Norway’s Rystad Energy sees Suriname’s first standalone gas project potentially materializing as early as 2031, at the Petronas-operated Block 52.
Aiding the Block 52 operator is the 10-year tax break it got from the South American nation in a recent...
Chief Executive Officer (CEO) at Eco (Atlantic) Oil & Gas, Gil Holzman said there are nine companies vying to farm into the Orinduik Block.
“We are planning to finalise this process hopefully in the next couple of months. Depends on...
ExxonMobil Guyana President, Alistair Routledge, said the company is writing off its Kaieteur Block expenses, having decided last year to withdraw from the license.
In addition to the Stabroek Block, the company operates the Canje block and, up until...
Guyana's Natural Resource Fund (NRF) received a substantial sum of US$1.6 billion in royalties and profit oil revenues for the year 2023, as reported by Senior Minister with responsibility for Finance and the Public Service, Dr. Ashni Singh. This...
ExxonMobil Guyana has recommenced exploration drilling operations at the Bluefin-1 well site within the Stabroek Block. This continuation of exploration activities was announced in a notice to mariners issued by Guyana's Maritime Administration Department (MARAD).
The Stena Drillmax has been...
Chevron’s recent takeover of Hess has major implications for Guyana’s oil industry and its blossoming economy, according to Americas Market Intelligence (AMI) Director of Energy Practice, Arthur Deakin.
For instance, Deakin foresees an uptick in the wells planned for...
Eco Atlantic Oil & Gas Ltd. has garnered approval from Guyana’s Minister of Natural Resources for its acquisition of a 60% interest in the Orinduik block from Tullow Oil. This development stems from an agreement made in August between...
CGX Energy and Frontera Energy are expected to report to the market soon about their plans for the Corentyne block offshore Guyana. Frontera’s earnings report for the third quarter is expected on November 9, and CGX’s usually falls in...
ExxonMobil was faced with a “drill or drop” decision regarding Guyana’s offshore Kaieteur Block, says President of the local affiliate, Alistair Routledge.
On September 28, Exxon indicated that it was leaving the block. Another partner in the block - Hess,...
High hopes exist in Guyana for oil production outside of the Stabroek Block.
This is evidenced by recent statements from the Minister of Natural Resources, Vickram Bharrat who said that the Corentyne Block could move to production in the next...
