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ExxonMobil has not asked Guyana to extend the exploration licence for its Stabroek oil block, which now runs to October 2027, a senior executive said. The post Exxon Yet to Seek Guyana Licence Extension appeared first on The Rio Times.
Chevron Corp. declined to continue supporting a proposed deep water port in Guyana after last year’s acquisition of Hess Corp., which had funded preliminary studies for the project.
Guyana's oil fund took in about US$3.88 billion in nine months, with US$1.89 billion in the third quarter, the Bank of Guyana's reports show. The post Guyana Oil Earnings Reach US$3.88 Billion appeared first on The Rio Times.
Guyana’s gold exports reached US$826.2 million in January to June, up 48.5 percent, but all of the gain came from price while shipped ounces fell 6.7 percent. The post Guyana Gold Exports Hit US$826 Million appeared first on The Rio Times.
A US-based investor, Fortuna, G Mining and others have bought into Guyana gold ground since February, but local-ownership rules shape almost every deal. The post Foreign Firms Strike Nine Guyana Gold Deals appeared first on The Rio Times.
Guyana now sits in OECD risk category 4, level with Brazil and Panama. That lowers the minimum fee on state-backed export credit, but no saving is published. The post Guyana Climbs to Export Credit Category 4 appeared first on The Rio Times.
The World Bank now expects Guyana’s economy to grow 23.7% in 2026, the region’s fastest rate. Oil drives the boom, and critics warn about dependence. The post World Bank Lifts Guyana Growth to 23.7% appeared first on The Rio Times.