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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
