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Exploration

Demobilization activities underway at CGX Kawa well

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Guyana’s Maritime Administration Department said in a notice dated December 24 that CGX Energy is moving forward with demobilization of exploration drilling operations at the Corentyne Block where it is hoping to hit pay at the Kawa-1 prospect. The demobilization...
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Local content targets can be adjusted if we overestimate or shortchange ourselves – Nandlall

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Guyana’s Local Content Bill 2021 proposes a schedule of 40 categories of work which include minimum targets to be achieved by oil companies and their subcontractors. In the event it is observed that the targets overestimate or shortchange participating...
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Emissions from oil industry in Middle East set to climb for years

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(S&P Global Platts) The Middle East will have a hard time meeting targets because economies are heavily reliant on industry and refining, which are difficult to decarbonize while fuel subsidies encourage consumption, according to Dan Klein, head of future...
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Guyana & Suriname will be producers for 100 years- former Staatsolie CEO

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Guyana and Suriname have emerged as the two most exciting oil-producing provinces of the Latin America and Caribbean region. But with renewed calls for a quick transition to renewables given the troubling impacts of climate change over the last...
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Local Content Bill closes loopholes for favouritism, monopolies – Guyana Attorney General

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In an effort to ensure there is a level playing field for all companies participating in the trillion-dollar oil sector, Guyana’s Local Content Bill 2021, proposes several mechanisms to banish opportunities for favouritism and the creation of monopolies. This...
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‘Faith, trust and hope must ignite Guyana into the future’, Ali says in Christmas message

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Guyana’s President, Dr. Mohamed Irfaan Ali, says despite global challenges Guyana will continue to rise and it is the combination of faith, trust and hope that will propel the South American country towards prosperity in the coming years. “Each of...
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IMF greenlights $688 million for Suriname

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The International Monetary Fund on Wednesday approved a program to rebuild Suriname’s foreign reserves, which will disburse $688 million over a three-year period, $55 million of which will be distributed immediately, Reuters reported. The program seeks to bring down public...
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Better interest rates from banking sector, building ‘One Guyana’ on Ali’s radar

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Focus on how the banking sector in Guyana can play a bigger role in national development and how every Guyanese can benefit from the economic explosion in the new oil producing South American country are on the radar of...
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Safe operations, multiple discoveries and big local spend mark outstanding year in Guyana for Exxon

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President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to “Nobody Gets Hurt”. Recalling the safety performance for the year, he disclosed that there were hundreds of...
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Exxon’s Chairman to attend February 2022 energy conference in Guyana

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Chairman and Chief Executive Officer of ExxonMobil, Darren Woods, will attend the International Energy Conference and Expo Guyana 2022, slated for February 15 to 18 at the Guyana Marriott Hotel Georgetown. Guyana’s President Dr. Irfaan Ali will deliver the Keynote...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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