Rystad Energy says Argentina, Guyana and Brazil are positioned to lead Latin American oil production growth in 2026 and will continue to outpace Venezuela for years, despite signs of near-term Venezuelan supply returning to the market.
In a February 4...
MODEC has completed the first steel cutting for the Hammerhead floating production, storage and offloading (FPSO) vessel more than a month ahead of schedule. MODEC made the announcement today via LinkedIn.
The steel cut ceremony marked the start of fabrication...
The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain.
The update was provided by...
A February 4 analysis published by Forbes magazine has pointed to Guyana’s stable and predictable contractual framework as a central reason the country has surged ahead of Venezuela in South America’s oil sector.
The article, written by Senior Contributor Robert...
ExxonMobil Guyana Limited plans to establish a services agreement for offshore geotechnical investigations and environmental baseline surveys in Guyana’s deepwater acreage.
The operator is seeking suppliers capable of delivering a full suite of geotechnical and environmental services across prospective project...
According to the recently released 2023 Extractive Industries Transparency Initiative (EITI) report, Guyana’s extractive revenues totaled US$1.97 billion (approx. GY409.26 billion), with the oil and gas sector accounting for $1.879 billion (GY$391.05 billion) or 95.6%.
This represents an increase of...
Guyana’s Natural Resource Fund (NRF), which receives billions of dollars a year from offshore oil production, is governed by a statutory withdrawal rule designed to smooth government spending.
The rule determines how much the government can legally transfer from the...
The Government of Guyana intends to push key petroleum legislation in 2026 to strengthen governance, protect national interests, and ensure the oil and gas sector operates in accordance with international best practices.
This is according to Bobby Gossai, Senior Petroleum...
Guyana’s Minister of Natural Resources, Vickram Bharrat, has stated that no crude oil is offloaded from the country’s fleet of floating production, storage and offloading (FPSO) vessels without multi-agency supervision.
Speaking on the floor of the National Assembly during the...
ExxonMobil Guyana Limited has issued a request for information to identify suppliers capable of providing network services for its offshore drilling operations in Guyana.
The company plans to enter into a service agreement covering the provision of comprehensive network solutions...
