November 28, 2017

Low oil and gas prices have spurred an exodus on foreign oil companies from Canada’s energy sector over the last year. On Thursday South Africa’s Sasol Ltd became the latest international energy firm to say it plans to divest Canadian assets. The departures have raised doubts over future development prospects of the world’s third largest…

As interest in exploring unallocated petroleum blocks off Guyana’s shores increases, Government is seeking to revise the existing template of the Production Sharing Agreement (PSA) so as to “safeguard the rights of our nation to a fair share of resource wealth.” This is according to Minister of Finance Winston Jordan who told the National Assembly,…