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Guyana oil revenue climbs to over US$267 million

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Guyana’s Ministry of Natural Resources announced on Wednesday that payment for the fifth oil lift was received into the Natural Resources Fund Account. On February...

Letter-to-the-Editor: No matter the price of oil, Guyana will receive a...

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There is a Letter to the Editor published in Sunday’s Stabroek News under the headline, “Guyana is losing US$35B by failing to negotiate a...

Why hasn’t Guyana spent a dollar of its now over US$200...

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Since oil exports began in Guyana in January 2020, the government has exported approximately 5 million barrels of oil – 4 last year and...

Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

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The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final...

Robust systems must be in place before touching oil money –...

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Newly elected President of Guyana, Dr. Irfaan Ali, says he will be looking to ensure that robust systems are in place for the management...

Second royalty payment pushes Guyana’s oil revenue above US$98 million

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Guyana’s second royalty payment from oil produced and sold in Q2 2020 now pushes the total revenue the country has received since oil production...

Guyana could avert Dutch Disease with sound economic plan

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Warning bells have been ringing in the South American country of Guyana ever since ExxonMobil made its first world class discovery at the Liza...

Opposition Leader wants more oil benefits for Guyana; says this must...

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Guyana's Opposition Leader Bharrat Jagdeo believes the South American country needs to alter the terms of future Production Sharing Agreements (PSAs) to maximize benefits...

Guyana revenue will go up if oil price increases

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Under the Production Sharing Agreement (PSA) between ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., its partners Hess and CNOOC Nexen and the Government...

Guyana should start borrowing money now to fix crumbling infrastructure –...

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While Guyana will not receive revenue from oil production until 2020, Presidential Advisor on Petroleum, Dr. Jan Mangal, believes the South American country’s government can...