While the Guyana government has not yet decided on whether it will exclude from its upcoming oil blocks auction, international oil companies (IOCs) that already have substantial interest in oil block(s) offshore Guyana, Vice President Dr. Bharrat Jagdeo said...
Guyana is undergoing a transformation that will in the next five years, make it unrecognisable. This transformation has been deemed the dawn of a modern Guyana, according to the South American nation’s Minister of Finance, Dr. Ashni Singh.
Billions in...
Trinuyana Investments Inc., which represents a consortium of Guyanese and Trinidadian investors, has signed a contract with China Habour Engineering Company (CHEC) Ltd. for the construction of a US$50M Marriott AC Hotel. The construction is slated to begin on...
The Uaru Development Project, for which ExxonMobil is currently seeking environmental authorisation from the Environmental Protection Agency (EPA) in Guyana, could create up to 1,540 jobs, preliminary estimates indicate.
The workforce levels are disaggregated across the life cycle of the project.
According to...
Miami Herald columnist, Andres Oppenheimer says that if President Joe Biden of the United States wants to lower gas prices there, he would be better off negotiating with Guyana, rather than Venezuela.
“President Biden recently sent a team of senior...
ExxonMobil Guyana says its budgets for operations in the South American country which include expenditure for approved projects and wells drilled are routinely reviewed by the natural resources ministry and that it employs robust systems to ensure Guyana gets...
Guyana, Suriname and the Caribbean region is currently seeing a slowdown in licensing activity for a number of reasons, including the effects of the COVID-19 pandemic on frontier exploration which has prompted international oil companies to focus primarily on...
CGX Energy Inc. said on Friday that well results so far from Kawa-1 are consistent with pre-drill expectations, signaling potential positive results from its first campaign offshore Guyana in over 9 years.
“The well results thus far are consistent with...
As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks.
In a recent interview...
CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct...
