A February 4 analysis published by Forbes magazine has pointed to Guyana’s stable and predictable contractual framework as a central reason the country has surged ahead of Venezuela in South America’s oil sector.
The article, written by Senior Contributor Robert...
ExxonMobil Guyana Limited plans to establish a services agreement for offshore geotechnical investigations and environmental baseline surveys in Guyana’s deepwater acreage.
The operator is seeking suppliers capable of delivering a full suite of geotechnical and environmental services across prospective project...
According to the recently released 2023 Extractive Industries Transparency Initiative (EITI) report, Guyana’s extractive revenues totaled US$1.97 billion (approx. GY409.26 billion), with the oil and gas sector accounting for $1.879 billion (GY$391.05 billion) or 95.6%.
This represents an increase of...
Geophysical and seismic surveying will continue for the remainder of 2026 in Guyana’s Stabroek Block, up until December 31.
According to a notice from the Maritime Administration Department (MARAD) on February 2, the operation will involve the SV Fugro Brasilis....
Guyana’s Natural Resource Fund (NRF), which receives billions of dollars a year from offshore oil production, is governed by a statutory withdrawal rule designed to smooth government spending.
The rule determines how much the government can legally transfer from the...
Subsea7 is positioning the Subsea Integration Alliance (SIA) as a core delivery model for offshore developments in Guyana, Suriname, and other deepwater regions, citing more than a decade of large-scale subsea execution under the alliance.
SIA is a global strategic...
The Government of Guyana intends to push key petroleum legislation in 2026 to strengthen governance, protect national interests, and ensure the oil and gas sector operates in accordance with international best practices.
This is according to Bobby Gossai, Senior Petroleum...
Guyana’s Minister of Natural Resources, Vickram Bharrat, has stated that no crude oil is offloaded from the country’s fleet of floating production, storage and offloading (FPSO) vessels without multi-agency supervision.
Speaking on the floor of the National Assembly during the...
ExxonMobil Guyana Limited has issued a request for information to identify suppliers capable of providing network services for its offshore drilling operations in Guyana.
The company plans to enter into a service agreement covering the provision of comprehensive network solutions...
Budget projections released by the Finance Ministry show that the Guyana government plans to sharply increase the amount of money it withdraws each year from its oil fund, with annual outflows projected to rise to about US$4.3 billion by...
The partnership between the Iwokrama International Centre for Rainforest Conservation and Development and ExxonMobil Guyana is delivering measurable results...
