News

(S&P Global Platts) Any major easing of US oil sanctions against Venezuela remains off the table, but the country's Nov. 21 elections could provide a chance for relief around the edges like a restart to crude-for-diesel swaps. Candidates backed by...

Suriname is expected to follow Guyana with rapid development of its offshore oil fields. Norway independent energy research and business intelligence company Rystad Energy sees output from the South American country hitting the half million barrels per day mark...

(Reuters) - Oil prices rose on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus...

Westmount Energy Limited, the UK investment company that is focused on giving international investors exposure to prime blocks in the Guyana-Suriname Basin said it remains upbeat about the highly prospective Canje block despite explorers hitting a third non-commercial discovery...

Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall S.C on Tuesday met with the Ghanaian delegation to share expertise and critically analyze Guyana’s draft Local Content Bill. At the meeting which took place at the AG’s Chambers...

“For us, it is a question of survival,” Guyana’s President, Dr. Mohamed Irfaan Ali said, of small, climate-vulnerable countries, in his address to the 26th Conference of Parties (COP26) on Climate Change in Glasgow, Scotland on Tuesday morning. The Head...

CGX Energy Inc. completed its rights offering on October 28, raising around US$59 million in support of its operations in Guyana where it is currently pursuing multiple projects, including a major exploration campaign on the Corentyne Block. “CGX intends to use...

(S&P Global Platts) Saudi Arabia's 2060 net-zero emission target may be derailed by "unforeseen circumstances" because achieving the target depends on a number of factors, including evolution of technology, the country's energy minister said Nov. 3. "Depending on what happens,...

Early next year, the Guyana government intends to establish its first National Training Institute that will focus on increasing the nation’s local content footprint in the oil sector. Noting this recently was Vice President, Dr. Bharrat Jagdeo. The former...

Though there exists an “implicit” understanding that ExxonMobil Corporation would cover the shortfall of expenditure associated with any environmental damage its affiliate Esso Exploration and Production Guyana Limited (EEPGL) cannot handle for the respective Stabroek Block operations, the Guyana...