News

Oil production to begin at Guyana’s 4th project ahead of pivotal elections

ExxonMobil’s Yellowtail development offshore Guyana is expected to come online in August, just ahead of national elections in the South American country. Yellowtail, the fourth project in the Exxon-led Stabroek Block, will use the ONE GUYANA floating production, storage and...

ExxonMobil seeks ROV services for offshore operations near Georgetown

ExxonMobil Guyana Limited (EMGL) said it plans to establish a goods and services agreement for Deepwater Subsea Remote Operated Vehicle (ROV) support.  In a public request for information, Exxon said the ROV services will assist oil and gas operations near...

Guyana’s Yellowtail crude to enter market in competition with U.S. WTI and Argentina’s Medanito

Guyana’s Yellowtail crude, from the country’s fourth offshore development, is set to hit international markets in the third quarter of 2025, with a lighter and sweeter profile than the country’s current grades.  The new grade is expected to compete directly...

Election Deadlock: Suriname’s 2025 elections signal coalition challenges ahead of oil boom

Paramaribo: Suriname’s 2025 general elections have yielded a dramatic outcome that is both reflective of the country’s political fragmentation and indicative of the challenges ahead in forming a government and charting a united course for the country’s oil future.  Preliminary...

Guyana to vote on September 1 in first election of oil-funded development era

Guyana will hold elections for a new government on September 1, 2025, President Irfaan Ali announced Sunday night during his address on the country’s 59th Independence anniversary. Speaking at national celebrations held in Albion, Berbice, Ali said he had consulted...

SBM Offshore Guyana opens applications for 2025 Trainee Technician Programme

SBM Offshore Guyana is inviting applications for its 2025 Trainee Technician Programme, a career-launching initiative aimed at building a new generation of technical talent for the offshore oil and gas sector. The company said the programme is designed to provide...

Guyanese unmoved by Maduro’s election gimmick, no evidence of voting found in border communities

Guyanese are resilient in the face of adversity. They are a spirited people, with deep cultural roots and a strong sense of national identity. This much was showcased tenfold today. Love of country was high.  In Venezuela, Nicolas Maduro’s election...

Sweden leads Guyana oil takers in April – OilX data

Sweden received the highest number of crude oil cargoes from Guyana in April 2025, according to vessel tracking intelligence provided by OilX, a firm specializing in global oil flow analytics. Four shipments were delivered to Sweden during the month —...

SPE International President: Guyana oil boom offers two-way learning opportunity

Terry Palisch, President of the Society of Petroleum Engineers (SPE) International, concluded his first visit to Guyana this week, signaling the country’s expanding relevance in global energy discussions and the transfer of technical expertise. Palisch, who also serves as Chief...

Guyana passes House motion condemning Venezuela’s Essequibo vote plans

Guyana’s Parliament passed a motion on Friday, condemning Venezuela’s decision to hold elections in the Essequibo region. The move affirms the country’s sovereignty over the territory and calls on the international community to uphold international law.  The vote was marked...

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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...