Budget projections released by the Finance Ministry show that the Guyana government plans to sharply increase the amount of money it withdraws each year from its oil fund, with annual outflows projected to rise to about US$4.3 billion by...
A vote in France’s Senate could ultimately reshape the competitive and geological landscape of the Guyana-Suriname Basin, with potential implications for both Guyana’s Stabroek-led production story and Suriname’s emerging offshore push.
On January 29, the Senate adopted a member’s bill...
Guyana is projected receive over US$2.4 billion in deposits to the Natural Resource Fund (NRF) in 2026, driven by rising oil production and the startup of the Errea Wittu floating production, storage and offloading (FPSO) vessel.
This was disclosed by...
The subsea scope for TotalEnergies’ GranMorgu development offshore Suriname is more than twice the size of ExxonMobil’s Yellowtail project in Guyana, according to the Guyana and Suriname Country Manager of Subsea7, Michael Gow.
The comparison was made during a recent...
Brazil and Guyana will continue to anchor global growth in floating production, storage and offloading (FPSO) vessel deployments, according to a January whitepaper by Norway-based Rystad Energy.
“Petrobras and ExxonMobil will remain the region’s key players, leading the way in...
Guyana’s offshore oil production depends on floating production, storage and offloading (FPSO) vessels. These vessels are designed to handle large volumes of oil and associated gas while operating efficiently and keeping emissions as low as possible.
Production in the Stabroek...
Guyana is firmly positioned to maintain its standing as a global model for responsible, safe, and sustainable energy development. This is according to Head of the Environmental Protection Agency’s (EPA) Oil and Gas Department, Sheirdath Ramsammy.
Speaking on the agency’s...
The start-up of the ONE GUYANA floating production, storage and offloading (FPSO) vessel in 2025, played a decisive role in driving trade growth, with sharp increases in imports of agricultural machinery and construction materials, according to Finance Minister Dr....
Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for the procurement, construction, and commissioning of a new Baroid laboratory, as the company continues to expand its onshore footprint in the country.
The EOI, published recently, invites vendors to...
Guyana has allocated GY$10.7 billion in its 2026 budget to advance its flagship Gas-to-Energy project. This, along with efforts to further the country's gas-based power development and to resuscitate the Amaila Falls Hydropower Project, is part of the country's...
