Jun 18, 2025
3 min read
Guyana’s oil sector strongly insulated from global price shocks, says analyst
Even if global oil prices plunge below US$50 per barrel, Guyana’s oil sector will remain in the black. That is according to financial analyst Joel…
Oil & Gas
Financial Analyst: Lack of ring-fencing a positive trade-off
Financial Analyst Joel Bhagwandin has contended that the lack of ring-fencing is serving Guyana positively, as it is a key driver behind the country’s ramped-up…
Chevron-Hess Oil Deal Faces Legal Challenge in London
Exxon and CNOOC invoke right to block $53B Stabroek takeover A high-stakes legal battle over Guyana’s most lucrative oil assets is unfolding in London, where…
$28.7B approved for major electricity grid expansion to support Gas-to- Energy Project
The National Assembly has approved a supplementary allocation of $28.7 billion to accelerate the expansion and modernisation of the country’s electricity transmission and distribution networks.…
Trinidad and Tobago eager for energy talks with Guyana
In a bid to find suitable replacements to address dwindling gas reserves, Guyana remains a key possibility for Trinidad and Tobago as that country’s new…
T&T dwindling gas reserves: Young urges Kamla to continue talks with Guyana
Former Prime Minister of Trinidad and Tobago, Stuart Young has encouraged his successor, Kamla Persad-Bissessar to continue talks with Guyana and Suriname as the country…
Strategic logistics joint venture to add to Guyana’s burgeoning O&G sector
A new joint venture between Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) will be adding to the country’s logistics capabilities in the oil…
Fourth FPSO to be operational by August
President of ExxonMobil Guyana Limited, Alistair Routledge, has announced that the fourth Floating Production, Storage, and Offloading (FPSO) vessel will be operational by August, leading…
Exxon earns US$7.7 billion in first quarter
ExxonMobil Corporation today announced first-quarter earnings for 2025 of US$7.7 billion, attributing its success to key developments in the Guyana oil industry and other international…
First Quarter: Guyana receives US$3.3 billion in oil revenue
In the first quarter of 2025, Guyana received approximately US$3.3 billion in oil revenue. This is according to the Senior Minister in the Office of…
Local Content Certificates to be issued in three weeks
The government, in a bid to increase the efficiency of the local content system and enable businesses entering the oil and gas sector, will be…
Commercial viability will determine processing of Guyana’s gas in T&T
The processing of Guyana’s gas to support Trinidad and Tobago’s dwindling reserves will be determined by private investors based on its commercial viability. This is…
MODEC secures FPSO contract from ExxonMobil’s 7th Project
Japanese shipbuilder MODEC has been awarded its second contract for the development of a Floating Production, Storage, and Offloading (FPSO) vessel, this time for the…
Datadin urges more benefits for petroleum-related sectors
Attorney-at-Law and Member of Parliament Sanjeev Datadin has said that improvements to the Local Content Act must include greater benefits for petroleum-related sectors. He made…
Guyana welcomes arrival of ONE GUYANA FPSO
Guyana has officially welcomed the arrival of the ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel, marking a major milestone in the country’s expanding…
Entrepreneurs urged to explore opportunities in O&G support sectors
Guyanese entrepreneurs are being urged to ‘think outside the box’ and explore business opportunities in oil and gas-related sectors. The call was made by Dominique…