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Exploration

Yet another delay for spudding of CGX’s highly anticipated Wei-1 well

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Owing to another delay, this time at no fault of its own, CGX Energy has revised the spud window for its Wei-1 prospect in the Corentyne Block to between December 2022 and late January 2023. In its operational update on...
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Local content earnings top GY$129 billion, over 350 certificates issued to suppliers

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Guyana’s Local Content Secretariat said Tuesday that it has granted Local Content certificates to 354 Guyanese suppliers, listed on its website. The coveted certification allows those suppliers to be treated with legally mandated preference by international oil companies (IOCs) and...
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Guyana’s oil gives it competitive edge over Trinidad and Tobago, Suriname – AMI analyst

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Stacked against each other, international investors will tell you that they favour Guyana’s oil prospects over Suriname’s, and even those of legacy producer, Trinidad and Tobago, says energy analyst, Arthur Deakin. The Director for Americas Market Intelligence (AMI) Energy Practice made this statement as part...
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Hess’ pumps US$701M into Guyana, other assets in Q3; returns US$265M to stockholders

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Hess Corporation says its exploration and production expenditure hit US$701 million in the third quarter of 2022 compared with US$498 million in the prior-year quarter. This was primarily due to higher drilling and development activities in the Bakken, the Malaysia-Thailand...
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Muneshwers’ Limited in US$4 million deal with IDB for Guyana’s first mobile crane

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Towards the modernisation of its massive wharf facility in Guyana, Muneshwers’ Limited – a household name in the South American nation – has inked a US$4 million deal with the Inter-American Development Bank (IDB) to procure the country’s first...
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Exxon awards contract to MODEC for fifth Guyana FPSO

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Global supplier and operator of offshore floating platforms, Mitsui Ocean Development & Engineering Company Inc. (MODEC) announced on Tuesday that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and...
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Trinidad’s National Gas Company cops Gold Standard status for methane reporting

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The National Gas Company (NGC) of Trinidad and Tobago Limited (NGC) has disclosed its recent achievement of the Gold Standard status of reporting under the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0). This status is attained by companies...
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Guyana in talks with India on energy security, training of petroleum engineers

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Guyana on Monday held talks with India on issues ranging from areas of collaboration in energy security to the possibility of Indian companies extending training to Guyanese engineers in upstream and downstream oil and gas industries. Minister of Natural Resources,...
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Upcoming UK trade mission to Guyana to feature construction, tech & other companies

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A trade mission is scheduled to arrive in Guyana from the United Kingdom (UK) this month. The mission will be the second of its kind for the year, registering interest in capitalising on Guyana’s growth trajectory. This is according to Sherwyn Naughton, the Country Director...
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Former Head of Guyana’s CDC appointed to lead Caribbean Disaster Management Agency

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Lieutenant Colonel Kester Craig has been appointed Deputy Executive Director of the Caribbean Disaster Emergency Management Agency (CDEMA). The Chair of the Management Committee of the CDEMA Council, Ambassador Elma Gene Isaac of Saint Lucia, announced Monday that the appointment...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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