Training initiatives for Guyana’s oil and gas sector have seen an investment of US$8.6 million, according to the recently released Mid-Year Report from the Ministry of Finance.  Labor scarcity in Guyana’s market is a known issue, especially in the oil...

ExxonMobil Guyana is progressing with developmental drilling at the Yellowtail well site in Guyana's Exclusive Economic Zone. According to Guyana's Maritime Administration Department (MARAD), the Noble Tom Madden is leading the operations, which are expected to conclude by October 31. The...

Guyana’s new oil spill bill is due to be tabled in Parliament later this year, the government said in its 2024 Mid-Year report.  “This bill, while addressing other areas, will deal with the management of and financial responsibility for oil...

U.S. oil major ExxonMobil says it has implemented innovative technologies for the Jaguar floating production storage and offloading vessel (FPSO) which will support its Whiptail development in Guyana. The FPSO is being built by Dutch floater specialist, SBM Offshore. The...

CinNex Inc., a name synonymous with multimedia innovation in Guyana, stands as a testament to resilience, adaptability, and foresight. At the helm of this dynamic company is John Duncan, the Chief Executive Officer (CEO), whose journey from a technical...

ExxonMobil is pushing the boundaries of offshore exploration in Guyana, leveraging cutting-edge technology to optimize its floating production storage and offloading (FPSO) units. As one of the newer offshore frontier regions, Guyana has become a focal point for Exxon,...

Alicia Bess Anderson, Advisor for ExxonMobil Guyana, highlighted the profound impact of the Greater Guyana Initiative (GGI) during a recent episode of the Energy Perspectives Podcast. This initiative, a collaboration between Stabroek Block co-venturers Exxon, Hess and CNOOC, aims...

Guyana's government has significantly revised its forecast for the value of oil exports in 2024, now projecting a total of US$18.67 billion, up from the previous estimate of US$16.8 billion. This increase is driven by higher-than-expected oil production and...

British High Commissioner Jane Miller has declared that "Guyana is a land of opportunity" for UK businesses.  Speaking ahead of the International Business Conference (IBC) 2024, Miller underscored the vast potential for UK companies in key sectors such as infrastructure,...

Paramaribo, Suriname - As plans continue to move forward for Suriname’s first offshore oil production project, Managing Director of state oil company Staatsolie, Annand Jagesar, believes the country would do well with a local content policy instead of a...