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Guyana’s Supreme Court has thrown out a lawsuit that challenged an environmental permit granted to ExxonMobil Guyana for its Liza 1 project. The applicants had contended that Guyana’s Environmental Protection Agency (EPA) breached the law when it modified ExxonMobil’s...

In a concerted effort to bolster port security and shoreline protection, a comprehensive port security seminar has opened in Georgetown, Guyana. This five-day training session, conducted in collaboration with the Maritime Administration Department (MARAD) and DIRECTEMAR Chile, will equip...

With an anticipated sum of US$1.629 billion from profit oil and royalties in 2023, the projection for the amount available for withdrawal and spending from Guyana's Natural Resource Fund in 2024 stands at US$1.16 billion. The formula, encapsulated in the...

In a significant initiative aimed at empowering and educating young Guyanese girls, the Vurlon Mills Football Academy, in partnership with SBM Offshore Guyana, has unveiled the Women in Football Development Programme. It is slated to provide professional football coaching,...

Dyna-Mac, a Singapore-based provider of engineering, procurement, and construction services, has announced the successful acquisition of several contracts totaling a provisional sum of S$88.0 million from its valued repeat customers. The primary contract underpinning this announcement involves the construction of...

By Dr. Lorraine Sobers - OilNOW Beginning in 2015, Guyana’s hydrocarbon finds have been fast and fabulous: 11 billion barrels and counting; production has been sizeable and surging: 400,000 barrels per day and growing; incremental GDP has been swift and...

In a significant display of defiance against U.S. sanctions, Iran, Venezuela, and Syria have inked a tripartite Memorandum of Understanding (MoU) to construct a new oil refinery in Syria's Homs governorate. The planned refinery is expected to have a...

Guyana's Minister of Foreign Affairs and International Cooperation, Hugh Todd, held a crucial meeting with his Brazilian counterpart, Mauro Vieira, to discuss the ongoing developments in the Guyana/Venezuela border controversy.  According to a briefing issued by Guyana’s Foreign Affairs Ministry,...

October 3 marks the 124th anniversary of the Arbitral Award of 1899, which established the land boundary between then British Guiana and Venezuela. The Guyana government in a statement reaffirmed its commitment to upholding the Arbitral Award's validity and...

Guyana reported a significant boost in its crude oil export earnings, reaching US$5.39 billion for the first half of 2023, marking a substantial increase of US$1.78 billion compared to the prior year.  The surge in earnings was driven by a...