Oil and Gas

While the Local Content Law has enabled Guyanese to play a meaningful role in the development of the oil and gas sector, citizens are poised to assume even greater leadership roles through the Guyana Technical Training College and the imminent Guyana Development Bank. This is according to Director of the Vreed-en-Hoop Shore Base Inc., Nicholas […]

In response to attacks from the USA and Israel, Iran’s decision to block the Strait of Hormuz, a critical passage for 20 percent of the world’s oil supply, has left many countries in a state of worry. Guyana, in particular, has found itself with a mixed bag of blessings and concerns.  The conflict, which began

Guyana is asserting its sovereignty over the vast Essequibo territory with Venezuela by naming its next floating production, storage and offloading (FPSO) vessel “Essequibo 1899.” This announcement was made by President Dr Irfaan Ali during his feature address at the Annual General Meeting of the Georgetown Chamber of Commerce and Industry (GCCI) last week. “I’ve

Guyana’s share of oil revenues from ExxonMobil’s operations could increase sooner than expected this year if high crude prices persist, the company’s Guyana President Alistair Routledge said Thursday. Oil prices have climbed above $100 per barrel amid escalating tensions involving the United States, Israel and Iran, boosting earnings from Guyana’s growing output in the Stabroek

Guyana’s Gas-to-Energy project is a key part of an effort by the government to ensure the former sugar estate community of Wales transitions into a new industrial hub, replacing economic activity lost after the closure of the estate nearly a decade ago. The Wales sugar estate, the West Bank of Demerara, was among several shuttered

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