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Government wants CGX to carry out work commitments on Berbice, Demerara blocks

During the wave of excitement CGX Energy Inc. and its Canadian joint venture partner, Frontera Energy Corporation, created with respect to the Kawa-1 discovery on the Corentyne Block, the explorers indicated that they would be looking to focus their...

Guyana government perplexed over criticism it is working too fast

Guyana’s Attorney General (AG), Anil Nandlall said in an interview last week the government’s development agenda, which includes full support for the offshore oil and gas operations, will not slow down even though some sections of the society seem...

Guyanese women on the rise in oil and gas

By A. Bacchus - OilNOW  CAMSOL: Bringing business solutions to you with a personal touch On March 8, the world will observe International Women’s Day. It is a day that we acknowledge the gender inequalities and challenges facing women and...

CGX plugs, abandons Kawa-1 well; says that was its intention all along

When Canadian-based exploration company CGX Energy Inc. announced on January 31, 2022, that it had landed a discovery at the Kawa-1 well, industry stakeholders were excited. It was anticipated that Guyana was now closer to having another major production...

Oil surges closer to $120 – highest point in 9 years

(Reuters) - Oil surged on Friday, ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude. Crude prices posted their largest weekly gains since the middle...

CARICOM Heads renew support for Guyana in border controversy case with Venezuela

CARICOM Heads of Government recently received an update on the most recent developments in the controversy between the Cooperative Republic of Guyana and the Bolivarian Republic of Venezuela and were keen to renew their support for the former. They noted...

Over US$50 million more went into drilling CGX ‘game-changer’ well

CGX Energy and partner Frontera plugged just over US$50 million dollars more into the exploration campaign conducted at the Kawa-1 well on the Corentyne Block, than was initially estimated. The partners said on Wednesday that the final cost of...

CARICOM States must not let up on demanding climate action from G20 – UN Secretary General

The latest report of the Intergovernmental Panel on Climate Change (IPCC), one of the key organs of the United Nations, issues more alarming evidence that climate impacts are on course to reach catastrophic levels if crucial actions are not...

Exxon replants mangroves cleared for fibre optic cable, removes 1.4 tonnes of trash

ExxonMobil Guyana has replanted the mangrove vegetation cleared at the Ogle foreshore, East Coast Demerara for the landing of its fibre optic cable which will service its offshore facilities. The exercise was overseen by officials from the National Agricultural Research...

Attacks on Ukraine’s biggest nuclear plant push oil up

(S&P Global Platts) Crude oil futures traded higher in mid-morning Asian trade March 4, after Russia attacked Ukraine's largest nuclear plant in Zaporozhe, raising the risk for more sanctions against Russia. At 11:45 am Singapore time (0345 GMT), the May...

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Offshore worker safety should be seen as an investment, not a cost — MODEC

Offshore worker safety should be treated as an investment that delivers measurable returns rather than a cost. This is...