September 30, 2022 Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly…
Category: GUYANA
Guyana Poised To Break $1BN In Oil And Gas Revenue This Year
August 2, 2022 Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022. Guyana may see $7.5 billion in annual oil and gas revenues by 2030.…
ExxonMobil makes two more discoveries offshore Guyana
July 26, 2022 ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru…
Guyana to Improve Public Policy and Fiscal Response to the COVID-19 Pandemic with IDB Loan
July 19, 2022 Guyana will improve the efficiency and effectiveness of its public policy and fiscal management response to the COVID-19 pandemic with a US$130 million loan from the Inter-American…
CariCRIS assigns “good creditworthiness” credit ratings for Premier Insurance Company Inc.
July 8, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial corporate credit ratings of gyA+ (Local Currency Rating) and gyA (Foreign Currency Rating) on the Guyana…
Guyana to promote the use of renewable energy sources with IDB and Norway support
June 21, 2022 Guyana will promote its energy matrix diversification by promoting climate-resilient renewable energy sources use in the electricity generation matrix to avoid deforestation and face climate change, with a…
Guyana: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare (incoming mission head) and Meredith McIntyre (outgoing mission head) held virtual discussions during…
Guyana investments yield a growing source of energy for the world
May 6, 2022 ExxonMobil recently started producing oil from our second offshore development in Guyana, bringing the country’s capacity to more than 340,000 barrels a day, up from zero three…
ExxonMobil makes three new discoveries offshore Guyana, increases Stabroek resource estimate to nearly 11bn barrels
April 29, 2022 ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. ExxonMobil…
ExxonMobil makes final investment decision on fourth Guyana offshore project
April 5, 2022 ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the…
CariCris: IPED Guyana gets good ratings
April 1, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial corporate credit ratings of CariBBB (Local Currency Rating) and CariBBB- (Foreign Currency Rating) on its regional…