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Forests: the key to Guyana’s low carbon development strategy

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Net zero by 2050, an ideal popularised most recently by the International Energy Agency’s (IEA) landmark report of the same name, is a vision for the world to collectively trap more carbon dioxide than it emits. This would be...
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Guyana withdraws first US$200 million from oil fund

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Guyana’s Senior Finance Minister Dr. Ashni Singh announced on Tuesday that the government has made its first drawdown from the Natural Resource Fund (NRF) in accordance with the Natural Resource Fund (NRF) Act 2021. Dr. Singh indicated that pursuant to...
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Indian refiners snapping up Liza crude, going after term deal with Brazil

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Refiners in India, the third largest importer of oil in the world, are continuing to look towards Guyana and its neighbour Brazil to secure agreements for the supply of crude. Since last year, Indian refiners have been snapping up maiden...
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OPEC+ oil production drops to six-month low as Russian output takes battering

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(S&P Global Platts) Crude oil production by OPEC and its partners fell to a six-month low of 41.58 million b/d in April as Russian production took a battering from Western sanctions, the latest Platts survey by S&P Global Commodity...
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Wei-1 chance of success doubled after updated results from Kawa-1 – CGX, Frontera

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CGX Energy’s discovery at the Kawa-1 well has ignited hopes of success in the Wei-1 well. CGX and its partner on the Corentyne Block, Frontera, said the detailed seismic and lithological analysis captured from the Kawa-1 find thus far hiked...
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Brazil, Guyana exploring Boa Vista-Georgetown Road corridor to boost trade, investment

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Following a state visit of the President of Brazil, Jair Bolsonaro to Guyana to meet with President Dr. Mohamed Irfaan Ali last Friday, the two agreed to explore the merits of a road corridor linking Boa Vista, the capital...
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Noble may divest five rigs to secure approvals for Maersk merger

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With a mid-2022 deadline eyed for the finalisation of the merger between Noble Corporation and Maersk Drilling, Noble may soon sell five of its rigs for the deal to go through. Providing an update on the merger, Maersk and Noble...
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Guyana signs air services agreement with world’s largest oil producer

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Aiming to be a major transport hub in the Latin America and Caribbean (LAC) region, Guyana has entered into an Air Services Agreement with the world’s largest oil producer, the Kingdom of Saudi Arabia. Guyana’s Minister of Public Works, Bishop Juan...
Exploration

CGX, Frontera announce discovery of light oil, gas condensate at ‘plugged and abandoned’ well

OilNOW -
Following their receipt of integrated results for the Kawa-1 well, Canadian joint venture partners, CGX Energy Inc. and Frontera Energy Corporation announced on Monday that the “finder well” successfully unlocked light oil and gas condensate at the Corentyne Block. Gabriel...
Exploration

Guyana holds over 10% of all conventional resource finds since 2015

OilNOW -
Guyana has made its mark in the global oil and gas industry with an estimated proven recoverable resource of nearly 11 billion oil-equivalent barrels in the ExxonMobil-operated Stabroek Block. “That figure accounts for more than 10% of all the conventional...
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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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