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...
2024 has been confirmed as the timeline for Suriname’s Block 58 Final Investment Decision (FID) signaling a potential start to offshore oil production in the South American country.
That timeline was confirmed to OilNOW by Managing Director of Staatsolie -...
The Ministry of Natural Resources has extended the deadline for bid submissions in the Guyana 2022 Offshore Licensing Round to September 12, 2023.
The government is working to pass into law, its Petroleum Activities Bill 2023, which will establish a...
Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic...
Having significant hydrocarbon reserves certainly will get energy companies’ attention, but holding the companies’ interest — and convincing them to continue investing billions of dollars in exploration and production activities — requires deliberate, strategic measures on the part of...
Vice President Dr. Bharrat Jagdeo said Thursday that companies interested in Guyana’s offshore licensing round will not be deterred by its postponement. He recently announced a one-month postponement to facilitate the update of Guyana’s outdated oil laws.
“We have enormous...
Exploration efforts in the Canje and Kaieteur Blocks offshore are continuing, according to ExxonMobil Guyana, which said that experts are diligently examining the post-drill results to gain deeper insights into the oil and gas potential outside of the Stabroek...
ExxonMobil Guyana said on Thursday that it supports the appeal made by the Environmental Protection Agency (EPA) of Guyana, of a High Court judgment requiring it to provide an ‘unlimited’ parent and/or affiliate guarantee. The undertaking would be tapped...
Mid-Atlantic Oil & Gas Inc., which has a 12.5% stake in the Canje deepwater block, has signaled its interest in Guyana’s ongoing licensing round.
Its co-founder and director, Edris Kamal Dookie, is quoted in the April 21 edition of Latin...
ExxonMobil Guyana is set to continue 3D/4D seismic survey operations at the offshore Stabroek Block, beginning April 20.
Guyana’s Maritime Administration (MARAD) said the exercise is set to conclude on December 31.
The survey will incorporate the use of five support...
Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...
