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Tullow shares jump

Shares in Tullow Oil jumped by a further 4% on the back of the company forecasting slightly higher production levels at a key asset in western Africa and exploration at a wildcat in the South American country of Guyana,...

GDP growth will not show level of national well-being – Guyanese Economist

The recently published article by Nasdaq on the five fastest growing economies in the world, from which Guyana has been highlighted as the number one ranked economy to grow the fastest in the coming years with a projected growth...

TechnipFMC bags India subsea contract

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. The company says these contracts cover the fabrication and installation of...

‘Guyana – a milestone in my career’ – Saipem Country Manager

Thuranthiran Nadarajah, the Country Manager for Sapiem Guyana has been working for 15 years with the Italian company, but he says that his work in Guyana over the past two years is a milestone in his career, simply because...

Beyond GDP for Guyana: measure economic well-being and prosperity

Gross Domestic Product (GDP) is without question one of our most important economic indicators. It tells us about the size and shape of the economy. It helps the government and the fiscal institutions to manage the economy, for example...

Guyana mega oil potential to be tested in 2019

Multiple commercial oil discoveries at Guyana’s Stabroek Block have established the country as a key up and coming producer in the region. And now, as exploration activities ramp up at other blocks outside Stabroek, a discovery could push the...

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...

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Vessel to push Guyana oil production past 1 million bpd weeks away from arriving

The Errea Wittu floating production, storage and offloading (FPSO) vessel is currently in West African water on its voyage...