News

Guyana maintained the lowest gasoline prices among Caribbean Community (CARICOM) countries reviewed between July 2025 and May 2026, despite ongoing disruptions linked to the Strait of Hormuz.   According to a May 22 report from the Energy Chamber of Trinidad and...

ExxonMobil Guyana Limited is continuing development drilling at the Whiptail project’s WT_5P02 drill center in the Stabroek Block, offshore Guyana. The activity began on May 21, 2026, and is scheduled to run until July 31, 2026. The MODU Noble Tom...

Brent crude prices could approach US$200 per barrel by the end of 2026 if disruption in the Strait of Hormuz continues and no settlement between the United States and Iran is reached by September, according to a May 20...

Guyana expects all electricity generated from the first phase of its flagship Gas-to-Energy (GtE) project to be consumed domestically as demand grows alongside rapid economic expansion, President Irfaan Ali said on Friday, while outlining plans for a second phase...

Guyana President Irfaan said the government expects the International Court of Justice (ICJ) to rule in the case concerning the 1899 Arbitral Award by year end.  The President made the comment on Friday at a press conference in Georgetown, following...

Guyana’s Environmental Protection Agency (EPA) has published an expanded online group of environmental permits tied to the country’s oil and gas sector, making available approvals covering a wider range of petroleum-related activities between 2019 and 2025. The records include permits...

Global oil supply conditions could tighten further if disruptions around the Strait of Hormuz persist, with inventories and spare production capacity that typically cushion shocks already under strain and being depleted, raising the risk of supply shortages if the...

Vallourec has secured two additional line pipe orders from ExxonMobil Guyana Limited for the Hammerhead and Longtail projects in the Stabroek Block offshore Guyana. The company announced the contracts on May 20, 2026. The orders were awarded under a long-term...

ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) seeking technical input from suppliers for the potential construction of up to two DP2 chemical carrier platform supply vessels (PSVs).  The RFI, published on May 19, outlines plans for...

TechnipFMC and TotalEnergies have completed stack-up and system integration testing for a shallow-water production christmas tree (XT) tied to the GranMorgu offshore development. The testing campaign was carried out over several weeks in Malaysia, where the subsea equipment was assembled...