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BP, Petrobras in strategic business alliance

BP and state-owned Brazilian oil company Petrobras have announced they have signed a Memorandum of Understanding (MoU) to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond. Petrobras is globally recognized as the world’s...

MNR pushing for development of spatial data management system

Guyana’s Ministry of Natural Resources (MNR) will be moving to establish an information portal on the development of natural resources in the South American country the Department of Public Information (DPI) stated in a report. Natural Resources Minister, Raphael Trotman...

Canada’s energy industry faces ‘extinction’ without M&A, BMO says

(Bloomberg) Investors have bailed on the Canadian energy sector, although mergers & acquisitions north of the border could provide a much needed catalyst, barring pipeline and political developments. Raymond James recently called upon John Connor to help save the space, and BMO Capital...

After targeting U.S. farms, China can strike America’s shale

(Bloomberg) Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products targeted. The list also included petrochemicals and liquefied propane, indicating that the world’s biggest oil buyer...

Analysts: Iran, Venezuela biggest political risks facing oil sector in 2018

The largest political risks facing the oil and gas sector this year remain centered around Iran and Venezuela. That is the view of oil and gas analysts at BMI Research, who highlighted that uncertainty surrounding the future of sanctions on...

Guyana wants Venezuela to leave Ankoko, stop threatening companies

Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...

Venezuela as party to Geneva Agreement accepted jurisdiction of ICJ

The position of the Nicolás Maduro administration that Venezuela does not recognize the International Court of Justice’s (ICJ) jurisdiction over its border controversy with Guyana is in contravention with the Bolivarian Republic’s consent to the Geneva Agreement. Guyana, in its Application...

US to sell oil and gas leases in Gulf of Mexico

The US Department of Interior is set to allow oil and gas firms to explore and develop 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida. Anticipated to be conducted on 15 August this year, Lease Sale 251 will...

Reports point to heightened security around energy assets in T&T amid terror concerns

Warnings about Islamist group ISIS having a local cell in Trinidad and Tobago (TT) has prompted energy companies in the twin island republic to beef up security. London-based Argus Media reported on Monday that government, industry officials and diplomats told...

Trump doesn’t care about Latin America, Lula tells Correa

Former Brazilian President Luiz Inacio Lula Da Silva says US President, Donald Trump “doesn't care about Latin America in the least” and added that “Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama...

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Guyana Business Chamber urges halt to Corentyne Bridge talks over Suriname waterway fees

The Georgetown Chamber of Commerce and Industry (GCCI) on April 3, 2026 called on the Government of Guyana to...