Oil Archives

February 9, 2026

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Economist Richard Rambarran has dispelled claims that oil fund resources are being spent on infrastructure and capital projects at the expense of citizens. Speaking on the Starting Point podcast, Rambarran rejected calls for unconditional cash transfers, saying such measures are unsustainable and could harm the broader economy. “One can programme a budget where we move […]

January 10, 2026

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Work on Guyana’s landmark Gas-to-Energy (GTE) Project in Wales is progressing steadily and remains on track for completion by the end of 2026. Prime Minister Brigadier (Ret’d) Mark Phillips visited the site to receive a detailed briefing on the project’s status. The GTE Project, overseen by the Office of the Prime Minister, is a key […]

November 20, 2025

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China is preparing to receive its first shipment of Guyana’s Golden Arrowhead crude, a development that signals growing Asian interest in the country’s expanding suite of offshore oil grades. The milestone underscores the global market’s increasing appetite for Guyana’s production. According to OilNOW’s reporting, the Sophia very large crude carrier (VLCC) has loaded a combined […]

October 28, 2025

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AMID the Venezuelan government’s proposal on October 27 to suspend all gas ties with Trinidad and Tobago, Prime Minister Kamla Persad-Bissessar has defiantly declared that TT does not need Venezuelan gas, and never did. “Our future does not depend on Venezuela and never has,” she told Newsday via WhatsApp. “We have our plans and projects […]

April 23, 2025

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The Guyana Government is set to table the critical ‘Oil Spill Bill’ in the National Assembly next Monday, establishing the international standards under which operators in the industry are expected to function. During his weekly Issues in the News programme on Tuesday, Attorney General and Minister of Legal Affairs, Anil Nandlall, announced that the “landmark” […]

April 15, 2025

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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 offshore oil industry and broader national development goals. According to a release, constructed by SBM Offshore, the state-of-the-art vessel is set to support ExxonMobil Guyana’s Yellowtail development in the highly […]

April 3, 2025

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The government has identified three major businesses within the booming oil and gas sector for citizens to invest in and earn a guaranteed rate of return on their investments, Vice President Dr Bharrat Jagdeo announced today. These initiatives, he explained, will cater to the common man, with investment opportunities starting from as little as $50,000. […]

March 20, 2025

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Guyana’s lucrative oil economy will continue to be a major contributor to regional economic growth, even as the country’s expansion is projected to slow this year. This was stated by Caribbean Development Bank (CDB) Director of Economics, Ian Durant, as he presented an overview of the Caribbean’s 2024 performance and the region’s 2025 trajectory at […]

March 15, 2025

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The Guyana government has officially reclaimed ownership of the Corentyne oil block, which was operated by the joint venture (JV) of Canadian companies CGX Energy Inc. and Frontera Energy Corporation. On Thursday, the JV stated that they had received communication from the Guyana government, notifying them of the decision to terminate their petroleum agreement […]

February 19, 2025

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President of the Dominican Republic, Luis Abinader, has announced his country’s readiness to finalise petroleum exploration agreements with the Government of Guyana as part of the Memorandum of Understanding (MoU) signed between the two nations in 2023. The Latin American leader made this announcement during his keynote address at the opening of the 4th edition […]

Tag: Oil

Rambarran: Oil fund spending on infrastructure not at citizens’ expense

Gas-to-Energy Project on track for year-end completion

China takes first cargo of Guyana’s Golden Arrowhead Crude, marking new push into Asian Market

T&T Prime Minister: ‘We don’t need Venezuelan gas’

‘Oil Spill Bill’ ready for the National Assembly

Guyana welcomes arrival of ONE GUYANA FPSO

Small investors to benefit from O&G sector

Guyana’s oil economy remains key driver of regional growth

Guyana reclaims Corentyne oil block, terminates CGX-Frontera agreement and licence

Dominican Republic, Guyana to decide on petroleum agreements soon

Brackish-water shrimp farming introduced in Region Two to support farmers’ incomes

CARPHA brings together regional experts to tackle health challenges

ICJ to begin oral hearings in Guyana-Venezuela border case on May 4

Brackish-water shrimp farming introduced in Region Two to support farmers’ incomes

CARPHA brings together regional experts to tackle health challenges

ICJ to begin oral hearings in Guyana-Venezuela border case on May 4