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Territorial controversy, oil & gas high on Guyana’s agenda for UN debate

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Guyana will be placing high priority on its ongoing territorial controversy with Venezuela, oil and gas related matters, and several other issues at the General Debate of the 73rd Session of the UN General Assembly Session currently taking place...
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Tullow Oil abandons Namibia well

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Reuters) - Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, the company said on Monday. “The Cormorant-1 exploration well in the PEL-37 licence, offshore...
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Eni recognized as Global Compact LEAD by UN

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Italian multinational oil and gas company Eni announced on Monday that it has been recognized as Global Compact LEAD, demonstrating the company’s ongoing commitment to the United Nations’ corporate sustainability initiative. The decision was revealed at UN Headquarters in New...
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US depends on Venezuelan oil, unable to stop importing overnight – Ambassador

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(Sputnik) - Venezuela is not satisfied with its quota for oil production under the Vienna agreement of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers and is currently taking measures needed to restore its level of...
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Major traders are talking about $100 oil again

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(Bloomberg) Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost...
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Islamic finance institutions invited to Guyana next year

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 - Private sector could benefit significantly from investment facilities Representatives from several Islamic development and finance institutions could arrive in Guyana early next year at the invitation of the country’s Minister of Finance, Winston Jordan. The South American country became the...
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‘Make cost recovery audit public; amend Procurement Commission Act’ – Persaud

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On the heels of nine major discoveries offshore Guyana by ExxonMobil and its partners HESS and CNOOC Nexen and with the recent announcement of a major resource estimation by Eco-Atlantic, former Minister of Natural Resources and the Environment Robert...
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U.S. preparing ‘actions’ in coming days against Venezuela, Pompeo tells Fox News

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(Reuters) - The United States is preparing a “series of actions” in the coming days to increase pressure on the Venezuelan government, U.S. Secretary of State Mike Pompeo told Fox News on Friday. “You’ll see in the coming days a...
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ExxonMobil cost recovery, Petroleum Commission Bill among top priorities for DOE – Dr Bynoe

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Guyana’s new Department of Energy (DOE) is stepping up its operations and has placed two key items at the top of its priority list.  Head of the Department, Dr Mark Bynoe said in the short-term focus will be placed...
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Granger signals intent to enter economic agreement with Barbados; calls on local private sector to avoid insularity

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Guyana’s President, David Granger has called on the country’s private sector to avoid the dangers of insularity, while pointing out that his government intends to continue pursuing regional economic cooperation. Referring to the private sector’s pivotal role in fostering economic...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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