Stabroek Weekend

This Week-in-Review March 12th to March 18th

Procurement Gov’t insists e-governance contract is legal:  Insisting that the contract was legal but not addressing key issues and concerns surrounding the US$34 million e-governance deal, government last week launched an attack on civil society group, the Guyana Human Rights Association (GHRA).

Lucas stock index

Last Update: 1,702.197                            Movement: -2.601% Current Update: 1,657.925                      YTD Movement: 2.221% LUCAS STOCK INDEX (LSI) The Lucas Stock Index fell 2.601 percent during the second period of trading in March 2023 on the sale of 13,409 shares.

Looking backwards and going forward, retrospect and prospect

Introduction Last week’s column wrapped-up my effort to overcome the failure after seven consecutive years of weekly assessment of Guyana’s emerging oil and gas sector to devote even a single column each to Hess Corporation or CNOOC Nexen Petroleum Limited, which share a working interest of 30 percent and 25 percent respectively in the Exxon Mobil-led Consortium operating under the Stabroek Block’s PSA, the only crude oil producing exporting entity to date.

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