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Oil Finds: Guyana’s PM says country guarding against “sleaze, malfeasance”

The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector. The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...

Oil Finds: Guyanese people need to benefit from resources

The importance of Guyanese benefiting directly from what is believed to be significant commercial quantities of crude oil offshore the South American country is being emphasized by the head of a key entity representing the interest of the country’s...

Oil prices rise to one-month high

The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel. This increase comes on the heels of an unplanned production...

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CARICOM reaffirms support for Guyana’s sovereignty; urges member states to be mindful of int’l law

The Caribbean Community (CARICOM) on April 28 maintained its support for Guyana’s sovereignty while warning against the use of...