News

In narrowing their focus on the northern section of the Corentyne Block, the co-venturers have completed a farm-in agreement that increased Frontera Energy’s stake to 68% and decreased CGX Energy’s stake to 32%. CGX announced the completion last Wednesday. The farm-in...

GO NDE Inc. has teamed up with Global Compliance Service Inc. to grant 24 Guyanese nationals an opportunity to fast-track their introduction to the oil and gas industry through its newly developed “Learn & Earn” Training program. GO NDE said...

The Georgetown Chamber of Commerce and Industry (GCCI), a key advocate for the business community in Guyana, has complained in recent weeks of foreign currency shortage. This, it said makes conducting trade costlier. But Guyana’s Central Bank as well...

As he maintained there will be no renegotiation of the Stabroek Block Production Sharing Agreement (PSA), Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that nine other offshore blocks will be subjected to new terms which include a 10%...

Despite the uncertainty surrounding a final investment decision (FID) for Suriname’s Block 58, the President and Chief Executive Officer (CEO) of partner APA Corporation, John Christmann expressed confidence in the Sapakara prospect. In fact, Christmann told investors that it would...

Director of the Vreed-en-Hoop Shore Base Inc. (VEHSI), Nicholas Deygoo-Boyer said the company is in talks with potential new clients to expand the acreage of the new artificial island in the Demerara River. “ got clients who are interested in...

Guyana and India are on the brink of inking a trailblazing Memorandum of Understanding (MoU) on the energy sector. The document which is currently being reviewed by India’s Cabinet could allow for the purchase of Stabroek Block crude, capacity...

Construction on a new multi-purpose facility kicked off Friday at Palmyra, Berbice with a GY$3.7 billion (approximately US$17.7 million) contribution from the Greater Guyana Initiative (GGI), funded by the Stabroek Block partners. The facility is being built by Caribbean Green...

In response to a stern show of disappointment from the Georgetown Chamber of Commerce and Industry (GCCI) on its handling of a supposed shortage of US currency in the country, the Bank of Guyana (BoG) noted that the business...

The first round of drilling at CGX Energy’s Wei-1 prospect in the Corentyne Block has yielded positive results. Drilling commenced at Wei-1 late January with the Noble Discoverer. In an update on March 2, CGX reported that the first prospective geologic...