Oil and Gas

President Dr Irfaan Ali believes the country has experienced a glorious year, maintaining a strong performance as a magnet for foreign and local investments. The head of state said this is particularly evident when one examines the prudent management that has enabled Guyana to close the year with 930,000 barrels of oil per day. Another […]

As Guyana continues to accelerate oil output, thereby contributing to the global crude stockpile, recent projections by the International Energy Agency (IEA) indicate that the world is expected to experience an oversupply in the next five years. While this would force demand to grow modestly, the IEA forecasts that oil prices are likely to remain

Guyana’s decision to award the shallow water Block S4 to a consortium led by TotalEnergies is an early test of the government’s effort to tighten oversight of the sector and accelerate investment beyond the long-dominant ExxonMobil-led Stabroek Block group. For years, ExxonMobil and partners Hess and CNOOC have been the only operators to make commercial

OilNOW — Few academics in the Caribbean have shaped as many institutions as Professor Clement Sankat. The chartered mechanical engineer and veteran educator has spent more than four decades using education to fuel national development, from expanding universities in Trinidad and Belize to now leading Guyana’s flagship oil and gas training institution. During a recent

President, Dr. Irfaan Ali is giving Guyanese here and abroad first preference to invest in two of the country’s most transformative gas-based industries stemming from the imminent gas-to-energy project. These are the planned fertilizer plant and the gas-bottling and logistics company. The head of state made this announcement on Tuesday at the Berbice Development Summit.

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.