Guyana’s Rising Impact: ExxonMobil’s Record-Breaking Quarter ExxonMobil’s latest financial results tell a compelling story of success, with Guyana playing an increasingly prominent role in the company’s global operations. The third quarter of …
Guyana News Updates
Exploring Baby Bonds as a Pathway to Economic Equity in Guyana
As Guyana experiences rapid economic growth driven by its expanding oil industry, questions about equitable wealth distribution have become increasingly relevant as Guyanese struggle with the attendant cost of living increases. In …
ExxonMobil Plans to Boost Guyana’s Offshore Output by 18,000 bpd
ExxonMobil Guyana is preparing to increase its output from the Stabroek Block offshore by an additional 18,000 barrels per day (bpd). According to the company’s country manager, Alistair Routledge, this plan is …
Guyana’s $200,000 One-Off Cash Grant: A Step Forward, but More is Needed
President Irfaan Ali’s recent announcement of a $200,000 one-off cash grant to every household across Guyana comes during unprecedented economic growth fueled by the country’s expanding oil sector. The proposal is bold, …
A Crucial Juncture for Anti-Corruption Efforts in Guyana
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, …
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 …
Media Advisory: Transforming Guyana Season II, Episode X, Maximizing Social Impact in the era of Oil & Gas
FOR IMMEDIATE RELEASE March 16, 2024 Guyana Business Journal and Caribbean Policy Consortium Webinar Sheds Light on Maximizing the Social Impact of Guyana’s Oil and Gas Windfall. At a crossroads in its …
