Sep 17, 2025
1 min read
Guyana positioned as powerhouse in the region
In the wake of last week’s announcement by ExxonMobil of the commencement of production from a fourth major oil development in the Stabroek area offshore…
Oil & Gas
ExxonMobil invests US$2.9 billion in local businesses, workforce
ExxonMobil Guyana and its contractors have spent over US$2.9 billion with local businesses since beginning operations in 2015, the company said, highlighting its continued support…
Four Guyanese students awarded scholarships to study in China
Natural Resources Minister, Vickram Bharrat on Monday extended heartfelt congratulations to four exceptional Guyanese students who have been awarded full scholarships to pursue Bachelor’s degrees…
Exxon in talks with Trinidad for seven deepwater blocks, sources say
ExxonMobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East…
Productive sectors to benefit from tax cuts, oil and gas expansion for Berbice
President Dr Irfaan Ali has announced a "marked reduction in taxes" for Guyana’s productive sector, with a strong focus on agriculture, as part of a…
MODEC launches Guyana office, creating 160+ jobs in expanding oil sector
Guyana’s rapidly expanding oil and gas sector is set to benefit from over 160 sustained local jobs with the official opening of a Mitsui Ocean…
Chevron completes Hess acquisition after defeating Exxon in dispute over Guyana oil assets
Chevron can quickly proceed with its $53 billion acquisition of Hess, after winning a landmark legal battle against larger rival ExxonMobil, gaining access to the…
MODEC to officially opens Guyana office
Japanese company MODEC will officially open its Guyana office on Friday as the company continues to play an integral role in the country’s oil and…
Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say
The arbitrators in a legal dispute between Exxon Mobil (XOM.N), opens new tab and Hess (HES.N), opens new tab have reached a decision related to…
Guyana confirms Exxon relinquished 20 per cent of Stabroek Block
The Government of Guyana on Wednesday confirmed that ExxonMobil Guyana Limited (EMGL) has completed the relinquishment of 20 per cent of the Stabroek Block, returning…
THAG President: Tourism and O&G sectors go hand-in-hand
Tourism and Hospitality Association of Guyana (THAG) President, Mitra Ramkumar, is keen on growing the membership of the organisation and building relationships with key players…
Jagdeo: Ali and Phillips bring experience, opposition offers novices
General Secretary of the People’s Progressive Party (PPP), Dr. Bharrat Jagdeo, launched a scathing critique of the opposition APNU+AFC coalition, accusing them of poor leadership,…
Financial Analyst: Lack of ring-fencing a positive trade-off
Financial Analyst Joel Bhagwandin has contended that the lack of ring-fencing is serving Guyana positively, as it is a key driver behind the country’s ramped-up…
Guyana’s oil sector strongly insulated from global price shocks, says analyst
Even if global oil prices plunge below US$50 per barrel, Guyana’s oil sector will remain in the black. That is according to financial analyst Joel…
Chevron-Hess Oil Deal Faces Legal Challenge in London
Exxon and CNOOC invoke right to block $53B Stabroek takeover A high-stakes legal battle over Guyana’s most lucrative oil assets is unfolding in London,…
$28.7B approved for major electricity grid expansion to support Gas-to- Energy Project
The National Assembly has approved a supplementary allocation of $28.7 billion to accelerate the expansion and modernisation of the country’s electricity transmission and distribution…