Venezuela confirmed an oil accord with the United States on 28 August 2026 covering 17 fields and 65 billion barrels. Article 150 of its Constitution requires National Assembly approval for public interest contracts with companies not domiciled in Venezuela. No such approval is on the public re
Read More →
Omai Gold Mines published a preliminary economic assessment on 19 August proposing a US$1.42 billion gold mine in Guyana. Under the state's own published mining regime, large-scale gold pays an 8 per cent royalty above US$1,000 an ounce. Stabroek oil pays 2 per cent.
Read More →
Venezuela confirmed a US oil deal covering 65 billion barrels across 17 fields, with $100 billion in investment and over $209 billion in state revenue expected.
Read More →
Guyana welcomes fifth FPSO Errea Wittu, set to push oil output beyond one million barrels per day at the Uaru development in the Stabroek Block.
Read More →
President Irfaan Ali said on 18 August that Guyana's share of Stabroek production had reached 39.8 per cent because the cost bank had been recovered two years early. The Stabroek Block is a single accounting unit, so the US$12.7 billion Errea Wittu was recovering against other fields from 2023.
Read More →
Venezuela awarded Loran Phase 2 to a BP-led group on 13 August 2026, with ADNOC's XRG and Qatar-linked UCC holding two thirds of the equity. Loran and Trinidad's Manatee are one reservoir, and the agreement tying them together was terminated in 2019.
Read More →
Dr Priya Marajh ran the Energy Chamber of Trinidad and Tobago on an interim basis from March 2026. In that period she signed bilateral agreements with Guyana's Georgetown Chamber in Houston on 5 May and with the Suriname Energy Chamber in Paramaribo on 23 June. She was confirmed on 14 August 20
Read More →
Washington replaced General Licence 50B with 50C on 27 August 2026, the day before President Trump announced a Venezuela oil deal in a social media post. The licence names six companies cleared to operate there, none from the Americas south of the United States.
Read More →
President Jennifer Geerlings-Simons opened a three-day summit in Paramaribo on 3 August 2026. Her oil minister warned that concentrating local content on oil and gas drains every other sector, the instrument Guyana has already written into law.
Read More →
Trinidad has sought Guyanese crude and gas since February 2024. Guyana declined both. In the same period it signed energy agreements with the Dominican Republic and Jamaica, and nothing with Trinidad.
Read More →
Woodside agreed on 6 August 2026 to sell its 70 per cent operated interest in Calypso to bp, eight days after flagging impairment losses. No investment decision, capital cost or first-gas date has been published.
Read More →
Claudia Sheinbaum signed a decree requiring monthly publication of public contracts. Mexico is currently suspended from the Extractive Industries Transparency Initiative, scoring 49.5 points. Guyana, which joined the same day in 2017, scored 52.
Read More →