Guyana has rapidly transformed into South America's third-largest oil producer through the explosive development of the Stabroek Block, driven by Exxon-led investment, record-fast project execution, and highly favorable early contract terms.

Welcome to the second of our five-part blog series about Guyana, an American ally that has emerged as one of the fastest-growing economies in

Cybele Energy has signed a production sharing agreement with Guyana to explore and produce oil and gas at an offshore block. This agreement, which follows a recent similar deal with TotalEnergies, involves a $17-million signing bonus and targets up to 400 million barrels of oil.

Ghana-based player Cybele Energy on 9 December finally signed the PSA for shallow-water Block S7 after paying a signature bonus of $17 million, approximately $7 million more than the minimum required.

THE Maritime Administration Department (MARAD) has raised concerns over the growing misuse of the Guyana flag by vessels not registered in the country. The

Africa Legal Associates (ALPi Ghana) has announced the successful signing of the Petroleum Agreement and the issuance of the Petroleum Exploration License for Shallow Water Block S7 to Cybele Energy Ltd.

Guyana’s government has launched an online school expected to boost the education of thousands of students in the South American nation’s vast and largely impoverished Amazonian regions and the wider