U.S. and European diplomats on Thursday declared Guyana's government in breach of the country's constitution until new elections are held and called on Guyanese President David Granger to "set an elections date immediately" or possibly face a cutoff of development funding.
Tullow Oil plans to
drill three or more oil exploration wells in Guyana next year,
Chief Executive Officer Paul McDade said on Monday after the
firm's second offshore oil discovery in the South American
Leaders from Brazil, Bolivia, Colombia, Ecuador, Guyana and Peru and Suriname have begun discussion of possible regional measures to protect the Amazon at a Friday summit, amid recent fires which burned thousands of square miles of the world's largest tropical forest.
Suriname's state-owned oil
company is planning a bond sale next year to finance offshore
oil exploration, its chief executive said on Thursday, as it
seeks to capitalize on growing hype over neighboring Guyana's
looming oil boom.
Tullow Oil PLC
said on Monday it has made a large oil discovery in Guyana,
sending its share price soaring on expectations that it will
develop a productive field in the South American country's
nascent oil industry.
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