production, storage and offloading (FPSO) vessel. This was disclosed by...

The subsea scope for TotalEnergies’ GranMorgu development offshore Suriname is more than twice the size of ExxonMobil’s Yellowtail project in Guyana, according to the Guyana and Suriname Country Manager of Subsea7, Michael Gow. The comparison was made during a recent...

Brazil and Guyana will continue to anchor global growth in floating production, storage and offloading (FPSO) vessel deployments, according to a January whitepaper by Norway-based Rystad Energy. “Petrobras and ExxonMobil will remain the region’s key players, leading the way in...

Data collected from new 3D marine seismic surveys across deepwater offshore blocks left unawarded or unresolved in Guyana’s first oil and gas auction will soon play a key role in establishing the country’s first Petroleum Data Repository. The Guyana government...

Guyana’s offshore oil production depends on floating production, storage and offloading (FPSO) vessels. These vessels are designed to handle large volumes of oil and associated gas while operating efficiently and keeping emissions as low as possible. Production in the Stabroek...