Guyana received payments for two cargoes of crude oil in September 2025, totaling US$133 million (approximately GY$28 billion). The shipments, lifted from the Payara and Liza 1 projects, reflect the continued strength of the country’s oil production profile and...

A new report by Westwood Global Energy Group indicates that, despite shifting market conditions, high-impact exploration (HIE) remains a key focus, although the sector has become increasingly concentrated among fewer players over the past decade.  According to Westwood’s October 7...

In an October 7 report, Westwood Global Energy Group warned that 2025 is shaping up as a turbulent year in the global oil and gas sector, with soft demand and surging supply threatening to unbalance the market. Westwood points out...

Four firms have submitted proposals to provide engineering services as the government moves to procure a developer for a natural gas liquids (NGL) storage and marine offloading facility, a component of Guyana’s landmark Gas-to-Energy project. According to a notice published...

PARAMARIBO, SURINAME - In her first annual address to Parliament, President Jennifer Geerlings-Simons announced that Suriname will launch a National Local Content Program in 2026 to ensure that citizens and businesses are directly engaged in the country’s emerging oil...

Dear Editor, Guyana today stands as one of the fastest-growing economies in the world, driven by our booming oil and gas sector. Offshore, the focus is on barrels, profits, and production milestones, all driven by safety. But onshore, another reality...

Italian oilfield services company Saipem announced that it has completed the first complex subsea structure ever built in Guyana, describing it as a milestone for the country’s local content initiative. The Pipeline End Termination (PLET), manufactured at the Vreed-en-Hoop Shorebase,...

Dear Editor,  Not long ago, a friend told me how proud she felt pulling on her coveralls for her first offshore rotation. She laughed and said, “Who would’ve thought I’d end up on a rig?” For years, oil and gas...

ExxonMobil’s Yellowtail oil project offshore Guyana will ramp up to its full production capacity of 250,000 barrels of oil per day (b/d) in a month.  The company’s Guyana Production Manager Huzefa Ali made the announcement on Thursday during an Energy...

PARAMARIBO, SURINAME – As Suriname prepares for first oil from Block 58 in 2028, Staatsolie CEO Annand Jagesar is urging discipline in how the windfall is managed, a point he emphasized in a September 24 interview with Het Financieele...