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U.S. gov’t courting Venezuela as Russian economy buckles under sanctions

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(Fox News) Several senior Biden administration officials from the White House and State Department traveled to Venezuela on Saturday to meet with the Russian ally as Moscow’s economy begins to crater under the weight of sanctions, according to a report. The U.S. is hoping to capitalize...
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Government wants CGX to carry out work commitments on Berbice, Demerara blocks

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During the wave of excitement CGX Energy Inc. and its Canadian joint venture partner, Frontera Energy Corporation, created with respect to the Kawa-1 discovery on the Corentyne Block, the explorers indicated that they would be looking to focus their...
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Guyana government perplexed over criticism it is working too fast

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Guyana’s Attorney General (AG), Anil Nandlall said in an interview last week the government’s development agenda, which includes full support for the offshore oil and gas operations, will not slow down even though some sections of the society seem...
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CGX plugs, abandons Kawa-1 well; says that was its intention all along

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When Canadian-based exploration company CGX Energy Inc. announced on January 31, 2022, that it had landed a discovery at the Kawa-1 well, industry stakeholders were excited. It was anticipated that Guyana was now closer to having another major production...
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Oil surges closer to $120 – highest point in 9 years

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

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

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

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

OilNOW -
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...
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Attacks on Ukraine’s biggest nuclear plant push oil up

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(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...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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