Guyana has not yet scratched the surface when it comes to output at its vast offshore oilfields now under development by U.S. oil major ExxonMobil. In fact, of the more than 10 billion barrels of oil equivalent discovered so...
The recent announcement by CGX Energy Inc. and Frontera Energy Corporation of a discovery at the Kawa-1 well in the Corentyne Block elevates hope for shelf explorers in the Guyana basin says leading UK consultancy group, Wood Mackenzie.
In an...
Guyana’s energy sector for 2022 will be characterized by two significant developments. Within weeks the second phase of oil production will start at the Liza Phase 2 Development with a production ramp up of approximately 220,000 barrels of oil...
Suriname lies down-dip of the prolific reservoirs in neighbouring Guyana. The country has seen a gradual build-up of exploration activity since ExxonMobil’s first discovery across the border at Liza-1 in 2015.
Majors such as Shell, ExxonMobil and TotalEnergies have farmed...
By A. Bacchus
In early 2018, I was fortunate enough to attend the first oil and gas conference and exhibition that was held in Guyana. At that point in time, ExxonMobil had made about six viable discoveries, and it was...
Guyana’s Minister of Natural Resources, Vickram Bharrat recently told OilNOW that his ministry welcomes the positive announcement at the Kawa-1 well which was made by CGX Energy Inc. and Frontera Energy Corporation in the Corentyne Block. He was keen...
ExxonMobil Corporation which is leading operations in Guyana’s Stabroek Block recently disclosed during its 2021 fourth quarter earnings call that it expects to meet its 2025 emission-reduction plans four years ahead of schedule.
The company said this includes a 15-20%...
The Government of Guyana intends to pass on direct instructions for local companies to submit their bids for oil contracts net of taxes so that they can have a competitive advantage against foreign suppliers. This is according to Vice...
Should CGX Energy Inc. and its partner, Frontera Energy Corporation move to produce its Kawa-1 discovery in the Corentyne Block, Vice President Dr. Bharrat Jagdeo has assured that better fiscal terms will be secured in its Production Sharing Agreement...
The Liza Unity Floating Production Storage and Offloading (FPSO) vessel is undergoing final hook-up and commissioning at the ExxonMobil-operated Stabroek Block offshore Guyana in preparation for the start of oil production at the Liza Phase 2 Development.
“Unity is on...
