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Guyanese unmoved by Maduro’s election gimmick, no evidence of voting found in border communities

Guyanese are resilient in the face of adversity. They are a spirited people, with deep cultural roots and a strong sense of national identity. This much was showcased tenfold today. Love of country was high.  In Venezuela, Nicolas Maduro’s election...

Sweden leads Guyana oil takers in April – OilX data

Sweden received the highest number of crude oil cargoes from Guyana in April 2025, according to vessel tracking intelligence provided by OilX, a firm specializing in global oil flow analytics. Four shipments were delivered to Sweden during the month —...

Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in London. The hearing will focus on a prized 30% stake in Guyana’s Stabroek Block, according to a Reuters report. The confidential...

Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its partners over US$214 million in expenses claimed for oil operations in the offshore Stabroek Block, the Natural Resources Ministry said...

‘We are not awash with oil money,’ Guyana Vice President says

Guyana’s Vice President Bharrat Jagdeo on Wednesday pushed back against claims that the country is flush with oil wealth, asserting that revenues from the sector fund only a fraction of national spending. Speaking at the annual National Toshaos Council Conference,...

President Ali: Guyana will not cede an inch of Essequibo to Venezuela

President Irfaan Ali on Tuesday said Guyana remains “83,000 square miles proud and strong, unshakable, unbreakable,” as Venezuela pushes ahead with plans to stage elections in the disputed Essequibo region. “We are respectful of international order, international rule of law,”...

U.S. stands ready to support Guyana army in its efforts to eradicate criminal activity along border with Venezuela – Theriot

U.S. Ambassador to Guyana, Nicole Theriot, has issued a strong call backing the Guyana Defence Force (GDF) and condemning the criminal elements allegedly tied to Venezuela’s sindicato gangs, who opened fire on GDF patrols along the Cuyuni River last...

The PAA Series: Management Themes (Part 5)

In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023 (the ‘PAA’) we noted that a discovery can be (i) of no potential commercial interest...

Gas discoveries poised to power 21st-century Guyana and regional growth – Exxon VP 

Ever thought about what 21st-century Guyana would look like? Modern infrastructure, advanced technology, perhaps.  Whatever the vision, though, natural gas is expected to be at the center of it all, according to Senior Vice President for Deepwater at ExxonMobil Upstream...

Guyana got US$900 million from oil in first four months of 2025

Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank of Guyana reports show, reflecting continued robust inflows from the ExxonMobil-operated Stabroek Block. According to the...

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Guyana drilling surges as ExxonMobil and Halliburton deliver first fully automated closed-loop well placement

Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies...