1. Home
  2. Oil & Gas

Oil & Gas

US$300M Vreed-en-Hoop Shore Base Opens

The Vreed-en-Hoop Shorebase Inc. (VEHSI), a state-of-the-art US$300 million facility, was officially inaugurated on Saturday, marking a significant milestone in Guyana’s maritime and energy sectors. This shore base, located on a 44-acre artificial island, is poised to play a critical role in supporting ExxonMobil Guyana’s offshore operations while setting the stage for further development in […]

One Guyana FPSO expected to arrive in Guyana by first half of this year

The ‘One Guyana’ Floating Production Storage and Offloading (FPSO) vessel is expected to arrive in Guyana by the first half of this year. Senior Minister in the Office of the President with responsibility for Finance and Public Service, Dr. Ashni Singh, made this disclosure during the presentation of the $1.382 trillion 2025 National Budget. “Upon […]

Guyana reached unprecedented heights in 2024, with an estimated 225.4M barrels of crude oil produced

The oil industry in Guyana reached unprecedented heights in 2024, with an estimated 225.4 million barrels of crude oil produced. This is an expansion of 57.7 per cent. Prosperity, Guyana’s third Floating, Production, Storage, and Offloading (FPSO) vessel, had a significant increase in production, which was the main driver of the sector’s growth. The average […]

Guyana Technical Training College to Launch Comprehensive 18-Month Oil & Gas Program in October

The Guyana Technical Training College Inc., situated in Port Mourant, Corentyne Berbice, is poised to initiate a comprehensive 18-month training program in October of this year. In a recent interview, the Director of the institution, Professor Clement Sankat, elaborated on the current educational landscape. He noted that existing students often travel to Canada to undertake […]

Guyana’s Energy Sector Achieves Major Milestones in 2024

Guyana’s energy sector reached new heights in 2024, driven by significant growth in crude oil production and notable advancements in renewable energy initiatives. The country exported 225 cargoes of crude oil over the year, a remarkable 54% increase compared to 2023. This achievement has elevated Guyana to the position of the fifth-largest crude exporter in […]

Green State Oil and Gas Services launches Project Her Guyana to empower women

Green State Oil and Gas Services Inc. has announced the launch of its flagship initiative, Project Her Guyana, set to take place on March 29, 2025, at the Pegasus Suites Exhibition Centre in Georgetown. The one-day workshop, themed “Recognising and Inspiring HER in the Field of Project Management,” aims to empower women by providing tools, […]

Attorney General announces competition of draft Oil Spill Bill

Attorney General and Minister of Legal Affairs, Anil Nandlall, SC, has announced the completion of the draft for the long-anticipated oil spill bill. The proposed legislation, formally titled the Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill of 2025, has been sent to the Office of the President for further review and action. “The Office […]

MP Datadin upbraids Christoper Ram over renewed calls for renegotiation of 2016 PSA

Member of Parliament and Attorney-at-Law Sanjeev Datadin has strongly criticised calls for the renegotiation of the Petroleum Agreement between the Government of Guyana (GOG) and ExxonMobil (EEPGL), dismissing such suggestions as legally unfounded and economically destabilising. In a scathing response to an article by Christopher Ram in Stabroek News, the MP decried the continuous push […]
Close