News

In compliance with the petroleum agreements it signed with the Government of Guyana as well as the nation’s laws, CGX Energy Inc. has submitted applications to relinquish 25 percent of its Demerara, Berbice and Corentyne Blocks. According to the company’s...

U.S. based Apache Corporation has selected its 5th exploration well offshore Suriname at the prolific Block 58 where it has already made three discoveries and is now moving forward with appraisal drilling. The company said on its Q3 2020...

(S&P Global) Pemex needs a complete overhaul that includes modifications to its business strategy and reforms to its governance and procurement as the state oil company puts a drag on the Mexico's growth, the International Monetary Fund said. Despite missing...

ExxonMobil Guyana announced Thursday via its facebook page that it will be conducting planned maintenance on equipment used for oil spill response operations over the duration of five days, beginning November 5. “This maintenance activity will involve deploying some offshore...

The curb in oil production offshore Guyana to reduce the volume of gas being flared has resulted in a push back in the timeline for the country’s 4th million-barrel crude lift. ExxonMobil, operator at the Stabroek Block, had taken a...

(Reuters) - Oil dropped on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election, but the Republicans look likely to retain Senate control, decreasing the chances of any huge COVID-19 relief...

(S&P Global Platts) Shell has farmed in to South African deepwater exploration blocks days after Total announced a second gas and condensate discovery nearby, as interest grows in a potential new gas condensate hub off the country's south coast,...

Rapid development of oil fields offshore Guyana will result in production increasing tenfold in the coming years, and along with Brazil, will see South America’s output surpassing volumes coming from North America by 2024. While several projects in Brazil and...

One of the state boards responsible for the approval of shorebase and waterfront developments, and other such facilities, has been warned that bureaucracy and red tape must not impede Guyana’s development, as the country is on track to experience...

Guyana’s Private Sector Commission (PSC) Chairman, Nicholas Deygoo-Boyer says the billions of dollars expected from oil production should be used to help develop infrastructure and unlock the power of human capital in the South American country. In a recent virtual...