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Inciting armed confrontation with Guyana will be catastrophic for Venezuela, says National Assembly Deputy

The deputy of the National Assembly in Venezuela, Luis Eduardo Martínez, says he has stated time and again that as far as the Bolivarian Republic is concerned, “nothing is more important than preserving the peace” warning that it would...

STATEMENT: Opposition condemns Venezuela’s ‘Guayana Esequiba’ defence zone as reckless aggression

See below full statement issued by the Parliamentary Opposition of Guyana: The Parliamentary Opposition totally rejects the action taken by the Bolivarian Republic of Venezuela to create an entity, the “integral defence zone” called “Guayana Esequiba.” This development is not...

Blinken says Guyana-Venezuela land boundary must be respected

Secretary of State Antony J. Blinken on Wednesday reiterated the United States’ call for a peaceful resolution to the Guyana-Venezuela border controversy and for all parties to respect the 1899 arbitral award determining the land boundary between the two...

IMF predicts Guyana oil fund to hit US$11 billion by 2028  

The International Monetary Fund (IMF) has released its latest report on Guyana's economic outlook, projecting the country's oil revenues to soar to a staggering US$11 billion (GY$2.3 trillion) by 2028. This estimate is derived from royalties and profit oil...

Atlantic restructuring deal sealed: Energy Chamber applauds achievement

The Energy Chamber of Trinidad and Tobago welcomed the final signing of the Atlantic restructuring agreement, marking a pivotal moment for the country's gas sector and overall economic landscape. In praising the negotiating teams from bpTT, Shell, the National...

UN Secretary General updates Security Council on ICJ provisional orders

United Nations (UN) Secretary General, António Guterres, has transmitted the notice of the provisional measures ordered by the International Court of Justice in the Guyana-Venezuela border controversy, to the UN Security Council. The announcement was made on Wednesday by Stéphane...

Gil, Todd hold talks on Venezuela’s aggressive actions to enforce referendum

In a bid to address escalating tensions, Guyana's Minister of Foreign Affairs and International Cooperation, Hugh Todd, engaged in a discussion via telephone today with his Venezuelan counterpart Yvan Gill. The conversation was instigated by Carlos Amador Pérez Silva,...

Guyana engaging U.S. Southern Command, assures investors of stability as Venezuela crisis intensifies  

In a firm and resolute address to the nation on Tuesday night, Guyana’s President, Dr. Irfaan Ali, vehemently denounced Venezuela's apparent move to enforce a December 3 referendum on Guyana’s Essequibo Region, in blatant disregard of an International Court...

With six FPSOs onstream, Guyana could be debt-free by 2027 – Vice President Jagdeo

With Guyana expected to produce over one million barrels of oil per day from six floating, production, storage and offloading (FPSO) vessels by 2027, the country will likely have enough money to clear its debt. This is according to...

No signs of inflationary pressures, overheating in Guyana’s economy which tripled since oil production began – IMF reports

The International Monetary Fund's (IMF) 2023 report on Guyana revealed no signs of inflationary pressures or economic overheating despite the substantial influx of oil revenues since 2020. Concerns had lingered about Guyana falling prey to the resource curse. Since the...

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Surinamese graduates in GranMorgu training program meet SBM Offshore CEO in Malaysia

Surinamese graduates participating in the training program linked to the GranMorgu offshore oil development met with SBM Offshore’s CEO...