Exploration

CGX raises US$35 million for new well on Corentyne Block, other activities in Guyana

CGX Energy Inc. and Frontera Energy Corporation announced on Friday that they have entered into a financing agreement for a US$35 million loan that will enable CGX to continue to finance part of its share of costs related to...

Exxon, EPA could have agreement in place by month end for US$2B environmental assurance

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday told reporters that in the very unlikely event a major accident such as an oil spill occurs at the offshore Stabroek Block, the consortium has the technical and...

Investment in technology delivering big results for Exxon in Guyana – Woods

The application of technology across a broad spectrum of its operations in Guyana has enabled ExxonMobil to deliver significant discoveries at an unprecedented rate since the company hit the first jackpot at Liza-1 just under seven years ago. This...

Exxon targeting hydrocarbons at multiple wells – Lukanani-1 to come under drill bit

In keeping with the Guyana government’s stated position of accelerating exploration and production activities offshore, ExxonMobil is forging ahead with its 2022 work plan, targeting multiple wells at the prolific Stabroek Block where it has already found more than...

Guyana working on gas strategy; Ghana to provide assistance – Vice President Jagdeo

The Guyana government appears ready to take more bold but cautious steps in the hydrocarbon arena as it is focusing some of its energy on creating a gas strategy with the assistance of its West African counterpart, Ghana. Confirming this...

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...

Guyana’s oil story not confined to deepwater, explorers looking inland – Bharrat

The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...

Kawa-1 elevates hope for shelf explorers in Guyana basin – Wood Mackenzie

The recent announcement by CGX Energy Inc. and Frontera Energy Corporation of a discovery at the Kawa-1 well in the Corentyne Block elevates hope for shelf explorers in the Guyana basin says leading UK consultancy group, Wood Mackenzie. In an...

Suriname lining up with Guyana to advance deepwater development this year

Suriname lies down-dip of the prolific reservoirs in neighbouring Guyana. The country has seen a gradual build-up of exploration activity since ExxonMobil’s first discovery across the border at Liza-1 in 2015. Majors such as Shell, ExxonMobil and TotalEnergies have farmed...

CGX delivers historic discovery after more than 2 decades on the hunt

After more than 20 years of seismic data acquisition and drilling, CGX Energy Inc. has finally landed its first oil discovery in Guyana at the Kawa-1 well on the Corentyne Block which appears to rival some of the notable...

Latest News

Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...