News

As its maiden licensing round gets underway, Guyana’s Vice President, Dr. Bharrat Jagdeo said the country could launch another as soon as next year to keep the momentum of its oil and gas development.  Dr. Jagdeo told Bloomberg on March...

Chariot Limited said it has completed front end engineering and design (FEED) of the key components of its flagship Anchois gas development offshore Morocco, after initiation in June 2022.  In conjunction with the subsurface development studies, this FEED work confirms...

Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners, which pegged March 6 as the resumption date for drilling operations at Wei-1 by CGX Energy.  After successfully drilling the first prospective geologic horizons in the Upper Maastrichtian, CGX put...

Though respectful of the public’s right to know how much oil companies are spending and recovering to cover their investments, there are some categories of information that just cannot be disclosed due to their proprietary nature, says Vice President...

QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. This is the third discovery made at the prospect. It said the Jonker-1X well was drilled to a total depth of...

Guyana’s Vice President Dr. Bharrat Jagdeo said a team of experts from India will be in the South American country in the coming months to strengthen the oil spill capabilities of the Environmental Protection Agency (EPA).  He said this would...

ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...

Guyana’s Natural Resource Fund (NRF) received a payment of US$82 million in February, representing revenue for the first lift of profit oil sold in the new year. The payment is recorded as GY$17,148,857,000 (approximately US$82,248,714). It is the first of...

Vice President, Dr. Bharrat Jagdeo has confirmed that the government’s auditors have completed their assessment of ExxonMobil Guyana’s US$7.3 billion investments in the Stabroek Block from 2018 to 2020. The official recently noted that the company has two months to...

Brazil’s Ministry of Mines and Energy froze the state-controlled Petrobras’ sale of assets as the new Lula administration looks to implement a new energy policy. Petrobras reported the suspension from the Ministry last 90 days, while a reassessment of the...