South America a deepwater hotspot but faces gas monetisation, infrastructure woes- retired geologist

By Sueann Wickham Latin America and South America have emerged as prominent hotspots for deepwater projects and exploration activities. However, the region faces challenges when...

The Natural Resource Fund, Withdrawals, and National Development Priorities

Summary Pursuant to the Natural Resource Fund (NRF) Act, all withdrawals from the NRF to finance the National Budget are subject to approval by the...

Exxon seeking Guyanese companies to build access road for its new US$160M headquarters

ExxonMobil, the operator of Guyana's prolific Stabroek Block, is currently seeking companies to provide civil works and road construction services for its new headquarter...

34 students graduate from SBM Offshore’s Youth Literacy Programme

Dutch floater specialist, SBM Offshore, has successfully concluded the first year of its Enhancing Livelihoods Youth Literacy Programme, celebrating the graduation of 34 youths....

Guyana lifted 5 million oil barrels during second quarter; to get 10 million more...

Guyana’s Central Bank recently disclosed that Guyana lifted approximately five cargoes, each with one million barrels of oil during the second quarter of 2023....

Minister Singh furnishes House with first Annual Report for Natural Resource Fund

Senior Finance Minister, Dr Ashni Singh today presented to the National Assembly the inaugural Natural Resource Fund (NRF) Annual Report for the fiscal year...

Dr. Gampat misrepresented World Bank’s Statistical Capacity Index

Dear Editor, It was not my intention to engage Dr. Ramesh Gampat in a debate out of pure respect for his outstanding scholarship and contribution...

Value of Guyana’s Natural Resource Fund increases to $359B, earns $4.1B profit at second...

Guyana’s Natural Resource Fund was valued at $359.3B or US$1.7B at the end June 2023, a Central Bank report stated. According to the operational...

Oil spill exercise completed as part of Tradewinds 2023

As part of Exercise Tradewinds 2023, a simulated oil spill activity was conducted on Tuesday in Berbice, Region Six. Exercise Tradewinds is a multi-faceted...

Guyana’s oil account received $91.5B in profit oil and royalties during 2023 second quarter...

Guyana’s Natural Resource Fund (NRF) received a jaw-dropping $91.5B (US$438.95M) in oil revenues during the second quarter of 2023. According to the (NRF) report...

Recent Updates