Oil and Gas

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Everything you should know about the Guyana Technical Training College

Guyana’s Technical Training College Inc. (GTTCI) is a purpose-built, multi-sector training institution being developed at Port Mourant, Berbice, to prepare Guyanese and regional trainees for high-demand jobs in oil and gas, hospitality/tourism and skilled trades linked to construction and industrial growth. For years, advanced oil and gas technical training for Guyanese happened overseas. The GTTCI’s […]

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Ministry of Natural Resources budgets $118.9M to review Exxon’s 8th project

The Ministry of Natural Resources has set aside $118.9 million in its 2026 budget to cover the review of an imminent Field Development Plan (FDP) by ExxonMobil Guyana Limited for Longtail, its eighth project in the Stabroek block. This was disclosed by Natural Resources Minister, Vickram Bharrat on Tuesday evening during the consideration of his

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US$32M in signing bonuses already in oil account — Minister Bharrat

Guyana’s Natural Resource Fund (NRF) is already in receipt of US$32 million in signing bonuses following the closure of agreements for two shallow water offshore blocks. This was confirmed by Minister of Natural Resources, Vickram Bharrat, on Tuesday evening as he defended his ministry’s 2026 budget estimates in the Committee of Supply. Minister Bharrat said

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Guyana’s 5th FPSO coming in second half of 2026

Guyana will have its fifth floating, production, storage and offloading (FPSO) vessel in the second half of 2026, Minister of Natural Resources, Vickram Bharrat revealed on Tuesday. The vessel, dubbed Errea Wittu, meaning “abundance,” is being constructed by the Japanese shipbuilder MODEC. It will operate in Guyana’s deep waters at the Uaru project, which is

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‘Almost flawless implementation of Local Content Act delivered over US$2B to our economy’ — Bharrat 

Guyana has seen the “almost flawless implementation” of its Local Content Act, resulting in more than US$2 billion being injected into the domestic economy and preventing Guyanese from becoming “bystanders and spectators” in their own oil and gas sector. This was disclosed by Minister of Natural Resources, Vickram Bharrat, during his contribution to the 2026

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Oil, gold, bauxite power major growth in Guyana’s mining & quarrying sector

Guyana’s mining and quarrying sector is estimated to have expanded by 21 per cent in 2025, according to Minister of Finance, Dr Ashni Singh. During his presentation of Budget 2026 to the National Assembly on Monday, Dr Singh reported that expansion in the oil and gas and support services industry remained strong during the year,

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Guyana’s oil will still be profit-making king if prices plummet to US$28-IDB report

No matter how tough the markets get, Guyana’s oil will still remain king. This was the essence of the latest Caribbean Quarterly Report published by the Inter-American Development Bank (IDB).  The financial institution noted that Guyana is managing “a historic oil boom” given the scale of the resources found in the ExxonMobil-operated Stabroek Block. What

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Guyana wants Indian oil companies to bid in its next offshore auction

Guyana wants Indian oil companies to participate in its next offshore auction as it seeks to diversify investment and production beyond ExxonMobil’s Stabroek Block, the country’s High Commissioner to India, Dharamkumar Seeraj, has said. During a December interview with ANI News, the official said Guyana would welcome interest from Indian private sector or state-owned firms,

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