Guyana’s Natural Resource Fund (NRF) received US$253 million (GY$53 billion) in February from the sale of the country’s share of crude produced offshore, adding to the steady flow of oil revenues that continue to build the country’s sovereign wealth...

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...

Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding...

Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at Wales, according to tender opening results released last week. The proposals were invited by the Government of Guyana through the Office...

British energy giant bp is advancing projects to lower the carbon footprint of energy production while maintaining global oil and gas supply, according to key disclosures in its recently published Sustainability Report. The company reported oil and gas production of...

Oil production offshore Guyana averaged 915,000 barrels per day (b/d) in January 2026. Government data shows that output across the four ExxonMobil-operated projects in the Stabroek Block totaled 28.375 million barrels for the month, reflecting the continued ramp-up of the...

As Guyana strengthens its position as a growing global oil and gas supplier, ExxonMobil Guyana’s activities in the Stabroek Block are helping to stabilize the regional floating production market, according to a February 19 report from Rystad Energy. The report...

Westwood Global Energy Group data released March 1 show Petrobras controls 36 of Brazil’s 49 offshore rigs, signifying its dominance in the country’s offshore sector. According to Westwood’s comprehensive analysis, Brazil’s offshore drilling market indicates “a strong pipeline of demand...

TotalEnergies EP Suriname B.V. is seeking companies to help coordinate and execute a local content education program linked to its offshore petroleum activities in Suriname. The company issued a Request for Expression of Interest inviting entities to provide coordination and...