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Greenidge cautions Venezuela: An attack on Guyana’s EEZ is an attack on U.S. assets  

OilNOW -
Carl Greenidge, Guyana’s agent in the International Court of Justice (ICJ) case on the border controversy with Venezuela, has raised concerns about the increasing risks of conflict if Caracas increases its activities in Guyana’s exclusive economic zone (EEZ). Speaking to...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

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The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out US$400 million (GY$83.4 billion) to support the national budget, 60% more than the US$250 million (GY$52.1 billion) withdrawn during the...
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Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Shikema Dey -
Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The International Court of Justice (ICJ) issued a binding order prohibiting any actions that could alter the status quo pending a...
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Guyana’s oil boom being managed with deliberate and prudent policy, says Economist Richard Rambarran

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Concerns about economic overheating in oil-rich Guyana were addressed head-on by economist Richard Rambarran last week at the Offshore Technology Conference. He credits strong fiscal discipline and targeted investments with keeping inflation low and macroeconomic fundamentals stable. “Overheating refers to...
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Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

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Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for the first time since offshore production began in 2019, even as overall output continues to rise, according to the International...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

OilNOW -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil sector between the second quarter (Q2) of 2025 and 2027. According to the Commission, the investment will focus on revitalizing...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

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Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil company Staatsolie revealed in its recent annual report. The production vessel is expected to deliver first oil in 2028. GranMorgu marks...
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Hess spent most of its Q1 2025 capital budget on Guyana

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Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations in Guyana, as the country continues to grow in importance to the company’s portfolio. The U.S. oil producer reported that it...
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GAIMMS Guyana launches first welding and fabrication workshop to train locals for energy sector

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GAIMMS Guyana launched its first Welding and Fabrication Workshop aimed at equipping local apprentices with global-standard skills for the energy sector. The program combines classroom learning with hands-on industrial training. It is designed to mirror real-world practices used on major...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

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Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has been no break in business operations in Guyana due to Venezuela’s increasingly aggressive posture regarding its claim to Guyana's territory. Speaking...
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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu...

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