By: dpi.gov.gy | Editorial Credit: dpi.gov Guyana’s exemplary management of its oil and gas sector has earned it an invitation to chair a global coalition of the world’s newest oil-producing nations. The group includes fellow oil producers such as Ghana and Suriname. Minister of Natural Resources Vickram Bharrat made the announcement on Saturday during the […]
By Rona Mahadeo | Editorial credit: em_concepts / shutterstock.com Guyana, a small South American nation with a population of just under 800,000, has emerged as one of the fastest-growing economies globally due to its significant offshore oil discoveries starting in 2015. With an estimated 11 billion barrels of recoverable oil reserves discovered in the Stabroek […]
The “Liza Destiny,” the first of a number of Floating, Production, Storage and Offloading (FPSO) vessels that will be deployed in Guyana’s waters by ExxonMobil. (Esso Exploration and Production Guyana Limited photo) (Stabroek News) Guyana is now officially a producer of petroleum – on December 20, 2019. The historic moment was announced last night by […]