News

Attorney-at-Law and Member of Parliament Sanjeev Datadin insists that his suggestion that Guyana can enter a reservation to opt-out of certain obligations under CARICOM's Revised Treaty of Chaguaramas (RTC), is sound, irrespective of arguments that resist such an approach. Datadin’s comments...

Some stakeholders in Guyana have argued that the new oil producing South American country has at its disposal, the choice to opt-out of obligations under the Caribbean Community's (CARICOM) Revised Treaty of Chaguaramas (RTC) so as to ensure the...

ExxonMobil is set to continue drilling activities at the Barreleye-1 prospect at the Stabroek Block offshore Guyana, following ongoing drilling activities at Kiru Kiru which commenced earlier in March. The drill campaign at Barreleye-1 had started in January but was not...

The latest Competent Person’s Resource (CPR) Report, compiled by Letha C. Lencioni of WSP USA Inc., shows that in terms of oil, the Orinduik Block holds a best estimate of 8.1 billion barrels of Unrisked Prospective Resources. It also holds a...

As ExxonMobil positions itself to ramp up production in Guyana’s Stabroek block by adding projects nearly every year, the government plans to spend a majority of its early windfall for development projects. Guyana projects that the total inflows to its...

Said to be the largest real estate franchise in the world, the US franchise Keller Williams (KW) has announced its decision to expand into Guyana. Already serving more than 50 countries outside of its main operations in the United States...

Authorities in Guyana say the country is committed to supporting an aggressive exploration and production programme off of its coast since it sees revenues coming in from the oil and gas sector as playing a key role in the...

(Reuters) - Oil prices jumped more than $3 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi...

As a result of surging oil prices following the Russia-Ukraine crisis, global energy markets are now facing what could turn out to be the biggest supply crisis in decades, said the International Energy Agency (IEA) on Monday. While it is...

Guyana has a tremendous record in environmental protection due to State policies and the ecosystem and carbon sequestration services that its forests provide. Considering this, Georgetown businessman, Timothy Tucker, is urging hardline environmentalists to exercise compromise for the benefit...