July 30, 2021

Guyana government to challenge no-confidence vote in court

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By Neil Marks From Reuters GEORGETOWN (Reuters) – Guyana’s government will challenge in court a parliamentary no-confidence vote that toppled President David Granger’s ruling coalition amid a dispute over developing the country’s nascent oil industry, the country’s attorney general said on Thursday. The Dec. 21 vote triggered new elections within 90 days, after one lawmaker […]

Exxon Mobil suffers $1.4 billion shortfall, as shareholders punishes oil giant

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By Dennis Adonis From Guyana Guardian New York – (Guyana Guardian) – ExxonMobil, the American oil giant that has promised good fortunes on its oil exploration investments in Guyana, saw its global investment projections plunged by as much as 4.1 per cent at trading in New York, while registering a massive US$1.4 billion shortfall that […]

Border dispute worsens

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By Bert Wilkinson from Caribbean Life Ever since U.S. oil giant Exxon Mobil reported a huge oil and gas find off Venezuela in early May, authorities in neighboring Venezuela have turned up the pressure on neighboring Guyana, laying claim to the concession area, ordering the company to quit work and telling other global firms not […]