News

Apache Corporation remains highly enthusiastic about prospects offshore Suriname and the discoveries it has made to date at Block 58, labelling the last target where it hit pay – Kwaskwasi-1 – as the ‘best well’ encountered so far. Kwaskwasi-1, announced...

Even though it has identified a high-grade lead in the northern region of the Corentyne block, CGX Resources Inc. has not yet indicated when it will commence a drilling programme. In its quarterly highlights for the period ended June 30,...

(Reuters) - Oil prices rose more than 2% on Monday, with Brent futures topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from the worsening coronavirus...

Following his defeat of incumbent Donald Trump in the 2020 United States presidential election, many industry analysts have begun examining the consequences of a Joe Biden presidency on the US Energy sector. In its most recent analysis, global energy...

Investor interest in the South American country of Guyana, now an emerging regional oil producing powerhouse, is at an all-time high with the country’s oil minister saying meetings with government officials are being sought on an almost daily basis. “Almost...

The Guyana National Shipping Corporation (GNSC) is being urged by authorities to position its waterside commercial facilities to benefit from the growing business opportunities in the new oil producing nation. Speaking at the recent swearing in of the GNSC Board...

Sanctioning of the Payara Development offshore Guyana has been driving several contract awards and confirmations with companies in the oil and gas industry ranging from vessel construction to subsea installation. The US$9 billion project was approved by Guyanese authorities in...

Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the award of the Kaieteur and Canje blocks offshore the South American country was in keeping with the nation’s laws and that no evidence of corruption has been found to...

Authorities in Guyana are in the process of finalizing arrangements for Qatar Petroleum’s entry into offshore blocks in what is another major development in the South American country’s emerging oil and gas industry. Back in July 2019, Qatar Petroleum announced...

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...