News

Noble Corporation is expected to kick off its first Vendor Day for 2026 on February 19 at 10 AM as it looks to expand its base of Guyanese suppliers.  Noble operates four drill ships in Guyana’s Stabroek Block for ExxonMobil....

Shell’s Chief Executive Officer, Wael Sawan said the company’s decision to exit Guyana remains a missed opportunity, as he reflected on portfolio choices during Shell’s fourth-quarter 2025 earnings call on February 6. Speaking during the call, Sawan was responding to...

Rystad Energy says Argentina, Guyana and Brazil are positioned to lead Latin American oil production growth in 2026 and will continue to outpace Venezuela for years, despite signs of near-term Venezuelan supply returning to the market. In a February 4...

MODEC has completed the first steel cutting for the Hammerhead floating production, storage and offloading (FPSO) vessel more than a month ahead of schedule. MODEC made the announcement today via LinkedIn.  The steel cut ceremony marked the start of fabrication...

The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain. The update was provided by...

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...