Oil and Gas

The Government of Guyana, through the Ministry of Natural Resources, has welcomed the arrival of Errea Wittu, Guyana’s fifth and largest Floating Production, Storage and Offloading (FPSO) vessel, which will take oil production beyond one million barrels per day. Constructed by MODEC for the Uaru development in the Stabroek Block, the Errea Wittu is expected […]

Guyana is expected to receive approximately 32 million barrels of oil for the third quarter of 2026, the highest it has ever collected in three months from the Stabroek Block.  The country usually receives three lifts per month, each totalling an estimated one million barrels of oil. This major increase to 32 lifts, amounting to

By Kiana Wilburg  Now that ExxonMobil and its partners have recovered their US$55 billion investment across multiple projects in the Stabroek Block, Guyana has, as of July 2026, become the largest taker of oil barrels from the offshore concession.  On July 31, 2026, ExxonMobil confirmed that the investment had been fully recovered, roughly two years

Guyana’s transformation into one of the world’s fastest-growing economies has brought many opportunities. Still, it has also created one of the toughest challenges any government can face: managing the growing expectations of citizens regarding the spending of oil revenues. Few governments have faced this challenge on the scale confronting Guyana today. The country is simultaneously

Guyana’s push for equal pay between qualified local and expatriate workers in the oil and gas sector has received positive responses from ExxonMobil Guyana and major floating production, storage and offloading (FPSO) contractors, says Minister of Natural Resources Vickram Bharrat. Speaking on the July 12 episode of Starting Point, Bharrat said the government’s call is

As Guyana nears the start-up of its gas-to-energy project in late 2026 or early 2027, attention is increasingly shifting from construction to what comes next. This entails operating the facilities, managing the electricity network and ensuring emergency systems are in place to protect critical infrastructure. The gas-to-energy project is designed to bring associated natural gas

No matter the scale of Guyana’s oil and gas developments, it will not trump the protection of the environment, says lead climate negotiator for the country, Dr Pradeepa Bholanath. Speaking on the June 14th episode of the Starting Point Podcast, Dr Bholanath said Guyana’s rapid oil and gas expansion has been guided by a blueprint

Over the past six years, Guyanese businesses have built their place in the country’s oil and gas industry, supplying offshore operations with everything from logistics and fabrication to catering and waste management services. But ExxonMobil Guyana’s proposed Haimara development suggests the next wave of opportunities for locals could be even bigger. The project, outlined in

Guyana’s emerging gas developments are poised to transform the country into a major industrial hub, enabling manufacturing, petrochemicals and data-driven industries, says Minister of Finance, Dr. Ashni Singh. Speaking on the May 3 episode of the Starting Point Podcast, Dr. Singh explained how the government’s gas strategy, anchored by the Wales Gas-to-Energy project and a

Guyana’s Stabroek Block has helped ExxonMobil, Chevron and CNOOC, three of the world’s largest oil producers, record massive profits for the first quarter of 2026.  ExxonMobil, the block’s operator with a 45% stake, reported first-quarter earnings of US$4.2 billion. It said overall oil production at its four ships in Guyana exceeded 900,000 barrels per day