Cash-strapped CGX to give up majority stake in Corentyne Block to cover expenses
CGX Energy Inc. disclosed this morning that it plans to surrender majority interest in the Corentyne Block to its Canadian partner, Frontera Energy Corporation...
Finance Minister furnishes House with $48.2B in receipts for oil revenues
Senior Finance Minister, Dr Ashni Singh today presented notification receipts to the National Assembly of all petroleum revenues paid into the Natural Resource Fund...
Four Points by Sheraton in Houston fits into expansion of economic zone—President Ali
President, Dr Irfaan Ali asserted on Tuesday that the Four Points by Sheraton - Marriott Bonvoy to be constructed at Houston along the new...
EPA allows one month for objections/appeals to ExxonMobil’s 35-well programme for Stabroek Block
The Environmental Protection Agency (EPA) has granted one month for the public to provide objections/appeals to Esso Exploration and Production Guyana Limited (EEPGL)’s 35-well...
Guyana Shore Base inks 11-year extension contract with ExxonMobil Guyana
Guyana Shore Base Inc. (GYSBI), a pioneering local company in the oil and gas sector has inked an 11-year extension contract with Esso Exploration...
Natural Resource Fund racks up US$1.28M profit in second quarter
Bank of Guyana has reported that Guyana’s Natural Resource Fund (NRF) recorded a profit of G$266.04 million (US$1.28 million) during the second quarter compared...
Govt. makes another $200M withdrawal from oil fund
Senior Finance Minister, Dr Ashni Singh announced this evening that another US$200M ($41.6B) withdrawal was made from the Natural Resource Fund (NRF) and transferred...
US$35M Hyatt Hotel to open in 2024 at Providence; design in keeping with LCDS
SIR Investments Ltd recently informed the Environmental Protection Agency (EPA) of its intention to develop a Hyatt Place Hotel to be located at 2441...
Guyana to collaborate with Mount Sinai Hospital, Hess to modernize health care services
President, Dr Irfaan Ali today announced the launching of a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized...
Lack of access to affordable capital in Guyana, Suriname May hinder development of oil...
Guyana and Suriname have to date discovered more than 17 billion barrels of oil equivalent and gas reserves that exceed 30 trillion cubic feet....
