Category: Business

Canadian companies discover oil in Guyana

183076 CGX Energy and Frontera Energy, two Canadian companies dedicated to the exploration of petroleum and gas, announced a new discovery of petroleum in the Wei-1 pozo, located in the Corentyne block, about 200 kilometers from the coast of Guyana,

Canadian investors worried about Mexican mining reforms

Reforms to Mexican mining legislation, particularly provisions granting the state exclusive powers over mineral exploration, are worrying Canadian investors. The new legislation, sent to the Executive Branch and awaiting publication in the Official Gazette, establishes that exploration activities are reserved