CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct...
A potential new element in the changing face of geopolitics is emerging in the Southern Caribbean and this could present new opportunities for South America’s newest oil producing nation. So says Scott B. MacDonald, Chief Economist for Smith’s Research...
Following the release of a damning report by the United Nations' (UN) Intergovernmental Panel on Climate Change (IPCC) which is essentially another stark reminder for world economies to raise their climate ambition, Wood Mackenzie has stepped into the debate...
Seeking Alpha - Hurricane Ida Update
More than 90% of oil production in the Gulf of Mexico has shut down as Hurricane Ida plows toward the Louisiana coast, threatening an area that is home to 17% of U.S. oil production, 5%...
The Stena DrillMAX has begun drilling the Sapote-1 prospect at the Canje Block, JHI Associates Inc. said on Sunday.
The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap. The well is approximately 255 km northeast...
Rigs are on the hunt for commercial crude at three blocks offshore Guyana, all at the same time. Drill campaigns are underway at the Stabroek, Canje and Corentyne blocks in what is now the busiest period the offshore basin...
(S&P Global Platts) Oil and gas producers were racing Aug. 28 to shut in the vast majority of volumes in the US Gulf of Mexico as Hurricane Ida continued to whip through the region a day ahead of its...
Authorities in Guyana have begun looking at alternate uses for the excess gas from the US$900 million gas-to-energy project set to come on stream by 2024.
While energy generation from the landmark project is the government’s primary focus, Natural Resources...
Tanager-1, one of the deepest wells ever to be drilled offshore Guyana, is estimated to contain around 65.3 million barrels (MMBBL) of oil as part of a ‘best estimate’ provided in a report compiled by consultants Netherland, Sewell &...
(Reuters) - Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to hit early next...
