Gov’t welcomes 49th oil discovery in Stabroek Block

(Press release from Natural Resources Ministry) – The Ministry of Natural Resources is pleased to announce an oil discovery at the Bluefin well in Guyana’s Stabroek Block, making it the first discovery of 2024. Located approximately 8.5 kilometres southeast of the Sailfn-1 well, Bluefin encountered approximately 197 feet (60 metres)…

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Merchant Bank facilitates US$25M financing facility for Vreed-en-Hoop Shorebase

New Hayven Merchant Bank, a leading financial institution committed to fostering economic development, has successfully arranged, acted as collateral, and served as administrative agent for a US$25 million financing facility extended to Vreed-en-Hoop Shorebase Inc. (VEHSI). This financing marks a significant milestone in facilitating VEHSI’s first-of-a-kind oil and gas infrastructure…

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Mayor, Private Sector to ‘revitalise’ Georgetown

Several stakeholders on Thursday met with Georgetown Mayor, Alfred Mentore to discuss the revitalisation of the Capital City. Representatives from the Tourism and Hospitality Association of Guyana (THAG), Private Sector Commission (PSC), the Women’s Chamber of Commerce & Industry Guyana (WCGI), Guyana Tourism Authority (GTA) and the Georgetown Chambers of…

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GBTI nets $3 billion profit in 2023

Press release from GBTI – GBTI last year continued its growth trajectory marking increased financial profitability and according to the bank this performance was driven by prudent cost management and a focus on improving operational efficiency. Chairman of the Board of Directors, Robin Stoby said the report on the financial…

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