President Dr Mohamed Irfaan Ali has announced that Guyana will soon commence one of the world’s fastest gas-to-shore projects. The government aims to have a second major gas pipeline ready by 2030 to support the country’s industrial growth, particularly the significant development happening in Berbice. Speaking at a reception hosted for visiting UK Parliamentarian Paulette […]
OIL & GAS
Guyana now leads the world in oil production per capita
Guyana has reached a historic milestone, officially becoming the world’s largest oil producer per capita after national output climbed to 900,000 barrels per day on November 12, 2025. With a population of about 750,000, the country’s oil production now works out to more than one barrel per person each day, a ratio unmatched anywhere else […]
MONR rejects Kaieteur News article
The Ministry of Natural Resources has rejected a Kaieteur News article published on November 21, 2025, which claimed that the new petroleum agreement for Block S4 leaves a loophole allowing TotalEnergies, Qatar Energy and Petronas to recover royalty payments owed to Guyana. According to the Ministry, this conclusion is “inaccurate and uninformed,” since royalties are […]
Guyana’s Oil Heads to China as First Golden Arrowhead Cargo Sets Sail
Guyana’s newest crude grade, Golden Arrowhead, is now on its way to China, marking a significant shift in the destination of the country’s oil exports as production from the Stabroek Block continues to grow at a rapid pace.Oil analytics firm OilX has confirmed that a Very Large Crude Carrier (VLCC), the Sophia VLCC, has departed […]
MODEC reports major boost as Guyana’s Hammerhead project drives 2025 growth
Japan-based FPSO builder MODEC Inc. is crediting much of its strong 2025 performance to work it secured in Guyana, particularly the new contract with ExxonMobil Guyana for the Hammerhead development in the Stabroek Block. For the first nine months of 2025, MODEC said it received US$8.4 billion in orders, a massive 1,327% jump compared to […]
Longtail gas project positioned to pun 30 years, powering Guyana’s industrial future
ExxonMobil’s planned Longtail development is being built as a long-term operation, expected to run for roughly three decades, and is set to deliver one billion cubic feet of gas per day along with 250,000 barrels of condensate. The scale and lifespan of the project place it among the company’s most significant ventures in the Stabroek […]
ExxonMobil to drill three new wells in 2025 near Guyana’s high-yield ‘Golden Lane’ oil zone
ExxonMobil is gearing up to drill three new exploration and appraisal wells in 2025- Hamlet-1, Barreleye-2, and Lukanani-2- all strategically located updip of the highly productive Golden Lane trend in the Stabroek Block. According to a November 11 report by global energy magazine GeoExPRO, the wells are positioned in a prime geological zone that has […]
President Ali outlines vision for Guyana to become a global petrochemical hub
President Dr Irfaan Ali has laid out an ambitious plan for Guyana to expand its oil and gas sector beyond crude production and transform into a major global petrochemical hub. Speaking at the Berbice Development Summit on Tuesday at the Georgetown Marriott, the Head of State said Guyana has the potential to extract maximum value […]
Government of Guyana Welcomes QatarEnergy to Block S4
The Government of Guyana, through the Ministry of Natural Resources, has signed a Production Sharing Agreement (PSA) for shallow-water Block S4 offshore Guyana with a consortium of QatarEnergy (35%), TotalEnergies (40%, operator), and PETRONAS (25%). This award, part of the country’s first 2022 Licensing Round, marks another milestone in responsibly developing Guyana’s hydrocarbon resources. The […]
ExxonMobil’s Uaru and Whiptail Projects on track to push Guyana’s oil output past one million barrels daily
ExxonMobil Guyana’s oil output is set for another major boost, with President Alistair Routledge confirming that the company’s fifth and sixth offshore developments — Uaru and Whiptail — are progressing smoothly and remain on track for startup in 2026 and 2027, respectively. Routledge gave the update during a press briefing on October 13 at ExxonMobil’s […]