News

ExxonMobil Guyana is now seeking technical and commercial information from local companies that can provide several insurance policies for the Yellowtail and Gas-to-Energy (GTE) projects. This was noted in a Request for Information (RFI) published on Monday, November 28, 2022. Exxon...

As works progress on the Berbice Deepwater Port, CGX Energy Inc. has commenced in-river construction activity on a 50 x 12-metre access trestle from the quayside yard westward into the Berbice river, together with the necessary dredging of the...

Guyana’s National Procurement and Tender Administration Board (NPTAB) revealed that an Engineering, Procurement and Construction (EPC) contract for the 1.5MW Kumu and 0.7MW Moco Moco hydropower plants, was awarded to Vidullanka PLC (Sri Lanka). The company said it will execute these works for US$12,850,000. Incorporated in 1997, Vidullanka...

APA Corporation, a 50% stakeholder in the offshore Block 58, provided updates on operations, Monday. The most recent exploration well drilled by operator, TotalEnergies, is non-commercial. Titled Awari, the well is situated in the previously untested northwest portion of Block...

CGX Energy Inc’s Wei-1 prospect is expected to be drilled no later than January 31, 2023 the company said in an update on Monday. Barring delays, the new timeline has been accepted by the Guyana government and CGX outlined its...

ExxonMobil is expected to spend the next year and a half looking for the most optimal oil-rich reservoirs trapped some 18,000 feet deep in the Stabroek Block. This was recently revealed by co-venturer on the concession, Hess Corporation. Specifically, the...

Efforts by authorities in Guyana to establish a consortium of caterers for three of the nation’s floating production, storage and offloading (FPSO) vessels operating at the Stabroek Block could see between US$25 million and US$30 million being earned by...

Before Guyana’s Stabroek Block hits the one million barrel per day (bpd) production mark in the next few years, the government is embarking on a massive education exercise for its people. This is to ensure citizens are equipped with...

Guyana’s Environmental Protection Agency (EPA) on Friday approved the landmark Gas-to-Energy project, based on an environmental impact assessment (EIA) submitted by ExxonMobil Guyana. “The Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment related to...

Hess Corporation’s Chief Executive Officer (CEO), John Hess, said the market can look forward to a “major upgrade” to Guyana's Stabroek Block resource base which stands at 11 billion barrels of oil equivalent resources. During his recent participation at the...