OIL & GAS

OIL & GAS

Gov’t investing heavily in local training to build globally competitive oil and gas workforce

February 20, 2026 Staff Reporter

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Guyana is ramping up efforts to train a world-class oil and gas workforce locally, with President Dr. Mohamed Irfaan Ali revealing that the government is investing about US$150,000 in each trainee at the newly commissioned Guyana Technical Training Institute (GTTI) in Port Mourant, Berbice. Speaking on his Tea on the Terrace podcast, the President said […]

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OIL & GAS

Bharrat says Guyana’s oil and gas sector among best-managed globally

February 4, 2026 Staff Reporter

Minister of Natural Resources Vickram Bharrat on Tuesday told the National Assembly of Guyana that Guyana’s oil and gas sector is now regarded internationally as one of the best managed among producing countries, pointing to transparency, accountability and visible development outcomes as proof. “…let me say in this house, Mister Speaker, that Guyana’s oil and […]

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OIL & GAS

Rubio warns investors will ‘just invest the money in Guyana’ if Venezuela lacks certainty

January 29, 2026 Staff Reporter

United States Secretary of State Marco Rubio has said international energy investors are unlikely to take risks in Venezuela’s oil sector if there are no strong guarantees for property rights, contract enforcement and legal protection, warning that companies could instead choose Guyana or other oil-producing jurisdictions. Rubio made the remarks while testifying on President Donald […]

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OIL & GAS

Oil and gas steadfast with 16.2% projected growth in 2026 as production nears 840,000 bpd -Dr. Singh

January 27, 2026 Staff Reporter

Guyana’s oil and gas sector will continue to anchor strong economic expansion in 2026, with overall growth projected at 16.2 per cent, according to Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh. Speaking in the National Assembly on Monday as he outlined macroeconomic targets for 2026, Singh said Guyana’s […]

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OIL & GAS

Guyana to launch first government-led 3D seismic survey across unlicensed offshore acreages

January 26, 2026 Staff Reporter

Guyana is moving to conduct its first government-led, multi-client 3D seismic survey across unlicensed offshore acreages, a step that will strengthen future petroleum licensing rounds and support the establishment of a local data repository. Senior Finance Minister Dr. Ashni Singh told the National Assembly that the government is engaging two seismic acquisition companies to conduct […]

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FINANCE

NRF earned US$2.1B in profit oil in 2025 -Singh

January 26, 2026 Staff Reporter

Guyana’s Natural Resource Fund (NRF) received US$2.1 billion in profit oil revenues in 2025, according to Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, during his Budget 2026 presentation in the National Assembly on Monday. Presenting the NRF update, Singh told the House that 260 lifts of crude oil […]

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OIL & GAS

ExxonMobil to continue offshore drilling at Liza Phase Two through end of February

January 20, 2026 Staff Reporter

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 […]

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ENVIRONMENT

Air quality “non-negotiable” as stricter flaring rules enforced offshore -EPA Head

December 9, 2025 Staff Reporter

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 […]

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OIL & GAS

Oil spill plan must be proven in action, not left on shelf -EPA Head

December 9, 2025 Staff Reporter

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 […]

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OIL & GAS

Gov’t to sign new shallow-water PSA next week

December 6, 2025 Staff Reporter

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 […]

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