Author: Gec
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Guyana, DR sparked 27.6% surge in Foreign Direct Investment in the region last year- ECLAC report
By Kiana Wilburg CEO, Guyana Energy Conference & Supply Chain Expo The Caribbean region recorded an increase of 27.6% in Foreign Direct Investments (FDI) last year when compared to 2022, mainly driven by Guyana and the Dominican Republic. This is according to an August 8 report produced by the Economic Commission for Latin America and… Read more
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SBM’s half year profits soar to US$128 million with ample boost from Guyana projects
By Kiana Wilburg CEO, Guyana Energy Conference and Supply Chain Expo Dutch shipbuilder, SBM Offshore, disclosed to the market on Thursday that key contract awards from Guyana contributed to its net profit soaring to US$128 million for the first half of 2024, up from US$36 million in the year-ago period. As it relates to revenue,… Read more
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Guyana is a beacon of success in the Caribbean – Dr Sinanan
In this episode of the Energy Perspectives Podcast, powered by the Guyana Energy Conference and Supply Chain Expo, Executive Director of the Caribbean Export Development Agency, Dr Damie Sinanan highlights Guyana’s commendable achievements in the oil industry as well as its commitment to diversification, green technologies, and internet penetration. He also shares insights on how… Read more
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Over 60 companies already onboard for Guyana Energy Conference & Supply Chain Expo 2025
A total of 63 companies have already signed up for the Guyana Energy Conference and Supply Chain Expo (GECSEC), carded for February 18th to 21st, 2025 at the Marriott Hotel in Georgetown. This flagship event, which enjoys the full support of the Guyana government, promises to be an unparalleled gathering of regional Heads of State, world-renowned industry experts and… Read more
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Guyana’s ‘record-growth’ helps ExxonMobil shatter profit records with US$9.2 billion in second quarter
By Kiana Wilburg CEO, Guyana Energy Conference & Supply Chain Expo ExxonMobil on Friday disclosed that it made a record-breaking US$9.2 billion in profits for the second quarter of 2024, reflecting an increase of US$1.3 billion over the same period last year. Chairman and Chief Executive Officer (CEO) Darren Woods told shareholders during an earnings… Read more
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Guyana’s oil pushes Hess’ second quarter profits to US$757M
By Kiana Wilburg CEO, Guyana Energy Conference and Supply Chain Expo American oil producer, Hess Corporation, which holds a 30 percent working interest in Guyana’s Stabroek block, reported huge earnings for the second quarter of 2024, totalling US$757 million. This is a significant boost in earnings when compared with the net income of US$119 million… Read more
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Fulcrum LNG considering Guyanese investors to help accelerate country’s gas development
By Kiana Wilburg CEO, Guyana Energy Conference and Supply Chain Expo Fulcrum LNG, the American company selected to help Guyana accelerate the development of its gas resources, says it is considering the use of local investors for some aspects of the project. In a press release to the market, Fulcrum LNG reminded that it was… Read more
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Guyana Energy Conference team starts training with world-class professional development firm
The team at the Guyana Energy Conference and Supply Chain Expo underwent four days of rigorous in-person training by Sandler, one of the leading training and professional development companies in the world. The in-person sessions commenced on July 22 and concluded July 25, 2024, at the Secretariat’s headquarters in Prashad Nagar. It was led by… Read more
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Afreximbank wants to help Guyanese seize oil boom opportunities
The Afreximbank’s Regional Chief Operating Officer, Okechukwu Ihejirika, says the institution stands ready to support Guyanese companies in their quest to take advantage of opportunities in the country’s oil boom. By leveraging supply chain finance and other tailored financial products, Ihejirika said Guyanese businesses can enhance their cash flow, scale operations, and even compete effectively… Read more
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Afreximbank wants to help Guyanese seize oil boom opportunities
By Kiana Wilburg CEO, Guyana Energy Conference & Supply Chain Expo The African Export–Import Bank (Afreximbank) is ready to support Guyanese with innovative financing solutions, thereby enabling them to capitalize on the country’s oil boom. By leveraging supply chain finance and other tailored financial products, Afreximbank’s Regional Chief Operating Officer (COO), Okechukwu Ihejirika, said Guyanese… Read more