CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned...
ExxonMobil’s 10th offshore discovery should not be seen as “just another announcement,” according to Director of the Government’s Energy Department in Guyana, Dr. Mark Bynoe.
The US oil giant on Monday announced its latest discovery at the Pluma-1 well –bringing...
US oil major ExxonMobil has made yet another discovery off the Guyana coast at the Pluma well making it a record 10 finds so far since the world class Liza discovery announced in May 2015.
Director of Guyana’s Department of...
Eco (Atlantic) Oil & Gas Ltd which has licenses in highly prospective regions offshore Guyana and Namibia, announced on Thursday the completion of its Farm-Out Agreement with Total Petroleum's subsidiary Total E&P Activités Pétrolières on Eco's Orinduik block, offshore...
Guyana’s Finance Minister, Winston Jordan, announced on Monday that 38.5 billion Guyana dollars – around US$183M – has been earmarked for major infrastructure development works in the South American country ahead of first oil in 2020.
Mr. Jordan said this...
US oil major ExxonMobil is rapidly developing vast oil reserves discovered off the Guyana coast in what analysts say are ideal conditions for a solid return on investment that will result in massive revenue for the company and its...
Guyana’s Foreign Affairs Minister Carl Greenidge has described as significant, the decision taken by the United States of America to stand behind Guyana on the controversy with neighbouring Venezuela.
At a farewell reception for US Ambassador Perry Holloway on Friday...
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron.
This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada.
Richard Alabaster, President of TechnipFMC’s Surface Technologies business, said,...
US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster than anything ever achieved in the industry with potential to exceed 1 million barrels per...
As the South American country of Guyana prepares to join the league of petroleum producing nations, American multinational investment bank, Goldman Sachs, says an oil shortage is coming over the next decade because firms cannot fully invest in future...
Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...
