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Suriname oil wells show excellent properties similar to Guyana, says GlobalData

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Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted...
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CGX Energy says it will spud Kawa-1 in August, well could cost up to US$85 million

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Two weeks after Guyana’s Maritime Administration (MARAD) published a notice stating that drilling operations is set to get underway at the Kawa-1 prospect in the Corentyne Block on July 2, Canadian oil explorer CGX Energy Inc. said on Monday...
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Indian Oil Company offered best deal for Liza crude – Bharrat

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Guyana’s most recent sale of 1 million barrels of Liza crude to Indian Oil Corporation Ltd. (IOC) is the country’s “sweetest deal to date” since it is poised to bring in as much as US$76M says Natural Resources Minister,...
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Guyana in search of investors for landmark gas to energy project

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The Guyana government is inviting Expressions of Interest (EOI) for joint participation with the administration and ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) in designing or utilizing the outputs from its Natural Gas Liquids (NGL) and Liquified...
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Cretaceous plays continue to dominate global hydrocarbon output

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Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested in the most profitable barrels when oil demand starts to decline later this decade, Rystad...
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Oil prices slip as new poll shows COVID-19 cases rising in 69 countries

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(Reuters) - Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent crude for September fell 73 cents, or 1%,...
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Natural Gas Liquids to be sold to 3rd parties when mega project comes on stream in 2024

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Natural Gas Liquids (NGL) from the US$900 million gas-to-energy project set to come on stream in Guyana by 2024 will be sold to third parties, ExxonMobil said last week, as public scoping meetings for the development that is expected...
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Experts say moving from heavy oil to gas consistent with planning for ‘environmentally sensitive future’

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Updated July 11, 2021 Guyana's pursuit of a Gas-to-Energy project in four years is anticipated to significantly reduce energy costs and would also be in keeping with the country's goal for a green economy. Experts say the transition to gas...
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Guyanese manufacturing company gets recertification for quality standards

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Guyanese manufacturing company, Demerara Distillers Ltd. (DDL) recently received their recertification for both the Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP) systems from SGS.  In a simple ceremony at DDL's Diamond head office, both...
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CNOOC aiming to start up operations in Q4 at UK’s highest-producing oil field

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(S&P Global Platts) China's CNOOC International confirmed July 8 it expects to start up production from the delayed Phase II expansion project at Buzzard, the UK's highest-producing oil field, in the fourth quarter 2021. In a statement, CNOOC said it...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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