Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

CGX Energy examining results from bypass well

Oil explorer CGX Energy says it has reached a total depth of 20,450 feet on its Wei-1 bypass well in the  Corentyne Block, Corentyne  and will now undertake further examination of “encouraging” hydrocarbon deposits.

Finance Minister Dr Ashni Singh (left) and Executive Vice President of the European Commission Frans Timmermans signing the agreement at State House yesterday.

EU in $1b mangroves boost

A European Union (EU) agreement with Guyana for the advancement and expansion of mangroves will see the country receiving budgetary support to the tune of €4.6 million ($1.049b) for strengthening sea defences along the vulnerable coastline.

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