December 2019 saw the introduction of oil production in Guyana resulting in the goods trade balance moving from a deficit of US$627 million or 12.1% of GDP in the first half of 2019 to a surplus of US$143 million or 2.8% of GDP in the same period in 2020. Crude oil also contributed US$452 million...

-US$49.3m earned By Marcelle Thomas December 28, 2020 At a price of close to US$49.50 per barrel of oil, Guyana has received its fourth one million barrels of oil scheduled for this year and will get its first lift for 2021 in February next year, Vice President Bharrat Jagdeo yesterday confirmed....

Join us as the Guyana Forestry Commission along with our partners host the virtual learning event on the European Union Forest Law Enforcement, Governance and Trade (EU-FLEGT) Voluntary Partnership Agreement (VPA) titled “Markets, Technologies and Communities: Lessons and Experiences for the Fo...

New research explores how local communities can be empowered to participate extractives sector oversight The COVID-19 pandemic has thrown resource-rich countries into a triple crisis, and communities dependent on extractive revenues are particularly affected. Accountable extractives sector mana...

Payara offshore development approved with recommendations following intense review by local and international experts. In fulfilment of government’s elections campaign commitment of full disclosure of all transactions in the Oil and Gas Sector, please click on the link below to view the productio...

Bharrat outlines more measures for managing Guyana oil resources

Brazilian dredge owner fined $12m for ripping up part of Cuyuni River bank