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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in October as the Canadian company and its partner Frontera Energy seek to reverse the cancellation of the Corentyne Block license. The...

The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery. We began our review with the critical requirements for a Petroleum Production Licence (PPL) – the Application and the accompanying...

Guyana journalists explore the geopolitics of energy, climate change in pivotal three-day workshop

A three-day workshop on the Geopolitics of Energy and Climate Change in Latin America concluded on Sunday at Cara Lodge in Georgetown, drawing participation from local journalists and communications students from the University of Guyana. The event, which took place...

How Suriname compares to Guyana: Lessons from a neighbor’s oil journey

PARAMARIBO, SURINAME - Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana...

What should Guyana make of Maduro’s renewed partnership with Russia?

  Venezuela’s Nicolas Maduro and Russian President Vladimir Putin have publicly reaffirmed support for their nations with a strategic partnership agreement.  As reported by Reuters, Russia and Venezuela agreed to deepen cooperation in energy, including joint initiatives within OPEC+, the Gas...

SPE International President: Guyana oil boom offers two-way learning opportunity

Terry Palisch, President of the Society of Petroleum Engineers (SPE) International, concluded his first visit to Guyana this week, signaling the country’s expanding relevance in global energy discussions and the transfer of technical expertise. Palisch, who also serves as Chief...

Now that Dragon’s ‘dead’, TT eyes other sources to fill gas gap 

Countries like Guyana, Grenada and Suriname are on Trinidad and Tobago’s radar to fill the gap after the Trump administration killed its Dragon gas deal with Venezuela.  Newly installed Prime Minister, Kalama Persad declared the deal “dead” fresh off swearing...

The PAA Series: Management Themes (Part 3)

In Management Themes (Part 2), we saw that access to Guyana’s petroleum resources is primarily done through the conduct and regulation of petroleum operations. We also saw that petroleum operations, as defined in the PAA, cover a wide range...

Guyana gov’t working with U.S. firm on port that will support second gas project

International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This is according to President of the South American country, Dr. Mohamed Irfaan Ali.  The facility is...

Hess maintains potential for up to 10 FPSOs offshore Guyana

Hess Corporation said in its 2024 annual report that potential remains for up to 10 floating, production, storage and offloading vessels (FPSOs) offshore Guyana, as operator ExxonMobil progresses with a multi-phased development plan in the South American nation. To date,...

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Chevron, Shell set to sign deals with PDVSA for Loran gas field, Orinoco oil projects in Venezuela

Chevron and Shell are expected to sign agreements with Venezuela’s oil ministry and state-owned Petróleos de Venezuela, S.A. (PDVSA)...