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Guyana News

Oil & Gas;Engineering & EPC

Saipem initiates preliminary work for ExxonMobil SURF infrastructure in Guyana

Saipem has secured a 150 million USD initial commitment from ExxonMobil Guyana to begin engineering and procurement for the Longtail deepwater project. This agreement precedes a potential 1.5 billion USD contract, pending final investment decisions and regulatory clearance for the Stabroek Block development.

Guyana | 1 month ago

Mergers & Acquisitions

G Mining Ventures to acquire G2 Goldfields in $3 billion Guyana consolidation deal

G Mining Ventures has agreed to acquire G2 Goldfields in a transaction valued at approximately C$3.0 billion, combining adjacent gold projects in Guyana. The merger creates a district-scale hub with potential to produce over 500,000 ounces annually, unlocking an estimated C$1 billion in synergies by sharing infrastructure and permitting.

2 months ago • Guyana

Investments & Funding

Caribbean Development Bank approves $50 million climate loan for Guyana

The Caribbean Development Bank has approved $50 million in policy-based financing for Guyana as part of a $175 million two-loan programme. The funding supports climate resilience, biodiversity management, and water governance reforms under Guyana's Low Carbon Development Strategy 2030.

2 months ago • Guyana

Oil & Gas

SBM Offshore secures FEED contracts for ExxonMobil's Longtail FPSO project in Guyana

SBM Offshore has been appointed by ExxonMobil Guyana to conduct front-end engineering and design for a new floating production vessel. Targeted for the Longtail development, the vessel will utilize standardized hull technology to produce 250,000 barrels of condensate daily, marking a significant progression in Guyana’s offshore energy expansion.

2 months ago • Guyana

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.