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...
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...
(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...
(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...
- 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...
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...
(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...
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...
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...
The inaugural three-day Guyana Trade and Investment Exhibition (GuyTIE) was officially opened by President David Granger on Thursday at the Marriot International Hotel in Guyana's capital, Georgetown.
Fifty-six exhibitors and over 100 potential buyers and investors are expected to participate...
