Concerns about economic overheating in oil-rich Guyana were addressed head-on by economist Richard Rambarran last week at the Offshore Technology Conference. He credits strong fiscal discipline and targeted investments with keeping inflation low and macroeconomic fundamentals stable. “Overheating refers to...

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for the first time since offshore production began in 2019, even as overall output continues to rise, according to the International...

Guyana is emerging as a rare alignment zone—a geographic and technological triangle where energy intensive data centers, dispatchable low-carbon power, and carbon capture can coexist. This trifecta gives Guyana something few nations have: reliable and increased natural gas feedstock...

Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations in Guyana, as the country continues to grow in importance to the company’s portfolio. The U.S. oil producer reported that it...

GAIMMS Guyana launched its first Welding and Fabrication Workshop aimed at equipping local apprentices with global-standard skills for the energy sector. The program combines classroom learning with hands-on industrial training. It is designed to mirror real-world practices used on major...

ExxonMobil Guyana President Alistair Routledge said the Yellowtail offshore oil project is expected to start producing crude oil in August 2025. Routledge made the comments during a panel discussion at the Offshore Technology Conference in Houston, Texas, this week. The...

Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at the Offshore Technology Conference (OTC) on May 7. The South American nation took the spotlight in the ‘Around the World...

Staatsolie has announced that two key exploration wells - Caiman-1 and Kiskadee-1 - will be drilled in Suriname’s Block 52 during the second half of 2025. PETRONAS is the operator of the block.  “These wells will test prospects within the...

Venezuela has rejected a binding order issued by the International Court of Justice (ICJ) prohibiting it from conducting elections in Guyana’s Essequibo region. This is according to a communiqué issued today and posted to Facebook by Venezuela’s Executive Vice...

China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels of oil equivalent (boe) in the first quarter of 2025, underpinned by stronger domestic output. In its first quarter report released...