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New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund (the Fund) established under the...

Letter-to-the-Editor: Commendable approach by UG as career fair presents vast opportunities for job seekers 

Dear Editor,  While job security and employment opportunities are important for the country’s economy to grow, job seekers must be gainfully informed about the steps...

Guyana’s oil boom could surpass Mexico’s declining sector by 2030

The global oil industry is changing, with Guyana's production rising quickly while Mexico's output declines. This is according to Adrian Duhalt, a fellow at...

Guyana’s energy boom could fuel AI revolution, says industry expert

Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining. Industry expert Aly Orady, Founder...

Guyana’s ‘advantaged barrels’ give it a competitive edge – Wood Mackenzie 

Guyana’s oil production stands out globally due to its low costs and low carbon emissions, making it a key player in the future energy...
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Latest News

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund (the Fund) established under the...

Letter-to-the-Editor: Commendable approach by UG as career fair presents vast opportunities for job seekers 

Dear Editor,  While job security and employment opportunities are important for the country’s economy to grow, job seekers must be gainfully informed about the steps...

Guyana’s oil boom could surpass Mexico’s declining sector by 2030

The global oil industry is changing, with Guyana's production rising quickly while Mexico's output declines. This is according to Adrian Duhalt, a fellow at...

Guyana’s energy boom could fuel AI revolution, says industry expert

Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining. Industry expert Aly Orady, Founder...

Guyana’s ‘advantaged barrels’ give it a competitive edge – Wood Mackenzie 

Guyana’s oil production stands out globally due to its low costs and low carbon emissions, making it a key player in the future energy...
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From sugar estate to offshore drilling; here’s Stephen Moonasar’s journey

Stephen Moonasar’s career path took an unexpected turn—from the sugar estates of Guyana to a drill ship nearly 200 kilometers offshore. His story is...

The Petroleum Activities Act Series

Introduction The Petroleum Activities Act 17 of 2023 (the “PAA”) replaced the Petroleum (Exploration and Production) Act 1986; however, at present, the Regulations made under...

100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development....

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New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund (the Fund) established under the...

Letter-to-the-Editor: Commendable approach by UG as career fair presents vast opportunities for job seekers 

Dear Editor,  While job security and employment opportunities are important for the country’s economy to grow, job seekers must be...

Guyana’s oil boom could surpass Mexico’s declining sector by 2030

The global oil industry is changing, with Guyana's production rising quickly while Mexico's output declines. This is according to...

Guyana’s energy boom could fuel AI revolution, says industry expert

Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining....

Guyana’s ‘advantaged barrels’ give it a competitive edge – Wood Mackenzie 

Guyana’s oil production stands out globally due to its low costs and low carbon emissions, making it a key...
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Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this...
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Noble Developer to drill three wells offshore Suriname

Noble Corporation announced on Monday that it has entered an agreement with PETRONAS Suriname E&P B.V. for the high-specification...

Exxon continues appraisal of Haimara gas discovery

ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said...
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Guyana’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...

Guyana oil production averaged 656,000 b/d in December

ExxonMobil Guyana produced 20.3 million barrels of crude in December 2024 at an average rate of approximately 656,000 barrels...

Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...
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Petronas, ExxonMobil make third Block 52 discovery offshore Suriname 

Petronas has added to Suriname’s oil bounty with a new discovery in Block 52 at the Fusaea-1 exploration well.  The prospect is located about 170...

Russia strikes black gold off British Antarctic coast, 511 billion barrels worth 

(Yahoo News, May 13, 2024): Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading...

Petrobras replicates Guyana, Suriname success with second discovery at Potiguar Basin

Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in...
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Guyana’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced...

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund (the Fund) established under the...

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Eight Guyanese form first cohort of MODEC’s trainee program in Guyana

Eight Guyanese have been selected for the inaugural cohort of MODEC's newly launched trainee program in Guyana, designed to offer global training, hands-on experience,...

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