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…
Category: GUYANA
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…
Guyanese President markets Amazon rainforest as part of its diversification plan: Oil money will serve to protect ecosystems.
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com February 18, 2022 Guyana’s President Irfaan Ali is marketing the Amazon rainforest as a lucrative place to do business. His comments on the value of the…
ExxonMobil starts production at Guyana’s second offshore development
February 15, 2022 Production from Liza Unity vessel to reach 220,000 barrels of oil per day later this year Accelerated development brings Guyana production capacity to more than 340,000 barrels…
ExxonMobil makes two discoveries offshore Guyana
January 7, 2022 Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of 10 billion oil-equivalent barrels Positive result supports strategy to test deeper exploration targets within…