Guyana’s economy is projected to grow by 16.2% in 2026, with the oil and gas sector continuing to be the dominant driver of expansion, Finance Minister Ashni Singh said on Monday. During a reading of the government’s 2026 budget in...

ExxonMobil believes the rapid development model it applied in Guyana could be replicated in Trinidad and Tobago if deepwater exploration proves successful, but only if the same foundational conditions are in place, according to Dr. Gboyega Ayeni. Ayeni, Business Development...

Global subsea engineering, procurement and construction (EPC) awards totaled approximately US$17 billion for 2025, a 20% year-on-year decline, but Guyana remained one of the few bright spots as major projects advanced, according to Westwood Energy Global Group. In an analysis...

Trinidad and Tobago can strengthen its local talent base by studying how Guyana has implemented its local content framework, according to Ramps Logistics Chief Executive Officer, Shaun Rampersad. Rampersad made the comments during a recent interview with the Business Guardian,...

MODEC’s approach to engineering and project planning for the Uaru floating production, storage and offloading (FPSO) vessel has created space for local fabrication work to be integrated into the project without affecting delivery timelines.  This is according to MODEC’s Uaru...

Proposed amendments to Guyana’s Local Content Act are awaiting policy-level consideration, following a broad stakeholder consultation process that included ExxonMobil Guyana and major oil and gas contractors, according to Director of the Local Content Secretariat, Michael Munroe. Speaking exclusively with...

PARAMARIBO, SURINAME – Addressing the Association of Economists in Suriname (VES) at a recent New Year’s event in Paramaribo, President Jennifer Geerlings-Simons called for disciplined economic management and long-term planning as future oil and gas revenues come into view. “Oil...

Guyana received about US$2.47 billion (GY$515 billion) in revenues from the oil sector in 2025, according to an examination of 15 Natural Resource Fund (NRF) reports for the year. That total marks a decline from US$2.57 billion earned in...

Eco (Atlantic) Oil & Gas Ltd. is in ongoing discussions with the Government of Guyana to continue appraisal and exploration activity on the Orinduik Block, after the block’s licence reached the end of its second renewal term on January...

Guyana is preparing for its next major step in offshore oil production with the Uaru development, ExxonMobil’s upcoming project in the Stabroek Block. Rather than opening a new frontier, Uaru deepens production in an already proven basin. The project is...