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Guyana business group says power outage woes will hamper investments

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) has voiced its profound disappointment regarding ongoing power outages in Guyana. In a November 2 release, the GCCI stated that "this continued spate of power disruptions is having an acute impact...
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‘We feel our name is tied to whether this is a success for Guyana’ – Routledge tells WSJ

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ExxonMobil Guyana president, Alistair Routledge, has made it clear that the company's reputation is intimately linked to the impact of its large oil projects in Guyana. "We feel our name is now tied to whether this is a success...
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SBM Offshore seeking wide-ranging services for its Guyana operations

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Local suppliers once again have an opportunity to provide a wide range of services to SBM Offshore Guyana, as the company prepares to bring its third oil production vessel online in the South American country. In its search for these services,...
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Commonwealth says Venezuela referendum a ‘threat to peace and stability’ in Caribbean region

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The Commonwealth has issued a statement expressing "deep concern" over the Venezuelan National Assembly's decision to undertake a referendum on the status of the Essequibo region. The referendum is scheduled for December 3 and concerns the sovereign territory of...
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Guyana in talks with Afreximbank for US$500M bridge financing for infrastructure projects

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Guyanese officials are currently in talks with the African Export-Import Bank (Afreximbank) for a US$500 million bridge financing that can be used to fund the government’s massive infrastructure programme. President Dr. Irfaan Ali made this revelation during the opening...
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“This Essequibo is ours, every square inch of it” – President Ali

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Standing on the land Venezuela is attempting to claim as its own, Guyana’s President Dr. Irfaan Ali affirmed that his country does not plan on surrendering its territory.  “This Essequibo is ours, every square inch of it,” he declared on...
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Maduro says “Venezuela has never recognized nor will it recognize the ICJ” for resolution of Guyana border controversy 

Shikema Dey -
The jurisdiction of the International Court of Justice (ICJ) to preside over the Guyana-Venezuela border controversy case does not seem to matter to the Nicolas Maduro-led administration.  In fact, President Maduro himself told state press that “Venezuela has never recognized...
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Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development 

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Subsea7 has confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field, located approximately 200 kilometers off the coast of the state of Rio de Janeiro, Brazil. The field is situated...
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Guyana seeks ICJ intervention to block controversial Venezuela referendum on Essequibo

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Guyana has turned to the International Court of Justice (ICJ) to block Venezuela’s December 3 referendum which seeks to garner support for the annexation of the Essequibo region - approximately two-thirds of Guyana’s territory.  The official request was filed on...
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Energy expert says Guyana’s strategies for managing oil wealth are first rate

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David Goldwyn, an energy expert with experience in the U.S. State Department and specialized work in extractive industry transparency, recently expressed high regard for the strategies Guyana has in place to manage its emerging oil wealth.  Speaking at a press...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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