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The Guyana government has withdrawn US$3.195 billion (GY$666 billion) from the Natural Resource Fund (NRF) to date, the Bank of Guyana said in a report. This sum covers three years of spending – 2022 to 2024. The government started spending...

Paramakatoi Secondary, Abram Zuil Secondary, and St. Rose’s High emerged as champions in the third annual Guyana-Monaco Mousetrap Car Grand Prix Competition. The event was hosted by SBM Offshore Guyana at the Cliff Anderson Sports Hall in Georgetown on...

French oil and gas giant TotalEnergies ended the previous year with an adjusted net income of US$18.3 billion and cash flow of US$29.9 billion. This is even with a softer market due to declining refining margins.  The company said for...

Dr. Alicia Roberts, Dean of the Faculty of Law at the University of the West Indies St. Augustine, cautions that poorly formed local content laws or policies can create major inefficiencies and delays in the oil and gas sector.  At...

As Suriname prepares for its first deepwater development, Guyana’s President, Dr. Irfaan Ali, urged that country's government and private sector to “act early” in laying the foundation for its long-term economic transformation.  Addressing a recent conference in Suriname, Ali said...

By executive order, President Donald Trump on Monday urged the U.S. Treasury and Commerce Departments to establish a United States Sovereign Wealth Fund (SWF), proposing the acquisition of TikTok and directing the profits into the fund.  The White House said...

The Corentyne River Bridge, a major project designed to enhance bilateral relations between Guyana and Suriname, faces potential setbacks, due to delays on the Surinamese side, according to the country’s Public Works Minister, Riad Nurmohamed.  “The money is there, that...

Energy filled the National Sports Hall as teams from 12 secondary schools across Guyana competed on Thursday for first place at the 3rd Guyana-Monaco Mousetrap Car Grand Prix competition, the largest ever since its inception.  Paramakatoi Secondary, Abram Zuil Secondary...

Guyana's highly anticipated 300 megawatts (MW) Gas-to-Energy power plant will start operations on November 1. During a recent parliamentary hearing, Prime Minister Mark Phillips said, “the first of November, the simple cycle will be on stream for the Gas-to-Energy...

The impending entry of more major oil companies into Guyana’s oil basin has been met with enthusiasm, with Natural Resources Minister Vickram Bharrat deeming it a welcome development for the nation’s growing energy industry. “The talks between Total, Qatar and...