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Guyana and Ghana to collaborate on Sovereign Wealth Fund

Guyana will soon be partnering with an expert out of Ghana, who has vast experience in working with Sovereign Wealth Funds. This was recently disclosed by Minister of Finance, Winston Jordan, who noted that his expertise will be ideal...

Guyana is the fastest growing economy in the world – says Nasdaq contributor

Fueled by mega oil discoveries and production set to hit close to 1 million barrels per day by the mid-2020s, the South American country of Guyana is listed at number 1 among the 5 fastest growing economies in the...

Jamaica government urged to get out of the refinery business

A review committee appointed by Jamaica’s Prime Minister, Andrew Holness, is recommending that the government of the Caribbean island nation get out of the refinery business and instead hand it over to the private sector. According to a June 27...

American Chambers teaming up for 1st HSSE conference in Guyana

The American Chamber of Commerce Guyana (AMCHAM) in partnership with its counterpart in Trinidad and Tobago will be hosting the first Health, Safety, Security and Environment (HSSE) Conference in Guyana on Wednesday, July 17, 2019 at the Marriott Hotel...

ExxonMobil’s sale of Norwegian assets could be record-breaking

US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy. Rystad Energy partner Simon Sjøthun notes that a sale of this magnitude could be the largest...

Orinduik drill campaign will open new chapter in Guyana oil development

Offshore exploration in the South American country of Guyana is moving into another phase as UK-based Tullow Oil embarks on a drill campaign at the Orinduik block, making it the first attempt to find oil by a company outside...

Stena Forth arrives in Guyana for Tullow drill campaign

The dynamically positioned Stena Forth Class 3 drillship has sailed into Guyana waters and will soon embark on a drill campaign at the Orinduik Block where UK-based Tullow Oil and its co-venture partners are optimistic of striking crude. Tullow Oil...

Over 1,000 Guyanese worked on projects leading up to 1st floating oil production complex

Over 1,000 Guyanese have been working on projects that culminated with the commissioning of the 1st floating oil production complex on Saturday in Singapore. The vessel will soon set sail for the South American country where oil production is...

Guyana law firm becomes member of Houston-based Lex Mundi

Houston-based Lex Mundi said on Monday its Board of Directors voted unanimously to admit Hughes, Fields & Stoby as its exclusive member firm for Guyana. Lex Mundi is a global leading network of independent law firms with in-depth experience in...

Keep wealth fund in place, don’t tie it to political machinery – US Ambassador urges

In order to be effective, Guyana’s Natural Resources Fund (NRF) must be non-partisan. This is according to U.S Ambassador, H.E. Sarah-Ann Lynch. She made these remarks during her speech at the Guyana Manufacturing and Services Association Limited’s (GMSA) Business Luncheon...

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Petrobras production hiked 3.7% in Q1 

Petrobras' average production of oil, natural gas liquids (NGL) and natural gas in the first quarter of 2024 reached...