(Reuters) - Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel...
Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company...
Brazilian state-led oil company Petrobras plans to drill two wells in the sensitive Foz do Amazonas Basin in an attempt to replicate the massive offshore discoveries made in neighboring Guyana and Suriname, but still needs to win permits from...
By A. Bacchus - OilNOW
“We got oil but wuh duh mean fuh me? I ain’t seeing a cent of the oil money.” I recently heard that statement from a close friend of mine who has, in recent years, been...
In keeping with requirements that Guyana signed onto with the Extractive Industries Transparency Initiative (EITI), the country’s Natural Resources Ministry had issued Requests for Proposals (RFPs) for two projects.
The first seeks a consultant to conduct a comprehensive Guyana (GYEITI)...
The Georgetown Chamber of Commerce and Industry (GCCI) along with the Barbados Chamber of Commerce and Industry (BCCI) and the Suriname Trade and Industry Association (STIA) on Friday signed a Memorandum of Understanding (MoU) aimed at enhancing trade linkages...
Local and international employees of development company DAI donated 70 hampers consisting of food and hygiene products to the Civil Defence Commission (CDC) in Guyana on Friday. The products, such as rice, sugar, hand soap, sanitary napkins and other...
There is no letting up in South America's hottest new oil and gas basin where demand for FPSOs is growing as more hydrocarbons are found off the coast, adding to the multi-billion-barrel resources already discovered.
Take a brief by the...
S&P Global Platts, a leading independent provider of information, benchmark prices, and analytics for the energy and commodities markets, said Thursday the prospects are low for the United States easing crippling sanctions on Venezuela, once one of South America’s...
The Guyana Oil and Gas Energy Chamber (GOGEC) is urging Guyanese to “quickly adjust and learn fast” about the oil and gas sector so that they can maximise benefits from the growing opportunities in the South American country.
“Before 2015,...
