Author: Kiana Wilburg
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Improving Guyanese lives one housing project at a time
The landscape of Guyana is being transformed substantially and part of that transformation is the development of new housing schemes all across the country. According to Guyana’s Minister within the Ministry of Housing and Water, Susan Rodrigues, this is being done because of the government’s ambitious goal of delivering 50,000 house lots between 2020 and… Read more
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Guyana’s Macroeconomic Policy Sound
Many have been vocal about the pitfalls Guyana can succumb to as it develops its nascent oil and gas sector and the wider economy. As such, there has been no shortage of suggestions and advice for the small nation at the northern edge of the South American continent. Guyanese Financial Analyst Joel Bhagwandin is among… Read more
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CGX and Frontera set to spud Wei-1 and construction begins at deepwater port in Berbice
Canadian based CGX Energy along with Frontera Energy Corporation have indicated their readiness to spud (begin drilling) the Wei-1 well in the Corentyne block offshore Guyana. The partners have issued a press release stating their commitment to drill the Wei-1 well and that final preparations are complete in advance of spudding the Wei-1 well. The… Read more
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Guyana GDP growth rate to be highest in the world
According to estimates by the WorldBank and International Monetary Fund( IMF), Guyana, one of Latin America’s smallest countries is set to post the world’s highest GDP growth. For several years, since the production of crude oil begun through Exxon’s Liza development, the country has outpaced global growth averages. It is projected that at the end… Read more
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Guyana Shore Base inks 11-year extension contract with ExxonMobil Guyana
Monday 19, july 2022 Guyana Shore Base Inc. (GYSBI), a pioneering Guyanese company in the local oil and gas sector has announced that it has inked an 11-year extension contract with Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil affiliate for the provision of shore base management and operations services. According to a release… Read more
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Crude ramp-up to reflect 57.8% economic growth in Guyana
Monday 11, july 2022 Non energy sectors also expected to grow Guyana has been producing crude since 2019 and since then the country has been one of the top performing economies in Latin America. When production began, Exxon had one floating production (FPSO) unit in place, Liza Destiny. This had production capacity of 120,000 barrels… Read more
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Crude ramp-up to reflect 57.8% economic growth in Guyana
Non energy sectors also expected to grow Guyana has been producing crude since 2019 and since then the country has been one of the top performing economies in Latin America. When production began, Exxon had one floating production (FPSO) unit in place, Liza Destiny. This had production capacity of 120,000 barrels of oil per day.… Read more
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Barbados Signs Cooperation Agreements With Guyana and Suriname
Wednesday 06, july 2022 The Barbados Ministry of Foreign Affairs and Foreign Trade has announced that Barbados has signed new agreements with two CARICOM neighbors. According to the Ministry, the new agreement provides for enhanced cooperation between the governments and the exploitation of opportunities in several areas of economic activity for their people. The Agreement… Read more
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Petrobras buys Guyana crude for refining
Wednesday 29, june 2022 Guyana’s market reach expands with its first sale of crude to Petrobras, Brazil’s state oil company. According to Reuters, Petrobras has secured its first cargo of Guyanese crude, with the intention of refining it domestically. Guyana has been ramping up production, with the start of a second floating production facility in… Read more
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Petrobras buys Guyana crude for refining
Guyana’s market reach expands with its first sale of crude to Petrobras, Brazil’s state oil company. According to Reuters, Petrobras has secured its first cargo of Guyanese crude, with the intention of refining it domestically. Guyana has been ramping up production, with the start of a second floating production facility in February. It now has… Read more