Oil & Gas Archives

July 4, 2025

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The arbitrators in a legal dispute between Exxon Mobil (XOM.N), opens new tab and Hess (HES.N), opens new tab have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter. The ruling will determine whether Chevron (CVX.N), opens new tab can move forward with its $53 […]

July 2, 2025

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The Government of Guyana on Wednesday confirmed that ExxonMobil Guyana Limited (EMGL) has completed the relinquishment of 20 per cent of the Stabroek Block, returning 2,534 square kilometers to the state in accordance with national legislation. The Ministry of Natural Resources (MNR), in collaboration with the Guyana Geology and Mines Commission (GGMC), said the review […]

June 30, 2025

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Tourism and Hospitality Association of Guyana (THAG) President, Mitra Ramkumar, is keen on growing the membership of the organisation and building relationships with key players in the oil and gas sector. Recognising the sector’s influence on the growing tourism industry, Ramkumar—re-elected as THAG President for the third time—told Ignite News that he listens keenly to […]

June 19, 2025

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General Secretary of the People’s Progressive Party (PPP), Dr. Bharrat Jagdeo, launched a scathing critique of the opposition APNU+AFC coalition, accusing them of poor leadership, failed land policies, internal disarray, and a lack of credibility. Speaking at his weekly press conference today at Freedom House, Dr. Jagdeo called attention to the past actions of the […]

June 18, 2025

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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 oil production. Several commentators have argued that, to ensure maximum profits from Guyana’s numerous oil fields within the Stabroek Block, the implementation of the ring-fencing mechanism is important to ensure […]

June 17, 2025

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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 Bhagwandin, who says the country’s low breakeven cost offers strong insulation in volatile markets. Speaking to Ignite News, Bhagwandin said while many global producers could face heavy losses if prices […]

May 27, 2025

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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 energy titans are clashing over control of the Stabroek Block- home to one of the world’s largest offshore oil discoveries in recent years. The dispute stems from Chevron’s […]

May 26, 2025

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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. This funding is critical to integrating the forthcoming 300-megawatt (MW) Gas-to-Energy (GtE) project into the national grid, aiming to provide more reliable and affordable electricity across the country. […]

May 13, 2025

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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 government moves towards energy talks here. Trinidad and Tobago’s Energy Minister Dr. Roodal Moonilal, announced Monday that he has already reached out to the Guyanese government. “I can confirm that […]

May 9, 2025

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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 pursues remedies to its dwindling gas reserves. Stuart, who also held the post of energy minister, has warned that the task will not be an easy one as there are […]

Category: Oil & Gas

Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say

Guyana confirms Exxon relinquished 20 per cent of Stabroek Block

THAG President: Tourism and O&G sectors go hand-in-hand

Jagdeo: Ali and Phillips bring experience, opposition offers novices

Financial Analyst: Lack of ring-fencing a positive trade-off

Guyana’s oil sector strongly insulated from global price shocks, says analyst

Chevron-Hess Oil Deal Faces Legal Challenge in London

$28.7B approved for major electricity grid expansion to support Gas-to- Energy Project

Trinidad and Tobago eager for energy talks with Guyana

T&T dwindling gas reserves: Young urges Kamla to continue talks with Guyana

Mustapha unveils roadmap to safeguard country's water systems against climate change

Banks DIH uncorks XM Rum partnership for GSL 2026

Guyanese oil and gas workers must get equal pay, says Minister Bharrat

Mustapha unveils roadmap to safeguard country’s water systems against climate change

Banks DIH uncorks XM Rum partnership for GSL 2026

Guyanese oil and gas workers must get equal pay, says Minister Bharrat