Guyana’s Vice President Bharrat Jagdeo announced new rules for upcoming oil block auctions. These rules focus on safety, data, and reducing carbon footprint. Jagdeo shared this in a press briefing. “Bidders need to use the latest tech to lessen environmental harm,” Jagdeo said. He also clarified that the Stabroek Block won’t follow these new guidelines. […]
Related Posts
Dasa, IMC, Brisanet Q1 Earnings Reveal Mixed Outcomes
In Q1 2024, Dasa (DASA3) reported a net loss of R$ 176 million ($34.17 million), marking a deterioration of R$ 8 million ($1.55 million) from Q1 2023. The company’s EBITDA stood at R$ 639 million ($124.07 million), reflecting a 4% increase from Q1 2023. However, the EBITDA margin dropped slightly by 0.3 percentage points, settling […]
Dollar Retreats Following Brazilian Central Bank Remarks
The U.S. dollar saw a downturn against the Brazilian real this Wednesday, marking an end to its five-day rally. The dollar’s drop, part of a global depreciation trend, was influenced by Brazil’s Central Bank President Roberto Campos Neto’s comments on potential market intervention. In Washington, Campos Neto addressed investor concerns about the dollar’s recent spike […]
Shenzhen’s changing fortunes: from “city of young migrants” to uncertain future
Shenzhen, the birthplace of China’s first special economic zone, just across the river from Hong Kong, is facing a potential shift in its fortunes. In 2022, the city experienced a population decline for the first time, attributed to the COVID-19 pandemic and changes in local government policies. The population decline is expected to alleviate issues […]