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Guyana will be among the top five elite global offshore producers by 2035 – Rystad Energy

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With ExxonMobil and partners fast-tracking exploration and development projects in Guyana, the country is set to rank in the top five-list of elite global producers by 2035. This is according to Rystad Energy, an independent energy research and business...
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With competition rising, oil nations sweetening the pot to attract investors

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In South America and the wider Caribbean region, Guyana is dominating the oil and gas market since emerging in 2015. And now, faced with heavy competition to pull major investors, other oil-producing nations are introducing new regulatory frameworks to...
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Guyana encouraging low-emission cars, clean energy technologies with tax exemptions

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With the goal of stimulating growth with clean energy and low-carbon technologies, Guyana is encouraging investments in low-emission cars and renewable energy sources with tax exemptions. In the finalised Low Carbon Development Strategy (LCDS) 2030 – a national low-carbon advancement...
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At US$1.5 billion a piece, Exxon says 10 FPSOs by 2030 remain in play for Guyana

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By the end of this decade, ExxonMobil envisions up to ten floating production storage and offloading vessels (FPSO) operating offshore Guyana. This is according to the ExxonMobil Guyana President, Alistair Routledge in an article published by Senior Contributor to...
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Guyana delivering ‘best rocks for best returns’ as global oil supply set to tighten

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With the United States facing economic slowdown thereby fuelling recessionary fears and the Russia-Ukraine war in its sixth month, Hess Corporation’s Chief Executive Officer (CEO), John Hess, said the company expects the global oil market to get tighter. During his...
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New oil producer wants to maximise value in forestry, mining, tourism industries

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With Guyana’s oil revenues projected to peak at US$16B in 2036, President, Irfaan Ali has said that a significant portion of these profits will be used to maximise the value and sustainability of industries such as forestry, mining, and...
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Guyana to host regional energy summit as alliance seeks US$1 trillion for solar energy

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As Guyana prepares this week to host the regional committee meeting for the International Solar Alliance (ISA) for Latin America and the Caribbean, accelerating solar energy through amplifying access to finance is a major focus. On the heels of the...
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Oil-rich Guyana to keep agriculture, fisheries on frontline of diversification drive

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Though Guyana’s super basin is projected to reap US$157B in oil earnings by 2040, authorities are determined to ensure a portion of these resources is used to fuel the sustainability of other traditional revenue makers such as agriculture and...
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Stabroek partners to make final investment decision on gas-to-energy project by year-end

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By the end of 2022, ExxonMobil and its Stabroek Block partners are expected to make the final investment decision (FID) on Guyana’s transformational gas-to-energy project. President of ExxonMobil Guyana, Alistair Routledge, related this to Senior Contributor to Forbes, David...
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Guyana’s fiscal take on higher end, among leading offshore producers – Rystad Energy

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Comparing the fiscal regimes of other offshore producers, Guyana’s is on the higher end, says Rystad Energy, an independent energy research and business intelligence company. In its latest analysis, Rystad found that the government’s take amounts to 59% of total...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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