Guyana’s shadow oil minister, David Patterson, has complained that the application of Guyana’s new fiscal terms to offshore contracts, among other things, has created an uneven playing field. This issue, Patterson pointed out during an October 6 press conference,...
TotalEnergies EP Angola Block 20 has finalised the sale of a stake in a valuable Angola block to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.
Petronas has paid US$400 million for a 40%...
ExxonMobil Guyana has indicated that it is withdrawing from the Kaieteur Block. Additionally, Ratio Petroleum Energy Limited has informed the market that Hess is also withdrawing from the block.
“ExxonMobil Guyana has exited the Kaieteur block offshore Guyana, with participating...
ExxonMobil Guyana has submitted to the Environmental Protection Agency (EPA), the Cumulative Impact Assessment (CIA) and Environmental Impact Statement (EIS) for its 12-well exploration and appraisal drilling campaign in the Canje Block.
A public notice outlined that “In accordance with...
With less than two weeks left for companies to participate, anticipation remains high on the outcome of Guyana's first bid round. At stake is a potential 25 billion barrels of oil equivalent up for grabs. It is clear that...
Kanuku block operator, Repsol, has applied for a new exploration license for the acreage. Guyana's Vice President Dr. Bharrat Jagdeo confirmed this in a comment to OilNOW on Thursday. He said the government has to consider it.
Repsol appears...
The Guyana Government clarified on Tuesday that an extension for exploration on three blocks operated by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), was actually granted by its predecessor, and must therefore be honoured.
The government's statement follows...
With the Block 58 discoveries offshore Suriname seeming promising, APA Corp. is mulling the installation of a floating liquefied natural gas (FLNG) terminal in the basin.
As reported by Bloomberg, APA’s Vice President Gary Clark told investors at the Enercom...
A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...
Frontera Energy Corporation will soon hold a 72.7% Participating Interest (PI) in Guyana’s Corentyne Block as per an amended Joint Operating Agreement (JOA) with CGX Energy, its partner.
The amendment, CGX announced on August 10, will effectively see Frontera farming...
