News

Guyanese businesses seeking to enter the oil and gas supply chain do not need decades of industry experience to compete, but they must demonstrate that they have the systems, compliance standards, and business discipline required to work with international...

Before Guyana approves an offshore oil development, operators must first estimate the greenhouse gas (GHG) emissions expected from the project. Those projections form part of the environmental impact assessment (EIA), providing regulators with an early picture of a project's...

Shell’s move into Venezuela’s Loran gas field could help create a wider Caribbean gas corridor centered on Trinidad and Tobago’s energy infrastructure, according to Rystad Energy. The research firm said Loran could connect Venezuela’s offshore gas resources with available liquefied...

Guyana's offshore discoveries have helped make Upper Cretaceous reservoirs the world's most commercially successful exploration targets among the reservoir-age groups assessed by Westwood Global Energy Group. Jamie Collard, Westwood’s Senior Exploration Research Manager, presented the finding during a mid-year global...

Halliburton will expand its role in Saudi Arabia’s unconventional gas sector after securing a multi-year contract from Saudi Aramco to provide integrated stimulation and completion services for the Kingdom’s growing gas development program. Under the agreement, Halliburton will deliver drilling...

Lower electricity costs could make Guyana a more competitive place to manufacture goods, but affordable power alone will not build an industrial base. Factories are built where affordable power is matched by industrial land, transport links, financing, skilled workers,...

ExxonMobil’s Hammerhead development offshore Guyana was among only three major discoveries made after 2014 to reach final investment decisions (FID) in 2025, according to an analysis from Westwood Global Energy Group. Westwood’s High Impact Resource Progression insight published on July...

ExxonMobil’s proposed 35-well campaign will extend exploration in Guyana’s Stabroek Block through 2033, but Rystad Energy says new project sanctions offer the country greater long-term upside than further increases from producing facilities. The research firm said continued drilling will remain...

A billion-dollar offshore industry moving at record speed is giving Guyana a role beyond oil production. The country's deepwater developments are becoming a proving ground for technologies designed to accelerate resource discovery, enable remote operations, and improve recovery from...

ExxonMobil is planning to expand its sourcing of energy infrastructure equipment from India, with company affiliates expected to procure billions of dollars in equipment from the country by the end of the decade. The company said on July 16 that...