News

Guyana’s Natural Resource Fund (NRF) has surpassed the US$2 billion mark, in market value, for the first time since its 2019 inception, according to an October report from the Bank of Guyana. In October, the Fund received approximately US$192.99 million...

Guyana sees the International Court of Justice (ICJ) as the power to prevent the annexation of two-thirds of its territory, which would follow a controversial referendum by its neighbor Venezuela. The Nicolas Maduro regime is attempting to seek public...

ExxonMobil announced on Tuesday that it has started producing oil at the massive Payara Development Project offshore Guyana, bringing total production capacity to approximately 620,000 barrels per day (bpd). The Prosperity floating, production, storage and offloading (FPSO) vessel is expected...

Specialist market research and consultancy firm Westwood Global Energy Group says liquids production (crude, condensate and NGLs) is forecast at 100mmbpd by 2030, up 8% on 2022. This will be driven by increased crude production from deepwater areas, such...

Vice President of Guyana, Dr. Bharrat Jagdeo said during a recent media conference that the government wants ExxonMobil to move faster on the matter of developing the country’s growing gas assets. “We are not pleased with the pace at which...

CGX Energy has once again delayed the completion of its ‘Berbice Deepwater Port’, with the latest update projecting the completion of its oil and gas support functionalities to early 2025.  In the company's 2023 third quarter report, CGX said a...

Frontera Energy Corporation has made a turnaround, reporting net income of US$32.6 million, or US$0.38 per share, in the third quarter of 2023. This performance marks a recovery from the net loss of US$26.9 million, or US$0.30 per share,...

The approval of Guyana’s third Stabroek Block development - Payara - in 2020 was a significant step forward, with one research and intelligence firm calling it one of the brightest lights in oil’s dark year. It came at a...

Sara Bharrat, a governance and political analyst, recently launched "Border Watch Guyana," a podcast about the Guyana-Venezuela border controversy. This initiative is aimed at educating citizens, regional neighbors, and the international community about the escalating controversy from a Guyanese...

Van Oord has secured contracts for two major offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan, with a combined value exceeding €500 million. The developments could provide clean energy to...