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Rystad Energy offers conservative forecast for Guyana’s entry into top 10 non-OPEC oil producers by 2031

Guyana is forecast to become one of the top 10 non-OPEC oil producers by 2031, according to new data from Rystad Energy. The firm reported on an interactive chart via LinkedIn on July 2 that total liquids production from non-OPEC...

‘Entirely misleading’ – ExxonMobil rejects media comparisons of IFRS profits and oil profit share

ExxonMobil Guyana’s Vice President and Chief Financial Officer, John A. Colling, has rejected recent claims in the local media that the Stabroek Block Contractor Group manipulates accounting standards to inflate its financial results. In a letter published in the Stabroek...

Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable of delivering scaffolding services offshore Guyana. The company is seeking detailed responses from vendors to support its operations in the Stabroek...

Could CGX’s loss be another company’s reward? The Wei-1 scenario

When CGX Energy Inc. announced a discovery at the Kawa-1 well in February 2022, expectations soared. For the first time in 20 years, CGX had finally delivered a historic find, potentially placing Guyana on track for a second major...

Guyana seeking firm to construct new NGL storage and offloading facility 

The Guyana government has launched a two-part procurement process for the development of a natural gas liquids (NGL) storage and marine offloading facility, a key component of the country’s landmark Gas-to-Energy project. In the first of two notices published on...

Guyana’s May oil output hits new high as Liza 2 and Payara ramp up

Guyana’s offshore oil production reached a new milestone in May 2025, averaging an all-time high of 667,000 barrels per day (b/d). The surge represents a 9.17% increase over April’s output of 611,000 b/d, and brought total crude production for...

Technip Energies: FLNG is the smart choice for Guyana-Suriname gas monetisation

Floating Liquefied Natural Gas (FLNG) offers the most efficient and cost-effective path for monetising gas in the Guyana-Suriname Basin, says Lorenzo Disaro, Offshore Business Director for FLNG-LNG at Technip Energies. “Instead of injecting the gas, it makes sense to send...

US remains Guyana’s main energy partner, says Foreign Secretary

Guyana’s Foreign Secretary, Robert Persaud, said the involvement of major US energy companies in Guyana contributes significantly to the South American nation’s energy security and that of the wider Caribbean. Persaud made the observation in a recent social media...

Venezuela Border Controversy: Guyana’s defence is not about size, it’s about strategy – Brigadier Khan

Guyana’s Chief of Defence Staff, Brigadier Omar Khan, said the Guyana Defence Force (GDF) is implementing a focused military strategy to strengthen its capabilities as tensions with Venezuela persist. “Yes, Venezuela has increased their aggression against Guyana,” Brigadier Khan stated...

Baker Hughes achieved 55% Guyanese workforce in 2024

Baker Hughes reached a major local content win in 2024, with 55% of its workforce in Guyana made up of Guyanese. The company credits sustained investment in local talent and a people-centered development strategy. “People first energy board is really...

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Thousands of teachers and students in Guyana are expected to feel the impact of ExxonMobil’s STEM investment

ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...