Guyana recorded 260 crude oil lifts in 2025 from its four producing floating production, storage and offloading (FPSO) vessels, Minister of Finance, Dr Ashni Singh, said during the reading of Budget 2026 on January 26.
He told the National Assembly...
Revenue from Guyana’s rapidly expanding oil sector is expected to fund 32% of the country’s 2026 national budget, as offshore crude production continues to serve as a pillar of support for the government’s budget.
The contribution of GY$495 billion (US$2.37...
Guyana’s economy is projected to grow by 16.2% in 2026, with the oil and gas sector continuing to be the dominant driver of expansion, Finance Minister Ashni Singh said on Monday.
During a reading of the government’s 2026 budget in...
An estimated 261.1 million barrels of oil were produced in 2025, according to figures presented during Guyana’s 2026 National Budget.
Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, disclosed the production data as...
The proposed Longtail project is set to become the first development in the Stabroek Block dedicated to gas and condensate production offshore Guyana, a shift from earlier projects that have focused primarily on oil.
Unlike existing developments, Longtail is designed...
SBM Offshore, on January 21, pulled back the curtain on one of the most critical assets in offshore energy production: the floating production, storage and offloading vessel, better known as the FPSO.
So, what exactly is an FPSO, and why...
MODEC’s approach to engineering and project planning for the Uaru floating production, storage and offloading (FPSO) vessel has created space for local fabrication work to be integrated into the project without affecting delivery timelines.
This is according to MODEC’s Uaru...
On January 26, the Government of Guyana will present its 2026 Budget at a time when the country’s oil production has reached record levels across several offshore projects, and citizens watch to see how these oil revenues will improve...
ExxonMobil Guyana Limited (EMGL) will continue developmental drilling operations at the Liz_3P13 Drill Center, part of the Liza Phase 2 Project in the Stabroek Block, according to a Notice to Mariners issued by the Maritime Administration Department (MARAD) this...
The drillship Stena Carron has completed 86 well operations offshore Guyana over nearly a decade, drilling a total of 241,358 meters, according to information from Stena Drilling published in the latest edition of Energy Magazine.
The vessel has operated in...
