News

Chevron Corp. has been given the green light by the Biden-led United States (US) administration to restart oil production in Venezuela, after an almost three-year ban on all drilling operations there. Chevron got a six-month license, permitting it to produce...

A new vessel – the largest to date – arrived in Guyana this week to undertake dredging activities for a landmark port facility being set up to service the growing oil production operations offshore the South American country. NRG Holdings...

Partnerships between Guyanese businesses and their Canadian counterparts are on the increase. So, discussions have commenced for these trade relations to deepen with direct flights and visa-free travel for Guyanese. This was confirmed by Canadian High Commissioner to Guyana, Mark Berman. During an event to...

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...