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Exploration

Canada-based exploration company targeting ‘multi-hundred million’ payloads at Guyana block   

OilNOW -
A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...
News

Frontera eats up more of CGX’s shares in Corentyne Block to offset increased costs for Wei-1 drilling 

OilNOW -
Frontera Energy Corporation will soon hold a 72.7% Participating Interest (PI) in Guyana’s Corentyne Block as per an amended Joint Operating Agreement (JOA) with CGX Energy, its partner.  The amendment, CGX announced on August 10, will effectively see Frontera farming...
News

Guyana lawmakers pass landmark Petroleum Bill in marathon session of Parliament 

OilNOW -
Following an intense seven-hour-long debate, Guyanese lawmakers on August 9 passed the Petroleum Activities Bill which replaces the country’s Petroleum (Exploration and Production) Act of 1986. Natural Resources Minister, Vickram Bharrat who introduced the Bill to the House, underscored...
News

Local Content App being developed to bring “Guyanese closer to oil and gas contractors, licencees”

Shikema Dey -
Guyana’s Local Content Secretariat (LCS) is looking to develop an app to connect Guyanese contractors and licencees, said Director Dr. Martin Pertab on August 10.  Pertab, speaking at the Ghana-Guyana Local Content Conference explained that accessing information on opportunities in...
News

Tullow walks away from South America’s hottest basin

OilNOW -
Tullow Oil Plc (Tullow) announced its decision to divest its complete stake in Tullow Guyana B.V. (TGBV) which encompasses the Orinduik licence in the South American country. The sale will be conducted with Eco Guyana Oil and Gas (Barbados)...
News

GY$5B secured to advance Gas-to-Energy project in Guyana 

OilNOW -
Approval was granted on August 9 to the Guyana government for the additional GY$5 billion in funding to advance its Gas-to-Energy project.  Guyana’s Finance Minister, Dr. Ashni explained to the House that the sum will be used mainly for the...
News

Noble projects Guyana-Suriname basin will need 6-7 ultra deepwater rigs through 2024

OilNOW -
The energy landscape of the Guyana-Suriname Basin is evolving at a rapid pace, with drilling activity set to intensify in the coming years. Noble Corporation projects the need for "6 to 7 ultra-deepwater (UDW) rigs through 2024, with potential...
Exploration

Repsol conducting post drill surveys at Beebei-1 well site

OilNOW -
Kanuku Block operator, Repsol, is conducting environmental surveys at the Beebei-1 well site, according to an August 4 notice by Guyana’s Maritime Administration (MARAD).  It said the exercise which commenced in early August, will conclude by the end of the...
News

Petrochemicals plant, oil exploration part of major agreements inked between Guyana and Dominican Republic

OilNOW -
The establishment of a petrochemical plant, a refinery, and joint oil development were major facets of new deals signed between the Presidents of Guyana and the Dominican Republic (DR) on August 8, signaling strengthened cooperation between the two countries.  A...
News

With renewed Local Content certification, Blue Water Shipping Guyana is focused on enhancing Guyanese capacity

OilNOW -
Enhancing Guyanese capacity remains at the forefront of Blue Water Shipping Guyana’s plans as the company received renewed approval for its Local Content Certification from the Local Content Secretariat. The green light for Blue Water's certification recognises the company's efforts...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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