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Mexico-Guyana Strengthen Economic Ties with the Official Launch of the Chamber of Commerce

Mexico-Guyana Strengthen Economic Ties with the Official Launch of the Chamber of Commerce

Georgetown, Guyana – February 18, 2024 – A new chapter in economic collaboration between Mexico and Guyana was officially inaugurated at the Guyana Energy Conference & Supply Chain Expo 2024 with the launch of the Mexico-Guyana Chamber of Commerce. The event, held at 4:45 PM, marked a historic moment in strengthening bilateral trade, investment, and business opportunities between the two…

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U.S. EXIM Bank Approves $526 Million Loan for Guyana’s Gas-to-Energy Project

U.S. EXIM Bank Approves $526 Million Loan for Guyana’s Gas-to-Energy Project

A Major Boost to Guyana’s Energy Sector Guyana’s journey toward energy self-sufficiency reached a new milestone with the U.S. Export-Import (EXIM) Bank’s approval of a $526 million loan to fund a transformative gas-to-energy project. Announced on December 26, 2024, this initiative is poised to double the nation’s power generation capacity, slashing its dependency on costly oil imports while significantly reducing…

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Guyana Exported 225 Crude Cargoes in 2024

Guyana Exported 225 Crude Cargoes in 2024

Guyana’s Oil Boom Continues to Impress Guyana solidified its reputation as one of Latin America’s top oil exporters in 2024 by shipping a record 225 crude cargoes. This achievement reflects a 54% year-over-year increase, with daily exports reaching 582,000 barrels compared to 377,000 barrels in 2023. These figures underscore the exponential growth of Guyana’s oil sector, primarily driven by the…

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ExxonMobil Guyana announces arrival of Prosperity FPSO

ExxonMobil Guyana announces arrival of Prosperity FPSO

Georgetown – ExxonMobil Guyana today announced the arrival of the Prosperity Floating, Production, Storage, and Offloading (FPSO) vessel in Guyana waters. Production from Payara is expected to begin later this year. Constructed by SBM Offshore, the Prosperity will develop the Payara field in the offshore Stabroek block. It has an initial production capacity of around 220,000 barrels of oil per…

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