A Crucial Juncture for Anti-Corruption Efforts in Guyana Recent U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions against prominent members of one of Guyana’s wealthiest families, the Mohameds, …
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Guyana’s 58th Independence: Reflecting on Progress and Embracing the Future
As Guyana celebrates its 58th year of independence, the Guyana Business Journal joins the nation in reflection. We look back with pride on the hard-won freedom achieved in 1966, following over two …
The Impact of Remittances on Government Spending: A Balancing Act for Developing Countries
The Impact of Remittances on Government Spending A Balancing Act for Developing Countries In a recent study examining the intricate dynamics of remittances in developing countries, researchers have shed light on a …
Guyana’s Gas-to-Energy Project: Progress, Collaboration, and Challenges
ExxonMobil is on track to deliver natural gas from its offshore Guyana operations to the mainland by the end of 2024. This Gas-to-Energy (GtE) Project aims to construct an Integrated Natural Gas …
Guyana’s Oil Dilemma Development vs. Climate Responsibility Guyana’s newfound oil wealth offers a potential path out of poverty. Yet rising sea levels threaten our coast and fuel a climate crisis that puts …
TechnipFMC Secures Major Contract for ExxonMobil’s Whiptail Project in Guyana
TechnipFMC, a leading global provider of technology solutions for the energy sector, has been awarded a significant contract by ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation. The contract, valued between …
Education & Community Engagement in the Age of Oil and Gas
Education & Community Engagement in the Age of Oil and Gas By Dr. Terrence Richard Blackman Guyana is on the verge of a momentous economic shift driven by its rapidly growing oil …
ExxonMobil Advances Guyana’s Oil Production with Whiptail Development, Enhancing National Economic Growth
ExxonMobil has greenlit the Whiptail development off the coast of Guyana, marking the sixth initiative on the Stabroek block, following government and regulatory endorsements. This development is poised to enhance production by …
Guyana’s Oil Revenue Surge in Q1 2024
In the first quarter of 2024, Guyana earned $126.3 billion (US$604.3 million) from oil revenues, as documented by the Natural Resource Fund (NRF) records. A significant portion of this income was derived …
