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Oil surges closer to $120 – highest point in 9 years

(Reuters) - Oil surged on Friday, ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude. Crude prices posted their largest weekly gains since the middle...

CARICOM Heads renew support for Guyana in border controversy case with Venezuela

CARICOM Heads of Government recently received an update on the most recent developments in the controversy between the Cooperative Republic of Guyana and the Bolivarian Republic of Venezuela and were keen to renew their support for the former. They noted...

Over US$50 million more went into drilling CGX ‘game-changer’ well

CGX Energy and partner Frontera plugged just over US$50 million dollars more into the exploration campaign conducted at the Kawa-1 well on the Corentyne Block, than was initially estimated. The partners said on Wednesday that the final cost of...

CARICOM States must not let up on demanding climate action from G20 – UN Secretary General

The latest report of the Intergovernmental Panel on Climate Change (IPCC), one of the key organs of the United Nations, issues more alarming evidence that climate impacts are on course to reach catastrophic levels if crucial actions are not...

Exxon replants mangroves cleared for fibre optic cable, removes 1.4 tonnes of trash

ExxonMobil Guyana has replanted the mangrove vegetation cleared at the Ogle foreshore, East Coast Demerara for the landing of its fibre optic cable which will service its offshore facilities. The exercise was overseen by officials from the National Agricultural Research...

Attacks on Ukraine’s biggest nuclear plant push oil up

(S&P Global Platts) Crude oil futures traded higher in mid-morning Asian trade March 4, after Russia attacked Ukraine's largest nuclear plant in Zaporozhe, raising the risk for more sanctions against Russia. At 11:45 am Singapore time (0345 GMT), the May...

Guyanese recruitment firm adopts UN Women’s Empowerment Principles

Strategic Recruitment Solutions (SRS) has adopted the United Nations Women’s Empowerment Principles (WEPs) as part of its commitment to promoting gender equality and women’s empowerment in the workplace, marketplace and community. CEO of SRS, Kerri Gravesande-Bart, said the company is...

CGX says final cost of Kawa-1 well is US$141 million, analysis of results still ongoing

CGX Energy said in a statement released on Wednesday that it has safely completed exploration activities at the Kawa-1 well. The well has now been safely plugged and abandoned and the Maersk Discoverer drilling rig has been released from...

Norway group warns war in Ukraine could wipe out 1 million barrels per day of oil demand

War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, Rystad Energy said in new research released on Wednesday. “The human and material costs of the...

Limits in insurance policies provided to EPA being incorrectly conflated, Exxon maintains

ExxonMobil Guyana said Wednesday a document presented to the Environmental Protection Agency (EPA), as referenced by the former Executive Director Dr. Vincent Adams, detailed specific insurance policies for the development of the Liza 1 and 2 projects. This statement follows...

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ExxonMobil Guyana to release 2023 financials in a month – Routledge

ExxonMobil will release a report on the 2023 financial results of its Guyana affiliate in a month, its Guyana...