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Canadian oil explorer, CGX Energy Inc., has put its shareholders on notice that there is no guarantee its efforts to secure financing for a port facility in Guyana would be successful. Even if it is, the company warned that...

With Guyana poised to benefit from an astounding oil windfall from the ExxonMobil-operated Stabroek Block, the country finds itself well positioned on the pathway for a balanced budget by 2025, the Inter-American Development Bank (IDB) said in a recent...

With Guyana’s Petroleum Activities Bill 2023 now awaiting presidential assent to formally become the nation’s new oil law, regulators have set their eyes on conquering a new mission—the completion of a National Gas Strategy. This was recently confirmed by...

Petrobras has an ambitious investment plan totaling US$18 billion, slated for implementation until 2027. This strategy is focused on revitalising and expanding the renowned Campos Basin. The sizeable investment is earmarked for a multifaceted transformation, with a significant portion allocated...

The decision of Guyana regulators to apply a 10% royalty for future oil blocks was a just and studied one says Vice President, Dr. Bharrat Jagdeo. Had the government caved to the recommendations of the country’s political opposition to...

In a remarkable trajectory of transformation, Guyana has catapulted from relative inactivity to establishing itself as a world-class player in the energy sector in an impressively short span of time.  The journey, marked by bold exploration endeavors and strategic partnerships,...

Equinor has unveiled its latest discovery in the Troll/Fram region of the northern North Sea. This marks the ninth successful well out of 12 attempts in this area since 2019. The newly discovered reserves are estimated to contain between 9...

Vice President of Guyana, Dr. Bharrat Jagdeo said a facility being developed by CGX Energy in the South American country, styled by the company as the ‘Berbice Deep-Water Port’, “was never a deep-water port.”  “Deep-water port would be a port...

A final investment decision (FID) for Guyana’s Gas-to-Energy (GtE) project is imminent with the recent passage of its Petroleum Activities Bill 2023, said ExxonMobil’s Guyana President, Alistair Routledge.  He told Energy Intelligence in London recently “...while we have not formally...

ExxonMobil is moving to appraise the two discoveries it made earlier this year, Lancetfish-1 and Fangtooth SE-1. Guyana’s Maritime Administration Department announced the drilling activities in notices. The Stena Carron drillship will be utilised to drill Fangtooth SE-1 starting in...