Oil and Gas

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 […]

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

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

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

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

Guyana’s Natural Resource Fund (NRF) closed 2025 with a balance of US$3.2 billion, according to Minister of Finance, Dr Ashni Singh, who on Monday presented the 2026 Budget to the National Assembly. Dr Singh reported that during 2025, there were 260 lifts of crude oil from Guyana’s four producing Floating Production Storage and Offloading vessels

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

Guyana expects crude oil shipments to India to rise in 2026, building on a strong flow of barrels to the Asian market last year, according to Guyana’s High Commissioner to India, Dharamkumar Seeraj. Seeraj said about six million barrels of Guyanese crude have been committed to India in 2025 and forecast that volumes would grow

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,