Oil and Gas

French oil giant, TotalEnergies, along with its partners Qatar Energy and Petronas, will expend approximately US$300 million over the next 12 to 18 months in search of oil deposits in their new block—S4 offshore Guyana. The company recently received its exploration license and petroleum agreement from the government after it participated in the country’s first […]

Guyana has unveiled three new proposed projects tied to its Gas-to-Energy project at Wales on the West Bank of Demerara. These include a US$300 million ammonia and urea plant, a gas bottling and logistics company, and a natural gas liquids (NGL) storage and marine offloading facility. This is part of a broader strategy to monetize

Guyana is expected to earn US$2.5 billion in oil revenues for 2025, largely due to receiving more profit oil from the Stabroek block. This is according to the 2025 mid-year report released by the Ministry of Finance on Monday. Profit oil refers to the barrels of oil that the government is entitled to after ExxonMobil

The Longtail Project marks the eighth offshore development being pursued by ExxonMobil and its partners, Chevron and CNOOC, in the prolific Stabroek Block. This venture is expected to last for approximately 30 years, making it ExxonMobil’s longest-running project offshore Guyana.  Unlike traditional black oil projects, Longtail focuses on the extraction of lighter hydrocarbons – primarily

By Kiana Wilburg When it comes to the utilisation of Guyana’s gas resources, President of ExxonMobil Guyana Ltd. Alistair Routledge has confirmed that all options, including conversion to Liquefied Natural Gas (NGL), remain on the table.  Routledge provided this clarification during his maiden appearance on the Starting Point Podcast – The Oil and Gas edition.

Vice President Dr. Bharrat Jagdeo says the Government of Guyana is positioning the country to take a greater role in marketing its own crude oil, as part of a wider effort to strengthen domestic capacity in the energy sector. Currently, Guyana’s crude is marketed through a transparent tender process, under which prequalified companies bid to

Guyana is expected to allocate $200 million (about US$1 million) in seed capital next year to launch a new state-backed development bank. It is aimed at financing small and medium-scale enterprises (SMEs). Vice President Bharrat Jagdeo had told reporters the government hopes to have the institution “fully established and functional” before the end of next

Newly appointed Director of the Local Content Secretariat, Michael Munroe, says ExxonMobil Guyana Limited (EMGL), the operator of the Stabroek Block, along with other oil companies, has not limited itself to procuring goods and services from Guyanese, as dictated by the Local Content Law. According to Munroe, this is one of the reasons why the

Every Floating Production Storage and Offloading (FPSO) vessel that becomes operational offshore Guyana in the Stabroek Block brings with it additional opportunities for the employment and procurement of services from Guyanese. This was outlined by the newly appointed Director of the Local Content Secretariat, Michael Munroe, during an appearance on the Starting Point Podcast–The Oil