In August 2024, Guyana’s Minister of Natural Resources, Vickram Bharrat, announced that the country’s oil reserves had grown by 600 million barrels to 11.6 billion barrels.
Guyana (next to Venezuela, English-speaking, with less than a million people) is on track to overtake Norway as an offshore oil producer within a decade. The oil only started flowing in 2019 ...
Guyana, home to only 800,000 people, has become international hot property – and the reason is oil. When oil giants first arrived in the South American country in 2008, there was "little ...
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Its most prized asset: the Stabroek offshore oil block, near the coasts of Guyana. The area has become the epicentre of a new boom, as industry giants scramble for a cut in the action. In the last ...
In this third decade of the 21st century oil exploration has placed Guyana among the major global oil producers and has pushed GDP growth to unprecedented levels. The sudden ascendancy of the oil ...
President of Guyana Irfaan Ali has acknowledged "time is not on our side" as the South American country scrambles to make the most of its newfound oil wealth before it is too late. Over the past ...