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Comprehensive demand, supply analysis key to success of Guyana’s biggest transformational project – Economist

As Guyana prepares for construction to commence later this year on the Gas-to-Energy project, former Director of Economics at the Caribbean Development Bank (CDB), Dr. Justin Ram said the country would do well to make sure its natural gas...

Application process for Exxon’s fifth Stabroek Block development underway

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has already begun the application process for its fifth offshore development in the Stabroek Block, according to information contained in court documents filed by the company relating to a tax...

Local content advocate, Timothy Tucker, re-elected to head Georgetown business chamber

Businessman, Timothy Tucker, was on Friday re-elected to the presidency of the Georgetown Chamber of Commerce and Industry (GCCI), an association which represents about 550 businesses. Tucker is the owner of Rid-O-Pes, a pest control company. His re-election occurred at...

At current oil price Yellowtail will deliver over US$3 million per day for Guyana

The Yellowtail Project will add to Liza Phase 1, 2 and Payara, contributing positively to economic growth in Guyana, including increased national revenues, which will result in increased government investments in public services and infrastructure; local procurement of select...

Rice mill giant to fund US$2M mining project in response to oil sector boom in Berbice

Investments being made by CGX Resources Inc. in the county of Berbice are beginning to increase demand for various products and services. One large-scale business is taking advantage of the opportunity. Rice mill giant, Nand Persaud & Company Ltd., is...

US$10 billion Yellowtail development will be largest investment in Guyana’s history

The Yellowtail project will cost US$10 billion to develop, the Ministry of Natural Resources said, in a long-awaited announcement of its approval. This represents the largest investment ever made in the history of Guyana. The Liza Phases One and Two,...

EPA grants Environmental Authorisation for Yellowtail Project

The Environmental Protection Agency (EPA) disclosed on Friday that it gave approval ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to move ahead with the Yellowtail Project. The regulatory body said an Environmental Permit was granted for a period...

Guyana oil bounty can fuel massive economic diversification, says US Ambassador

Given the favourable economics of the ExxonMobil-led Stabroek Block projects, Guyana’s projected trend of historic Gross Domestic Production (GDP) growth per capita will very likely continue for years to come. To ensure this level of economic growth translates to...

New oil producer serious about low carbon goals, finalizing 2030 strategy

While efforts continue towards the advancement of oil production operations at the Stabroek Block offshore Guyana, the government is also ensuring progress is made on the finalisation of the expanded Low Carbon Development Strategy (LCDS) 2030. In fact, Natural Resources...

Gas pipeline could deliver huge benefits to hinterland communities, says int’l economist

Former Director of Economics at the Caribbean Development Bank, Dr. Justin Ram, said it has been observed in the past that the commercialization of mineral resources has not resulted in the kind of “broad-based” benefit across the Guyanese population,...

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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...