Category: News2

With just a few weeks before August arrives, Guyana inches closer to becoming the world’s largest oil producer per capita.   The milestone is tied to the start-up of the ONE GUYANA floating production, storage, and offloading vessel (FPSO), the latest to hit the ExxonMobil-operated Stabroek Block for the Yellowtail development. Production is expected to start next month. With it, […]

Bechtel Corporation is progressing on developing a deep-water port at the Berbice River’s mouth. On Wednesday, Bechtel executives met President Irfaan Ali, who stressed the government’s need to expedite the project for Guyana’s oil and gas sector growth. “This project is of national, regional, and hemispheric importance…we must move forward as quickly as possible to […]

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Tapping the revenue potential of extractives Proposals to enhance revenue mobilisation were central to the agenda at the fourth Financing for Development (FfD4) conference, which took place in Seville in early July. The resulting Seville Commitment comes at an opportune time. Domestic revenue mobilisation (DRM) has failed to increase significantly over the past decade, while aid flows are shrinking. New […]

The Guyana Gold and Diamond Miners Association (GGDMA) commends the Guyana Geology and Mines Commission (GGMC) and the Ministry of Natural Resources (MNR) for their ongoing efforts and more specifically the recent successful enforcement actions against raiding and other illegal mining activities, which last week saw the dismantling of several illegal operations within the last […]

Mako Mining’s 5,050-hectare site includes the Eagle Mountain project which is 4,784-hectare and Kilroy Mining Medium-scale which covers an area of 252 hectare. The project has two gold deposits, the Eagle Mountain and Salbora, as well as several other exploration targets. According to the company, US$1.5 million was spent in exploration and evaluation expenses during […]

Guyana Deepens Commitment to LCDS 2030 —as Guyana Marine Conservation Society signs MoU with the National Toshaos Council The Guyana Marine Conservation Society (GMCS) and the National Toshaos Council (NTC) on Thursday signed a historic Memorandum of Understanding (MoU) aimed at enhancing collaboration on marine and coastal conservation efforts, with a strong focus on Indigenous […]

In the pristine lakes of Guyana, a new method of fishing is making waves, particularly for the economic empowerment it brings to indigenous communities. Cage fishing, a practice where fish are raised in enclosed, underwater structures, is proving to be a game-changer in the Essequibo-lake communities, pioneering the project. It ties in with Guyana’s Low […]

In just the first five months of 2025, nearly half of Guyana’s offshore crude exports were shipped directly to only two countries: the Netherlands and Panama. Of the 93 cargoes recorded during the period, each typically carrying about one million barrels of oil, 20 were destined for the Netherlands and another 20 for Panama, accounting […]

Kaieteur News – In 2024, Guyana’s Natural Resource Fund (NRF) received nearly US$2.6 billion in oil revenues. But for that same year, the Government of Guyana out of its share of profit oil, was required to pay to the Guyana Revenue Authority (GRA) about US$2.4 billion in income tax for the three oil companies operating in […]