Revenue from Guyana’s rapidly expanding oil sector is expected to fund 32% of the country’s 2026 national budget, as offshore crude production continues to serve as a pillar of support for the government’s budget.
The contribution of GY$495 billion (US$2.37...
Guyana’s economy is projected to grow by 16.2% in 2026, with the oil and gas sector continuing to be the dominant driver of expansion, Finance Minister Ashni Singh said on Monday.
During a reading of the government’s 2026 budget in...
ExxonMobil believes the rapid development model it applied in Guyana could be replicated in Trinidad and Tobago if deepwater exploration proves successful, but only if the same foundational conditions are in place, according to Dr. Gboyega Ayeni.
Ayeni, Business Development...
Following the presentation of Guyana’s Budget 2026, Ascension Business Services, one of Guyana’s leading corporate advisory firms, is hosting a public seminar aimed at addressing questions and clearing up uncertainty surrounding the measures announced.
The post-Budget 2026 seminar will be...
An estimated 261.1 million barrels of oil were produced in 2025, according to figures presented during Guyana’s 2026 National Budget.
Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, disclosed the production data as...
Chairperson of the Energy Chamber of Trinidad and Tobago, Mala Baliraj, said the Chamber will change how its Safe to Work program is structured following concerns raised by Prime Minister Kamla Persad-Bissessar.
The decision follows the government’s withdrawal from the...
Global subsea engineering, procurement and construction (EPC) awards totaled approximately US$17 billion for 2025, a 20% year-on-year decline, but Guyana remained one of the few bright spots as major projects advanced, according to Westwood Energy Global Group.
In an analysis...
Engineering and machining services linked to petroleum service vessels could deliver significant skills transfer and investment opportunities for Guyanese if formally aligned with the Local Content Act. This is according to Director of the Local Content Secretariat, Michael Munroe.
Earlier...
Trinidad and Tobago can strengthen its local talent base by studying how Guyana has implemented its local content framework, according to Ramps Logistics Chief Executive Officer, Shaun Rampersad.
Rampersad made the comments during a recent interview with the Business Guardian,...
ExxonMobil Guyana currently has four oil projects producing offshore. They are not the end of the story. More developments are being advanced, while exploration and appraisal is pursued in contemplation of others.
Every offshore oil project follows a broad production...
