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...

With six satellites, SES’s second-generation medium earth orbit system will be ready to provide high-performance connectivity services around the globe from early Q2 2024.CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--SES announced today that two additional O3b mPOWER satellites were successfully launched into...

A former Venezuela envoy to Guyana, Sadio Garavini di Turno, has openly criticized the Nicolas Maduro government's decision to hold a referendum on the Essequibo territorial claim, labeling it not just as useless but also harmful to the country's...

The project from Forest Trends’ Communities & Territorial Governance Initiative aims to strengthen livelihoods for indigenous communitiesLINCOLN, Neb.--(BUSINESS WIRE)--Forest Trends and the Arbor Day Foundation will expand their partnership through a new initiative, the Arboredo Project, to strengthen Indigenous...

A new hydroponic farming project initiative has been launched in Guyana - the largest in the Caribbean, according to President, Irfaan Ali with 300 young Guyanese being the beneficiaries.  The funding comes from the Greater Guyana Initiative (GGI) - a...

By Ivelaw Lloyd Griffith - OilNOW In looking at Venezuela’s recent bullying actions against Guyana, the first article in this two-part series examined two questions. First, what exactly is the latest bullying attempt? Second, why this latest Playbook effort? In...

By Jerry Haar & Christina Caus - OilNOW Guyana’s burgeoning oil production is on an unstoppable trajectory to transform the nation economically and socially. The government expects to take in US$1.63 billion this year in royalties and profit sharing. This...

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL) today announced the signing of a definitive agreement to divest its Mobility business to BYD Electronic (International) Company Limited (“BYDE”) in a cash transaction valued at $2.2 billion. The definitive agreement follows...

Guyana Shore Base Inc. (GYSBI) said eleven students drawn from eight regions across Guyana are the inaugural recipients of its new technical scholarship programme, which was launched in July. The students are Venola Allen from Warapoka Village, Region One, and...

By Tash Van Doimen & Dr. Terrence Blackman - OilNOW In the latest installment of the enlightening web series, "Transforming Guyana," which aired on Wednesday, September 13, 2023, through a partnership between the Guyana Business Journal (GBJ) and the Caribbean...