ExxonMobil Guyana Limited (EMGL) has begun a new phase of offshore drilling activities at the Liza Phase Two development, with operations set to continue until the end of February 2026. According to a Notice to Mariners issued by the Maritime Administration Department, drilling commenced on January 18 at the Liz_3P13 drill centre, located within the […]
OIL & GAS
Air quality “non-negotiable” as stricter flaring rules enforced offshore -EPA Head
Air quality protection remains one of Guyana’s top regulatory priorities in the oil and gas sector, says Environmental Protection Agency (EPA) Head Kemraj Parsram, who highlighted stronger safeguards now embedded in ExxonMobil’s environmental permits. Speaking on the Starting Point podcast hosted by Kiana Wilburg, Parsram said the EPA has significantly strengthened its conditions for emissions […]
Oil spill plan must be proven in action, not left on shelf -EPA Head
The head of the Environmental Protection Agency (EPA), Kemraj Parsram, says operators in Guyana’s offshore oil sector cannot simply submit oil spill response plans and leave them on the shelf. He explained that these plans must be activated and tested to ensure every party involved is ready to respond if a major incident occurs. Speaking […]
Gov’t to sign new shallow-water PSA next week
Minister of Natural Resources, Vickram Bharrat, has confirmed that Government will next Tuesday sign a Production Sharing Agreement (PSA) with Cybele (Cybil Energy Limited) for the S7 shallow-water block. He explained that most of the shallow-water blocks awarded in the recent bid round measure an average of 2,000 square kilometres, including the S7 block. “We […]
Chevron sets 2026 capital spend, highlights focus on Guyana stake
Chevron has announced that it will invest between US$18 billion and US$19 billion in 2026, with most of the spending directed toward its U.S. operations and projects tied to its recently acquired interest in Guyana’s Stabroek Block. The company noted that this range falls at the lower end of its earlier forecast of US$18–US$21 billion […]
South America set to lead global supply of new oil, Guyana emerging as key driver
South America is on track to become the world’s top source of new oil outside the OPEC+ group, with Rystad Energy projecting strong year-on-year growth across the decade. The forecast was outlined during a recent episode of the “Let’s Talk Energy” podcast, where Rystad vice-president Radhika Bonsal broke down the region’s expanding role in global […]
Supertankers carry Guyana’s crude to India in face of sanctions
Indian refiners are turning to Guyana for supplies as new US restrictions on Russian oil reshape global buying patterns, prompting two supertankers to set out on a lengthy 11,000-mile journey to South Asia. Ship-tracking data show that the Very Large Crude Carriers Cobalt Nova and Olympic Lion departed Guyana in the final days of November, […]
President Ali urges human-capital readiness as Guyana navigates ‘golden era’ of oil growth
President Dr Irfaan Ali is urging Guyana to pair its record-setting oil production with equally ambitious human-capital development, warning that the country’s transformation could be undermined without a workforce capable of keeping pace. Speaking at the Guyana Oil and Gas Energy Chamber’s Annual Awards Presentation Dinner, he emphasised that Guyana’s unprecedented economic moment—one he described […]
President Ali announces ambitious national expansion plan amid oil-sector boom
President Dr Irfaan Ali has announced that Guyana is entering a decisive phase of national development, driven by disciplined management of its rapidly growing oil sector and the rollout of a transformative economic strategy. Addressing private-sector leaders, diplomats, policymakers, and industry executives on Friday evening at the Guyana Oil and Gas Energy Chamber’s Annual Awards […]
Guyana’s oil output set for major leap as production climbs toward 930,000 barrels per day -Pres Ali
Guyana is preparing for another major jump in oil production, with output moving from roughly 650,000 barrels per day at the start of 2025 to 930,000 barrels per day by year-end, marking one of the most rapid expansions in the global petroleum industry. The update came as President Dr. Mohamed Irfaan Ali reflected on the […]