News
Latest News impacting the Oil and Gas Industry in Guyana
- 12-Aug-2020
Payara contract to be reviewed by two sets of cons…
-Natural resources minister says decision will only be made once Gov’t is satisfied By Navendra Seoraj (Guyana Chronicle) In a bid to ensure that Guyana gets the best deal for its oil wealth…
- 11-Aug-2020
Canje Block’s Bulletwood-1 is a ‘Liza look alike’…
(Oilnow) At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique among offshore Guyana blocks in that it…
- 09-Aug-2020
Stena Carron set to arrive at Tanager-1 today as s…
The hunt for more hydrocarbons continues offshore Guyana, this time outside of the prolific Stabroek Block, as ExxonMobil prepares to conduct a new drill campaign in the 3.3 million acres ultra-…
- 09-Aug-2020
‘Every cent of oil money must be accounted for’ –…
(OilNow) President of Guyana Dr Mohamed Irfaan Ali says his government will ensure transparency and accountability in the oil and gas sector, citing the phenomenal growth projections of the…
- 07-Aug-2020
‘Multiple high potential leads’ identified on Core…
CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic…
- 07-Aug-2020
Guyana set to benefit from US$50 billion in projec…
US oil major ExxonMobil is projected to expend around US$50 billion in project sanctioning over the next 10 years for its offshore development activities in Guyana, according to Norway-based…
- 05-Aug-2020
Oil tanker SKS SPEY will lift Guyana’s 3rd million…
(OilNow) Norwegian flag-carrier SKS SPEY will lift the third million-barrel oil cargo for Guyana this weekend. OilNOW understands the vessel is in a waiting area ahead of lifting the crude from…
- 31-Jul-2020
Guyana rakes in US$3.6M in royalty
…in second payment for oil and gas GUYANA has received its second payment of oil and gas royalties from gross production at a total of US$3,698,152.63. The sum joins the country’s first…
- 31-Jul-2020
Stabroek block’s fiscal terms in line with other…
Oil and gas industry analyst Wood Mackenzie in its recent report stated that compared to other countries with similar circumstances, Guyana’s Stabroek Block fiscal terms ranks well. The…