Oil and Gas

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

ExxonMobil’s Hammerhead development, the seventh project in Guyana’s Stabroek Block, received the government’s approval and a final investment decision from the oil giant in September 2025. The project carries a development cost of about US$6.8 billion. Outlined below are some of the fundamentals of the project. Oil and gas production capacity FPSO and subsea infrastructure

Minister of Natural Resources, Vickram Bharrat, says the associated gas from ExxonMobil Guyana Limited’s (EMGL) seventh development in the Stabroek Block, the Hammerhead project, will be used to fill the pipeline that will supply the Wales Gas-to-Energy (GTE) project. During an interview on the Starting Point Podcast- The Oil and Gas Edition, Minister Bharrat explained

Sispro Inc., a consortium led by Guyanese women, is among four companies that will be signing Production Sharing Agreements (PSAs) with the Government of Guyana (GOG) in October. The agreements cover offshore oil blocks awarded in the country’s inaugural bid round, launched in December 2022. This was disclosed by Minister of Natural Resources, Vickram Bharrat,

By Kiana Wilburg When the People’s Progressive Party/Civic (PPP/C) returned to office in August 2020, it inherited an oil and gas sector that was only beginning to transform Guyana’s economic fortune. Five years later, much has been achieved: four offshore projects are pumping crude, a new petroleum law is in place, and billions of dollars

Komal Singh, Managing Director of GAICO Construction Inc., says that investing in infrastructure is key to Guyana’s future growth. He made these comments during an episode of the Starting Point podcast, hosted by Kiana Wilburg. Singh praised the current government, led by the PPP/C Administration, for its strategic approach. He explained that their projects go beyond just