News

Exxon targeting 75% Guyanese workforce for Yellowtail oil production vessel – report

After eight years of operations offshore Guyana, ExxonMobil expects around 75% of the workforce on the giant Yellowtail Floating, Production, Storage and Offloading (FPSO) vessel will be Guyanese, starting from an initial 25%. This is according to the Environmental Impact...

Authorities reviewing development plan for Guyana’s largest offshore project

Guyana’s Minister of natural Resources (MNR), Vickram Bharrat, on Monday participated and delivered remarks at a virtual stakeholder meeting to officially commence the review of the Yellowtail Field Development Plan (FDP). ExxonMobil affiliate Esso Exploration & Production Guyana Limited (EEPGL)...

Guyana seeking new EITI coordinator

Guyana's Ministry of Natural Resources is seeking a National Coordinator for the Secretariat of its Extractive Industries Transparency Initiative (GYEITI) chapter. The incumbent National Coordinator is Dr. Rudy Jadoopat. Interested persons have until November 19 to apply. The appointment will follow...

Ghana oil production will drop to around 146,500 bpd in 2022 – Platts

Ghana's oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country's state-owned oil company told S&P Global Platts. The West...

SBM Offshore providing training opportunities for Guyanese to work on FPSOs

SBM Offshore is providing the opportunity for Guyanese to be equipped with the skills and knowledge to work onboard Floating Production Storage and Offloading (FPSO) vessels operating offshore the South American country, through its Trainee Technician Programme. This aligns...

Guyana on brink of becoming one of world’s largest oil holders; careful management is key, says EITI

Recent Atlantic offshore oil discoveries have promised to generate an economic boom for Guyana and its’ citizens, the Extractive Industries Transparency Initiative (EITI) said, pointing out that mainly left unexplored until 2015, the nation is now on the brink...

Touchstone makes ‘light oil’ discovery in Trinidad

Touchstone Exploration Inc. on Monday announced the results of the first of three planned production tests at its Royston-1 exploration well which has confirmed a light oil discovery in the lowermost section of the well. The section tested was...

COP26: IDB pledges US$24 billion for climate and green finance over the next four years

The Inter-American Development Bank (IDB), a leading source of long-term financing for development in Latin America and the Caribbean, announced last week that it pledged US$24B for climate and green financing for its 26 members over the next four...

Guyana oil must help supply 24 million bpd demand in 2050, says Vice President

It was in May this year that the International Energy Agency (IEA), one of the most reputable global research institutes on energy, released a landmark report which recommended no new fossil fuel exploration or development if the world is...

Dutch company plugs over US$332,000 into mangrove restoration in Guyana

Dutch floater specialist SBM Offshore signed a Memorandum of Understanding with the National Agricultural Research and Extension Institute (NAREI) in Guyana on October 26, which will see the company funding a Mangrove Restoration Project along a section of the...

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Guyana Business Chamber urges halt to Corentyne Bridge talks over Suriname waterway fees

The Georgetown Chamber of Commerce and Industry (GCCI) on April 3, 2026 called on the Government of Guyana to...