National oil company to focus on refinery, fuel security
President Dr Mohamed Irfaan Ali says the proposed national oil company would not be established to invest in or produce oil, but…
Category: OIL & GAS
AmCham urges Guyana to stay competitive as regional energy race intensifies
Guyana must move quickly to strengthen its competitiveness as neighbouring Suriname and Trinidad and Tobago ramp up development of their energy sectors,…
GPL Renews O&M Contracts with PPDI and APAN Energy Services
Guyana Power and Light Inc. (GPL) has renewed its Operation and Maintenance (O&M) contracts with Power Producers and Distributors Inc. (PPDI) and…
Gossai urges local firms to reinvest oil-sector earnings
–Says lasting benefits will depend on businesses expanding, training workers and building capacity Guyanese businesses benefiting from the country’s expanding petroleum sector…
Guyana’s fifth FPSO set to push oil output past one million barrels daily
Guyana is preparing to cross a major oil-production milestone, with President Dr. Irfaan Ali announcing that the country’s fifth floating production vessel…
Renewal of powership contracts hinge on progress of Gas-to-Energy Project
The Government is expected to review the contract for the 75-megawatt (MW) powership operating in the Demerara River when it expires later…
ExxonMobil rakes in US$14.5B profit in second quarter of 2026
Oil giant ExxonMobil raked in US$14.5 billion in earnings during the second quarter of 2026, a sharp increase from the US$4.2 billion…
ExxonMobil’s fifth Guyana FPSO set for production start-up in fourth quarter
ExxonMobil says its fifth Floating Production, Storage and Offloading (FPSO) vessel for Guyana remains on track to begin production in the fourth…
ExxonMobil Guyana earns $982.5B in 2025 despite lower oil prices
ExxonMobil Guyana Limited recorded after-tax earnings of $982.5 billion in 2025, with higher production from the Stabroek Block helping to cushion the…
Guyana producing about 900,000 bpd, One Guyana FPSO poised for greater output
Guyana’s oil production has climbed to an estimated 900,000 barrels per day (bpd) following the successful ramp-up of the One Guyana Floating…
