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ExxonMobil to continue geophysical and seismic survey program in Stabroek Block in 2026

OilNOW -
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....
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How Guyana’s Natural Resource Fund withdrawal rule works

OilNOW -
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...
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Subsea7 highlights decade long SIA Alliance as core delivery model for Guyana and Suriname

OilNOW -
Subsea7 is positioning the Subsea Integration Alliance (SIA) as a core delivery model for offshore developments in Guyana, Suriname, and other deepwater regions, citing more than a decade of large-scale subsea execution under the alliance. SIA is a global strategic...
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Petroleum legislation push continues in 2026 to propel oil and gas industry, protect Guyanese benefits

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The Government of Guyana intends to push key petroleum legislation in 2026 to strengthen governance, protect national interests, and ensure the oil and gas sector operates in accordance with international best practices. This is according to  Bobby Gossai, Senior Petroleum...
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No crude oil offloads from Guyana’s FPSOs without multi-agency oversight — Bharrat

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Guyana’s Minister of Natural Resources, Vickram Bharrat, has stated that no crude oil is offloaded from the country’s fleet of floating production, storage and offloading (FPSO) vessels without multi-agency supervision. Speaking on the floor of the National Assembly during the...
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ExxonMobil Guyana seeks network service providers for offshore drilling operations

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ExxonMobil Guyana Limited has issued a request for information to identify suppliers capable of providing network services for its offshore drilling operations in Guyana. The company plans to enter into a service agreement covering the provision of comprehensive network solutions...
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Guyana plans to raise annual withdrawals from oil fund to US$4.3 billion by 2029

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Budget projections released by the Finance Ministry show that the Guyana government plans to sharply increase the amount of money it withdraws each year from its oil fund, with annual outflows projected to rise to about US$4.3 billion by...
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2023 EITI country report out, 2024 submission pending – Guyana’s Natural Resources Minister

Trichell Sobers -
The Government of Guyana submitted its 2023 Extractive Industries Transparency Initiative (EITI) report in December 2025. According to the country’s natural resource minister, preparations are well underway for the 2024 submission. In his budget presentation this week, Minister of Natural...
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ExxonMobil completes buyout of all Stabroek Block FPSOs with US$2.32B ONE GUYANA acquisition

OilNOW -
ExxonMobil Guyana Limited (EMGL) has completed the US$2.32 billion purchase of the ONE GUYANA floating production, storage and offloading (FPSO) vessel that has been pivotal in Guyana’s offshore oil production. The acquisition allows ExxonMobil Guyana to assume full ownership of...
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Over US$2.4B projected for Guyana’s NRF in 2026 as Errea Wittu FPSO comes on stream

Trichell Sobers -
Guyana is projected receive over US$2.4 billion in deposits to the Natural Resource Fund (NRF) in 2026, driven by rising oil production and the startup of the Errea Wittu floating production, storage and offloading (FPSO) vessel. This was disclosed by...
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Middle East tensions could lift Guyana’s oil revenues, but capacity risks remain – Orinoco Research

Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across...

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