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With the goal of stimulating growth with clean energy and low-carbon technologies, Guyana is encouraging investments in low-emission cars and renewable energy sources with tax exemptions. In the finalised Low Carbon Development Strategy (LCDS) 2030 – a national low-carbon advancement...

By the end of this decade, ExxonMobil envisions up to ten floating production storage and offloading vessels (FPSO) operating offshore Guyana. This is according to the ExxonMobil Guyana President, Alistair Routledge in an article published by Senior Contributor to...

With the United States facing economic slowdown thereby fuelling recessionary fears and the Russia-Ukraine war in its sixth month, Hess Corporation’s Chief Executive Officer (CEO), John Hess, said the company expects the global oil market to get tighter. During his...

With Guyana’s oil revenues projected to peak at US$16B in 2036, President, Irfaan Ali has said that a significant portion of these profits will be used to maximise the value and sustainability of industries such as forestry, mining, and...

As Guyana prepares this week to host the regional committee meeting for the International Solar Alliance (ISA) for Latin America and the Caribbean, accelerating solar energy through amplifying access to finance is a major focus. On the heels of the...

Though Guyana’s super basin is projected to reap US$157B in oil earnings by 2040, authorities are determined to ensure a portion of these resources is used to fuel the sustainability of other traditional revenue makers such as agriculture and...

By the end of 2022, ExxonMobil and its Stabroek Block partners are expected to make the final investment decision (FID) on Guyana’s transformational gas-to-energy project. President of ExxonMobil Guyana, Alistair Routledge, related this to Senior Contributor to Forbes, David...

Comparing the fiscal regimes of other offshore producers, Guyana’s is on the higher end, says Rystad Energy, an independent energy research and business intelligence company. In its latest analysis, Rystad found that the government’s take amounts to 59% of total...

Given its projections for strong cash flow growth and quarterly earnings totaling US$667 million, Hess Corporation disclosed that it intends to complete a massive share repurchasing programme by year-end worth US$650 million. During its recent Q2 earnings release, Hess...

With Guyana’s oil sector poised to expand with six floating, production, storage, and offloading (FPSO) vessels by 2027, other supporting industries such as construction and services, and even agriculture, are set to reach new economic heights. Cognizant of this...