The Guyana Extractive Industries Transparency Initiative (GYEITI) Outreach today centered on the Guyana Manufacturers and Services Association (GMSA) in Georgetown. Dr. Prem Misir’s (Head, GYEITI National Secretariat/National Coordinator) (with mask) presentation focused on what triggered the birth and development of the Extractive Industries Transparency Initiative (EITI); Dutch Disease; natural resource curse; transparency and accountability; EITI […]
Last week, British Petroleum announced that it was slashing more than $5 billion in planned green energy investments. It was a marked departure from the early 2000s, when the oil giant branded itself as “beyond petroleum,” and even 2020, when the company targeted a 20-fold increase in its renewables portfolio. “Today, we have fundamentally reset BP’s strategy,” […]
Gold prices took a step back this week after climbing to record highs last month, as signs of easing trade tensions and a strong U.S. jobs report pushed investors away from the safe-haven metal. Spot gold dropped to its lowest in two weeks on Thursday before bouncing slightly on Friday, but the metal still appears […]
Gold prices eased on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level, as per a report. Spot gold slipped 0.5 per cent to $3,326.51 an ounce as of 08:58 […]
ACCRA, April 14 (Reuters) – Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling. Africa’s leading gold producer is shifting away from a […]
The Ministry of Natural Resources wishes to address yet another outrageously deceptive publication by the Kaieteur News. In a piece headlined, “Oil spill will hit Guyana’s shores before capping stack arrives to plug leak,” devious reporting is taken to new heights. The April 6 article references the Hammerhead Environmental Impact Assessment (EIA), stating that an oil spill […]
After Donald Trump’s “liberation day” on Wednesday last week, BP lost almost a quarter of its market value in a share price rout even deeper than the oil giant endured in the wake of the Deepwater Horizon disaster. The collapse in global oil prices in the wake of the US president’s tariff blitz may have wiped billions […]
Despite President Trump’s exhortations to “drill, baby, drill,” U.S. shale oil producers are facing their most serious crisis since the pandemic, as the sudden oil price selloff triggered in part by President Trump’s trade war has pushed parts of the sector to the brink of failure, industry executives warned this week Oil markets have been hit with a […]
Guyana joined the globe in celebrating International Day of Forests on March 21, under the theme of “Forests and food.” The occasion spotlighted Guyana’s leadership in forest conservation and its commitment to protecting its critical asset – not just for national benefit, but for the globe. Covering more than 85% of the country’s landmass and […]
As Guyana’s energy industry advances, measures are being taken to mitigate the effects of energy-related emissions while also creating aesthetically pleasing communities. One such initiative is a US$3 million (GYD$600 million) national tree planting project that enhances the country’s already robust forestry management strategy. Guyana has been a global model in sustainable management, forest and […]