Guyana’s Natural Resource Fund (NRF) received inflows of US$267 million (approximately GY$56 billion) from oil sales in May, the Bank of Guyana revealed.
The Guyana government expects US$2.08 billion in revenues from oil sales this year, with over US$974 million...
Guyana’s Ministry of Natural Resources expects the operationalization of the Gas-to-Energy project to facilitate a boost in value-added wood products.
The Gas-to-Energy project is a collaboration between Exxon and the government, to transport offshore natural gas to shore, primarily for...
Guyana said Venezuela made an excessive timeline suggestion in a meeting to determine the way forward on the countries’ border controversy case at the International Court of Justice (ICJ).
Agents of the two countries met on June 11 with Judge...
For the first time in a decade, Trinidad and Tobago is undergoing a gradual and sustained economic recovery, according to the International Monetary Fund (IMF). On May 8, 2024, the IMF Executive Board concluded its Article IV consultation with...
The Guyana government said it sent Mae Thomas, an official sanctioned by the United States Treasury Department, on leave with immediate effect. The government statement came hours after an official release from the US announcing sanctions on Thomas; two...
The Mohameds, Nazar and his son, Azruddin; their companies and a Guyanese government official, Mae Thomas, have been sanctioned by the U.S. Treasury Department for their roles in public corruption in Guyana, a release said. Just last year, the...
A new report from the International Energy Forum (IEF) and S&P Commodity Insights revealed that despite rising production costs, most new oil supplies can be produced at under US$60/bbl Brent. The “Upstream Oil and Gas Investment Outlook” report highlighted...
With Guyana being among the fastest growing global economies, backed by its oil and gas sector, the nation has made “great improvements” in combatting money laundering, terrorism financing, and proliferation financing.
This is according to the Attorney General and Minister...
Paramaribo, Suriname - In an interview at the recent Suriname Energy Oil & Gas Summit, Ileana Ferber, Chief Executive Officer and founder of Colibri Business Development urged the South American nation to balance local content development alongside the growth...
Texas-based Noble Corporation is set to acquire fellow rig owner Diamond Offshore in a merger deal, creating a U.S. offshore drilling powerhouse with a fleet of 41 rigs and a combined backlog of US$6.5 billion.
Noble said it will acquire...
