News

The Government of Guyana through the Ministry of Natural Resources has allocated and approved the sum of GY$20 million (US$100,000) to kick start the establishment of a Local Content Secretariat. This was announced by Minister of Natural Resources, Vickram...

The year started with two more discoveries at Stabroek Block by ExxonMobil and a significant announcement by CGX Energy at its Kawa-1 well on the Corentyne Block, marking a potential major discovery outside of the prolific Stabroek license. Following...

(S&P Global Platts) Brazil's natural gas industry received a significant push forward with approval of the country's New Gas Market, but it faces a critical year in 2022 to consolidate implementation of the regulatory regime and create the foundation...

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...

With the second-lowest bid totalling US$423,360, Bayphase Ltd. which is headquartered in the United Kingdom has successfully beaten more than 10 companies for the contract to review the Field Development Plan (FDP) for ExxonMobil's fourth project in Guyana, Yellowtail. This...

Over the next four days, a nine-member British Trade Mission Delegation will be in Guyana scouting opportunities for investment in the country’s lucrative market. The British High Commission in a statement on Monday said that the potential investors are set...

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...

Prime Minister of Barbados and recipient of the 2021 Champions of the Earth Award Mia Mottley is expected to be one of the most highly anticipated speakers headlining the International Energy Conference and Expo-2022 which will be held from...

(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased all grades for its main market of Asia in March. The company...

Development works on Silica City – a vibrant, sustainable, resilient and modern city conceptualized in 2013 – is advancing with consultations ongoing with utility companies to coordinate the development of their infrastructure. Sharing this news is Guyana’s Minister of...