There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less on privatisation per se than on the form of the privatised energy industry. This can...
Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media organization, Argus.
The waiver issued as a general license by the US Treasury Department on 28 January allowed...
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad...
Harvey Gulf International Marine Inc. has established its newest country office in Guyana. On Wednesday, July 10, 2019, Harvey Gulf’s local office, Guyana Offshore Vessel Services Inc, held a reception to celebrate the occasion in front of their building...
Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American...
With no signing bonus and seismic exploration data being made available to companies for free, the Dominican Republic is offering low-risk contract terms in an effort to attract big investment in its nascent oil and gas industry.
The licensing round...
French oil giant Total has confirmed that it has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. According to a Total release,...
More than 15 drill targets have been identified at the Orinduik block offshore Guyana and co-venturers Tullow, Total and Eco Atlantic are fully funded to drill at least 8, having just a few days ago spudded the first of...
Guyana’s finance minister, Winston Jordan, says while the prospect of cash payouts to citizens from oil revenue has not been discussed at the level of Cabinet since it was first floated several months ago, it is not something that...
The Caribbean Community said this week in a Communique coming out of the 40th Regular Meeting of the Conference of Heads of Government that it remains committed to supporting Guyana in the country’s efforts to preserve its sovereignty in...
