Latest news with #Stabroek
Reuters
6 days ago
- Business
- Reuters
Rise Guyana Announces Final Close of $29 Million Real Estate and Infrastructure Fund
GEORGETOWN, Guyana, June 3, 2025 (EZ Newswire) -- Rise Guyana, opens new tab today announced the final close of its inaugural private investment fund at USD $29 million, the first institutional real estate and infrastructure fund in Guyana. Backed by global investors from the United States, United Kingdom, Europe, South America and the Middle East, the fund capitalizes on Guyana's meteoric rise as the fastest-growing country in the world and the new frontier for high-impact investment. The closing comes as international oil giants ExxonMobil and Chevron square off in a high-stakes arbitration battle over a $1 trillion oil discovery in Guyana's Stabroek block—underscoring the country's growing strategic significance on the global stage. 'This fund reflects our confidence in Guyana's transformation and our commitment to building long-term value with local roots and global vision,' said Kristine Thompson, co-founder and managing partner of Rise Guyana. A Nation That's Redefining the Map Guyana's Stabroek oilfield—home to an estimated 11 billion barrels of reserves—has not only enabled Exxon to reclaim its crown as the most valuable U.S. oil company, but it's also projected to generate $182 billion in profits for Exxon and partners, and over $190 billion in revenue for the Guyanese government over the next 15 years, according to Wood Mackenzie. The scale and profitability of Guyana's oil—extracted at a breakeven cost below $30 per barrel—have made it 'one of the most prized oil and gas projects on the planet,' according to industry analysts. As a result, Guyana's economy tripled in the last five years and is estimated by the International Monetary Fund to grow at close to 15% annually for the next five. Rise Guyana: First Mover. Local Roots. Global Standards. Rise Guyana is an institutional fund manager dedicated to developing the assets that power Guyana's economic transformation. Led by a Caribbean-based team with decades of frontier-market experience, the firm combines local roots with global governance standards. Key projects in the pipeline include: The Fund targets a net internal rate of return of 30% through a barbell strategy that balances stable yield with opportunistic growth, offering a compelling profile for investors seeking frontier alpha in a de-risked environment. 'This is more than a real estate fund—it's a platform for national transformation,' added Thompson. 'We're combining frontier returns with institutional governance to help shape the physical, economic and social future of Guyana. This is the first of many funds to come.' As the world's eyes turn to Guyana, Rise Guyana is offering a rare opportunity: to build with purpose in a nation rising on the strength of its natural resources, its people and its promise. About Rise Guyana Rise Guyana is Guyana's first institutional fund manager dedicated to developing the assets that will power Guyana's economic transformation. The platform leverages unparalleled local knowledge and global acumen to generate significant returns in sectors such as real estate and infrastructure. Situated in the heart of Georgetown, Guyana, we are an integral part of the world's fastest-growing economy, with a vision to create enduring value for our investors and the local community. For more information about Rise Guyana and to explore investment opportunities, visit our website at Media Contact Kristine Thompson+1 868-683-6178kthompson@ ### SOURCE: Rise Guyana Copyright 2025 EZ Newswire See release on EZ Newswire
Yahoo
29-05-2025
- Business
- Yahoo
Exxon Leads $1 Trillion Stabroek Dispute as Chevron Awaits Ruling
Exxon Mobil (NYSE:XOM) edged lower despite senior VP Neil Chapman declaring the company the favorite in a $1 trillion Stabroek oil-field arbitration against Chevron (NYSE:CVX). Chapman told investors that London's three-member panel wrapped hearings this week and is expected to rule in Exxon's favor within two to three months, affirming its right of first refusal on Hess's (NYSE:HES) 30% stake in the Guyana joint venture. Chevron's proposed $53 billion acquisition of Hess last year would have handed it control of Stabroekhome to roughly 11 billion barrels of recoverable reserves and a key growth driver for both companies. Exxon owns 45% of Stabroek, while China's Cnooc holds 25%. A loss in arbitration could force Exxon to cede its position or renegotiate the deal; a win could prompt Chevron to abandon or rebid the transaction. Either outcome carries massive strategic stakes given Exxon's $444 billion market cap and Chevron's 13% share-price slide over the past year. Investors should care because the panel's verdict will reshape the competitive landscape in deepwater oil, potentially reallocating one of the sector's richest assetsand swinging momentum between two of Big Oil's powerhouses. With the ruling expected by late summer, markets will be watching for any early commentary from the tribunal or preemptive deal shifts by either Exxon or Chevron. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
