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Monthly Archives: August 2020

President Ali pushes 60% reduction in electricity cost as part of gas to power...

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Guyana’s President, Dr. Irfaan Ali, says his administration is committed to establishing a natural gas facility to meet the energy needs of...

Top envoy says U.S. preparing tighter oil sanctions on Venezuela

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(Reuters) - The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the...

PPP/C government urged to embrace dual citizens, avoid wasteful investments – as part of...

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Acknowledging that it was vital Guyana got past its recent political crisis if the country had any hope of benefiting from its...

Normand Installer set to arrive in Guyana as development work for Liza Phase 2...

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Activities are ramping up offshore the South American country of Guyana in preparation for the Liza Phase 2 Development, set to come...

Brent hits five-month high

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(Reuters) - Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi...

World oil demand has grown by 13 million bpd over last 4 months –...

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World oil demand has grown at a record pace—by 13 million barrels per day in the last four months—since the bottom of...

Aramco discovers two new oil and gas fields in northern Saudi Arabia

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(Bloomberg) - Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported,...

The role of the invisible hand and diversion in Guyana’s natural resources development

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The fact that privatisation did not solve the problem of resource diversion should not have come as a surprise: profit-maximizing private enterprises...

Caribbean-Dubai Chamber of Commerce under consideration

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First Lady of Guyana, Mrs. Arya Ali on Saturday participated in the first of a series of meetings, which was organized by...

Guyana COVID-19 Situational Report with forecasts

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Updated: August 29, 2020 Figure 1: Monthly COVID-19 Tests to Positive Cases in Guyana