Guyana tipped for another find
The frontier oil province is set for yet another significant investment opportunity. But political uncertainty is just one of the many myriad challenges the country faces before first oil
Guyana is anticipating the announcement of another major oil find as early as next week, the country's chief investment official said at the SPE Offshore Europe conference. "There have been some big discoveries and, by next Friday, we will be announcing another one", says Owen Verway, CEO of the Guyana Office for Investment, adding that he could not give more detail at this stage. "We are one of the hottest destinations for the oil and gas industry right now and that is set to continue." The frontier province has been among the most successful upstream hotspots for the industry. Since 2015, ExxonMobil and its partners have made 13 discoveries offshore Guyana totaling around 5.5bn bl oe. On 2
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
