News

(Reuters) - State-owned Bank of China (BoC) has been fined 50.5 million yuan ($7.73 million) over irregularities in a loss-making product linked to crude oil, the banking regulator said on Saturday. The China Banking and Insurance Regulatory Commission began an...

Guyana’s President, Dr Irfaan Ali on Friday announced the formulation of a joint high-level team comprising government and private sector representatives to examine the existing barriers to trade which the country faces, particularly in the CARICOM region. The Head of...

The emergence and fast-paced development of Guyana’s promising oil and gas sector has had a positive impact on and been a catalyst for international partnerships between local and foreign businesses. These partnerships are resulting in employment and capacity building...

A ten-member team from Australia-based Fortescue Metals Group (FMG) arrived in Guyana on Friday to pursue talks on investment opportunities in the new oil producing South American country. The team, led by FMG’s Deputy Chief Executive Officer (CEO) Julie Shuttleworth...

The building of strong partnerships and need for robust investment across a number of sectors in Guyana were underscored on Friday at the launch of the Guyana-Canada Chamber of Commerce held at the Arthur Chung Conference Centre, on the...

(Bloomberg) --After five days of difficult talks that exposed new rifts between core members, OPEC+ agreed to gently ease output cuts next year. The deal appeared to satisfy the oil market and most of the cartel’s members but strained...

(S&P Global) Brazilian state-led oil company Petrobras could turn to Guyana for access to acreage along South America's equatorial margin if local environmental regulators do not grant permits to drill in Brazil's Foz do Amazonas Basin, CEO Roberto Castello...

The world is moving now faster than ever towards renewable energy sources and this along with other factors that impact the demand for oil means that going forward, prices are not likely to increase beyond $50 per barrel. This,...

With Guyana now being an oil producing nation that currently has one operational field within the multi-billion barrel Stabroek Block as well as two other slated to begin production by 2025, the country has placed keen focus on oil...

Touchstone Exploration Inc. said Thursday drilling at the Cascadura Deep-1 exploration well on the Ortoire exploration block onshore Trinidad and Tobago encountered significant hydrocarbon accumulations based on drilling and wireline log data. The Cascadura Deep-1 well was drilled to a...