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India buying Guyana oil displaced by oversupply in Europe

India is buying up some of Guyana's crude displaced by oversupply in Europe, according to analysts on an S&P Global Commodity Insights oil markets podcast published October 30. Europe, usually the largest buyer of Guyanese crude, has become saturated with...

Exxon affirms full transparency in disclosures of Guyana oil and gas finds

ExxonMobil Guyana Limited (EMGL) on Sunday rejected suggestions that it is concealing oil discoveries made in the offshore Stabroek Block, saying it has complied with all legal reporting requirements. The statement follows a story in local publication - Kaieteur News,...

Twenty-six TVET instructors earn NEBOSH certification through Greater Guyana Initiative

The Greater Guyana Initiative (GGI) marked a major step in building national safety capacity with the graduation of 26 participants from the NEBOSH International General Certificate programme. The ceremony was held at the Guyana Marriott Hotel on November 21. According...

Guyana’s four FPSOs set a new pace for deep-water oil development

The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s offshore industry, each larger and more advanced than the last.  Together, Liza Destiny, Liza Unity, Prosperity and ONE GUYANA have pushed...

Guyana oil fund gets US$228 million in October

Guyana received US$228 million (GY$48 billion) in oil revenues in October, according to the latest update on the operations of the Natural Resource Fund (NRF).  The month’s inflows to the Fund comprised US$83 million (GY$17 billion) in royalties from crude...

Guyana secures title as world’s largest oil producer per capita

Guyana has officially become the world’s largest oil producer per capita, a status long predicted since 2021 and now confirmed following the rise in national output to 900,000 barrels per day on November 12, 2025. The milestone was confirmed, following...

ExxonMobil advances AUV survey at Haimara field ahead of potential gas push

ExxonMobil Guyana Limited is pressing ahead with Autonomous Underwater Vehicle (AUV) survey operations at the Haimara Field in the south-eastern Stabroek Block.  The Maritime Administration Department said the exercise is scheduled to conclude on December 31, 2025, and will utilise...

Guyana’s 2022 discovery surge remains unmatched three years later

ExxonMobil and its Stabroek Block partners, Hess and CNOOC, closed 2022 with a record-breaking series of oil finds. It was described as “the best exploration year in Guyana so far,” with nine discoveries in Stabroek.  The year opened in January...

China’s first taste of Guyana’s Golden Arrowhead crude heads to Huizhou

A very large crude carrier (VLCC) is delivering China’s first cargo of Guyana’s new Golden Arrowhead crude grade, marking a rare long-haul shipment from Guyana as output from the ExxonMobil-led Stabroek Block continues to rise. According to oil analytics firm...

Exxon weighs early purchase of ONE GUYANA FPSO

ExxonMobil Guyana is considering buying the ONE GUYANA floating production, storage and offloading vessel in early 2026, ahead of the unit’s maximum lease end in August 2027.  SBM Offshore disclosed the update in its recently released third-quarter trading report, which...

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Guyana oil fund got US$253 million in February

Guyana’s Natural Resource Fund (NRF) received US$253 million (GY$53 billion) in February from the sale of the country’s share...