News

ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Uaru Project’s UA_4P04 drill center in the Stabroek Block offshore Guyana, according to a notice from the Maritime Administration Department (MARAD). Operations began on March 12, 2026, within Guyana’s Exclusive...

Oil prices eased by 1% on Monday as U.S. allies rejected President Donald Trump's repeated calls for help to unblock the Strait of Hormuz.  “Brent crude futures fell 92 cents to US$102.22 per barrel by 1248 GMT, while U.S. West...

Design specifications for the floating production vessel planned for ExxonMobil's proposed Longtail project in Guyana allow for higher production, according to the environmental impact assessment (EIA) report submitted by ExxonMobil. This could facilitate increased hydrocarbon production once initial levels...

ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring the impact of hands-on learning and expanded access to technical training. In a video released by the company on February 4,...

ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a...

Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal.  The conference, hosted by World Oil and Gulf...

Brent crude prices could climb as high as US$135 per barrel if the current geopolitical tensions disrupt oil supplies for several months, according to Jorge León, Head of Geopolitical Analysis at Rystad Energy. León outlined the potential price paths in...

Guyana established the Guyana Technical Training College Inc. (GTTCI) to prepare Guyanese technicians for jobs in the country’s growing oil and gas industry. The training institution delivers specialized technical education aligned with offshore petroleum operations and supports the country’s...

Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal.  The conference, organized by World Oil...

The Ministry of Natural Resources and CNOOC Petroleum Guyana Limited have opened applications for fully funded scholarships in China for 2026, adding Energy Economics to the list of programs available to Guyanese students. The scholarship opportunity, according to a public...