News

Since Russia’s invasion of Ukraine on February 24, 2022, international observers predicted that harsh sanctions on the Vladimir Putin administration could propel oil prices to a record-breaking US$200 a barrel, US$53 higher than it ever was on July 11,...

The private sector in Guyana has been given a welcome boon by the government, after the effect that global supply chain bottlenecks and war in eastern Europe have had on commodity prices and working-class pockets. After nearly two years of...

The economic impact of the war in Ukraine is being felt around the world as oil prices become more volatile with surges pushing Brent to its highest level in nine years at one point. This follows the impacts of...

(S&P Global Platts) Norway's state-controlled Equinor is to stop trading or transporting Russian oil, it said late March 14, following a decision to exit its Russian joint ventures in response to the invasion of Ukraine. In a statement, Equinor said...

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), announced on Monday that it has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI's 17.5% Working Interest (WI) in the Canje Block offshore Guyana. The deal...

In the context of arguments that Guyana should not develop its oil and gas resources as quickly as the government intends to, energy policy specialist Wazim Mowla asks “Why wait?” Mowla is a non-resident scholar at Florida University’s Jack D. Gordon...

Spanish oil firm Repsol, operator of the Kanuku Block offshore Guyana, is in search of companies to provide information regarding well testing services. In Requests For Information (FRI) posted by its local affiliate Repsol Exploración Guyana on Friday, the company...

Guyana’s labour Ministry launched a national job bank online on Friday to connect the unemployed with jobs across the country. Subject minister, Joseph Hamilton, said during the launch ceremony that the government wants companies in the oil and gas sector to...

Two policy experts believe that there should no longer be much of a question of whether Guyana should develop its oil resources to fuel its sustainable development. Wazim Mowla, who focuses on Caribbean studies and foreign policy, said it...

In their first regional socioeconomic project under the Greater Guyana Initiative (GGI), the Stabroek Block co-venturers have targeted the livestock industry in the Rupununi area with a US$120 million (US$608,000) grant. The ‘EggSandwich Project’ seeks to reduce the livestock import...