News

Guyana’s oil boom could surpass Mexico’s declining sector by 2030

The global oil industry is changing, with Guyana's production rising quickly while Mexico's output declines. This is according to Adrian Duhalt, a fellow at the Texas-Mexico Center at the Southern Methodist University, who pointed out their contrasting paths. “Guyana’s oil...

Guyana’s energy boom could fuel AI revolution, says industry expert

Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining. Industry expert Aly Orady, Founder and Chief Technology Officer at Tonal, believes the country has a strategic advantage due to...

G7 coalition backs Guyana in Venezuela border row

The Group of Seven (G7), a powerful coalition of the world’s most advanced economies, has defended Guyana’s internationally recognized sovereign rights. This comes in the wake of a Venezuelan naval incursion into the South American nation’s exclusive economic zone...

Guyana’s ‘advantaged barrels’ give it a competitive edge – Wood Mackenzie 

Guyana’s oil production stands out globally due to its low costs and low carbon emissions, making it a key player in the future energy mix, according to Ignacio Rooney, Senior Director at Wood Mackenzie’s Upstream Consulting and Carbon Management...

SBM Offshore and Microsoft partner on AI-powered floating power solutions

SBM Offshore has announced a global collaboration with Microsoft to develop AI-powered floating power solutions. The partnership aims to deliver standardized, carbon-free electricity to meet the increasing demand for reliable and affordable energy. The collaboration will integrate Microsoft’s AI, cloud...

“Put Guyana on your radar” – Ali tells CERAWeek investors 

Guyana’s President, Dr. Mohamed Irfaan Ali, on Tuesday urged global investors to look beyond oil and gas when considering opportunities in his country. At the CERAWeek energy conference hosted this week by S&P Global in Houston, Ali highlighted investment...

Digital health records, an app to make doctors’ appointments ‒ Anthony details upcoming reforms supported by GGI

Digital health records accessible at clinics across the country and a smartphone application people can use to make doctor’s appointments are among reforms expected in the health sector, Guyana’s Health Minister Dr. Frank Anthony said Thursday. Guyana’s healthcare system is...

Liza Unity is world’s first FPSO to receive ABS SUSTAIN-2 Notation

The Liza Unity has become the first floating production, storage and offloading (FPSO) vessel to receive the SUSTAIN-2 notation from the American Bureau of Shipping (ABS), SBM Offshore announced on March 12.  SUSTAIN-2 is the next level in ABS’s vessel...

Exxon says its focus is on long-term collaboration as Guyana elections draw near

As Guyana prepares for presidential elections this year, ExxonMobil says its focus in on long-term collaboration with the South American country and working with whichever administration is voted into office. Speaking at the Guyana Energy Conference and Supply Chain...

Guyana ranks 5th largest crude oil exporter in Latin America – Forbes 

Forbes has ranked Guyana as the 5th largest crude oil producer in the Latin American (LATAM) region. Guyana comes “after Brazil, Mexico, Venezuela, and Colombia,” Forbes said in a March 12 article.  “That's as ExxonMobil, and its partners Hess Corp...

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Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening...