Oil and Gas

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,

Guyana is set to see two separate offshore seismic surveys move forward this year, as oil companies and the State advance efforts to deepen the geological understanding of the country’s offshore basin and support future exploration activity. Seismic surveys utilise sound waves to create detailed images of the rock layers beneath the seabed, enabling companies

As part of its tightened oversight of offshore operations, the Environmental Protection Agency (EPA) has enhanced the permit, which now requires ExxonMobil Guyana Limited to submit daily production reports and detailed updates on every well drilled. EPA’s Executive Director Kemraj Parsram, speaking during an interview on the Starting Point Podcast, explained that this new measure

ExxonMobil Guyana Limited (EMGL) and its partners are now required to secure oil spill insurance through insurance companies with local content certificates. This is according to Kemraj Parsram, Executive Director of the Environmental Protection Agency (EPA), who stated that this new provision, embedded in the permits issued to oil companies, is a major win for

Israeli exploration and production company Navitas Petroleum has signed a deal giving it an exclusive option to farm-in to Guyana’s Orinduik Block, marking the first major partnership move for Eco (Atlantic) since previous operators and partners exited the acreage. Eco said Navitas shall pay US$2 million in the deal, which allows Navitas to decide within

The new petroleum agreement for Guyana’s offshore Block S4 requires a consortium led by oil major TotalEnergies to comply with the country’s Local Content Act and contribute US$1 million annually for five years to a government training fund, supporting Guyana’s push to deepen local participation in the oil and gas sector. Article 31 of the