All 14 blocks on auction in Guyana’s ongoing licensing round have received expressions of interest, the government said in a statement Tuesday. Guyana’s Ministry of Natural Resources has published new model contracts to govern the three deepwater and 11...
As he maintained there will be no renegotiation of the Stabroek Block Production Sharing Agreement (PSA), Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that nine other offshore blocks will be subjected to new terms which include a 10%...
ExxonMobil Guyana President, Alistair Routledge defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday.
“We’ve made now over US$30 billion worth of investment to the country based on the contract...
After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023.
Hess President and Chief Operating Officer,...
CNOOC Petroleum Guyana Limited (CPGL) is preparing to tender for onshore catering services (Chinese cuisine) in support of its activities in Guyana.
In a notice, CGPL said the bidding process will be twofold: a pre-qualification round (RFI) and a proposal...
Prime Minister of Trinidad and Tobago, Dr. Keith Rowley, said the island nation may need to consider a “direct proposal arrangement” for the issuance of oil blocks licenses, to maximise extraction of its petroleum resources. He made the comment...
S&P Global expects the Amatuk prospect in the Orinduik Block to be the exploration target of Tullow Oil in 2023. The analyst firm named Amatuk in its high impact well (HIW) drilling outlook for 2023, alongside CGX’s Wei-1 well...
Guyana President Dr. Mohamed Irfaan Ali announced the opening of the country’s first competitive offshore bidding, early Friday morning, offering “25 billion potential barrels” to entrants.
The round will be open until April 14, 2023. Evaluations and negotiations will follow,...
ExxonMobil has moved to a new well offshore the South American country of Guyana, where it has found over 11 billion barrels of oil equivalent since 2015, spread across more than 30 prolific discoveries.
The new well is called Lancetfish-1,...
ExxonMobil Corporation is reportedly planning to wind down oil production in Equatorial Guinea and close shop after its licence expires in 2026. According to a Reuters report, Exxon has cut production in Equatorial Guinea to less than 15,000 barrels...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
