Guyana Sets Rules for Oil Block Bids

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. […]

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