Guyanese regulators are in the process of finalizing the nation’s gas strategy, which will guide authorities in transforming the country into a hub for regional integration. Speaking on the importance of the strategy, President, Dr. Irfaan Ali recently reminded...

While Venezuela’s President, Nicholas Maduro, has revealed his “evil intentions” for Essequibo which accounts for two-thirds of Guyana’s landmass, it will not stop the nation’s flourishing oil developments. Guyana’s Vice President, Dr. Bharrat Jagdeo delivered this emphatic assurance while...

DOF Group secured an accolade as one of ExxonMobil's distinguished 2023 Ruby award recipients. The evaluation criteria for nominees encompassed facets such as on-time delivery, safety protocols, responsiveness, service excellence, innovation prowess, and dedication to sustainability. Ruby award winners...

Amid growing concerns about Venezuela’s growing aggression towards Guyana, questions arose regarding China's stance on supporting Maduro's claim and the fear of a potential invasion. In response to these queries, Foreign Ministry Spokesperson Wang Wenbin emphasized China's impartial stance, reiterating...

The International Monetary Fund (IMF) has released its latest report on Guyana's economic outlook, projecting the country's oil revenues to soar to a staggering US$11 billion (GY$2.3 trillion) by 2028. This estimate is derived from royalties and profit oil...

With Guyana expected to produce over one million barrels of oil per day from six floating, production, storage and offloading (FPSO) vessels by 2027, the country will likely have enough money to clear its debt. This is according to...

Production at the Liza 1 project rebounded in October, after which, the Liza Destiny floating production, storage and offloading (FPSO) vessel demonstrated levels in excess of 150,000 barrels per day (bpd). The project registered an average output of 140,780 bpd...

With oil production in Guyana set to hit 600,000 barrels per day (bpd) next year and cross the one million bpd mark by 2027, monetizing the large volumes of associated gas discovered to date at the ExxonMobil-operated Stabroek Block...

Italy's leading engineering, drilling, and construction services provider, Saipem, has clinched two substantial offshore contracts valued at approximately US$1.9 billion. The agreements involve collaborations with ExxonMobil's subsidiary, ExxonMobil Guyana Limited, and Equinor, the Norwegian state-owned energy giant, spanning operations...

Guyana’s Head of State, Dr. Irfaan Ali will be leading a delegation to the 28th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change. COP28 will be held from November 30 until December 12,...