Guyana received US$228 million (GY$48 billion) in oil revenues in October, according to the latest update on the operations of the Natural Resource Fund (NRF).  The month’s inflows to the Fund comprised US$83 million (GY$17 billion) in royalties from crude...

Guyana has officially become the world’s largest oil producer per capita, a status long predicted since 2021 and now confirmed following the rise in national output to 900,000 barrels per day on November 12, 2025. The milestone was confirmed, following...

ExxonMobil Guyana is considering buying the ONE GUYANA floating production, storage and offloading vessel in early 2026, ahead of the unit’s maximum lease end in August 2027.  SBM Offshore disclosed the update in its recently released third-quarter trading report, which...

Kuldipsingh Port Facility has secured a 10-year contract from TotalEnergies EP Suriname after spending years upgrading its operations to meet international oil and gas standards.  The deal, announced on November 14, will see the company develop and operate an Integrated...

Few academics in the Caribbean have shaped as many institutions as Professor Clement Sankat. The chartered mechanical engineer and veteran educator has spent more than four decades using education to fuel national development, from expanding universities in Trinidad and...

Guyana is steadily building the foundation for a skilled oil and gas workforce and is “on course” to follow the proven path once taken by Trinidad and Tobago, according to Professor Clement Sankat, Director of the Guyana Technical Training...

ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up of the Yellowtail project to full capacity. Yellowtail, Guyana’s fourth offshore development, has achieved its designed...

With the Petroleum License signed, TotalEnergies is gearing up to expend “tens of millions” in seismic and geophysical surveys in Guyana’s shallow water S4 Block.  The company’s Vice President for Exploration (Americas), Daniel Larranaga, confirmed that the investment for data...

A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s offshore waters, a historic feat after the country’s maiden auction launched in 2022. The signing ceremony was held this morning...

The Guyana Technical Training College Inc. (GTTCI) is preparing to expand its focus beyond offshore oil and gas to meet the skills needed for the country’s emerging petrochemical, refinery, and construction industries, according to its Director, Professor Clement Sankat. “I...