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Oil & Gas
CGX starts drilling Wei-1 well offshore Guyana
(Offshore Magazine)— CGX Energy Inc. and Frontera Energy Corp., joint venture (JV) partners in the petroleum prospecting license for the Corentyne Block offshore Guyana, have spud the Wei-1 well.
The JV also announces that the government…
‘Let’s move together’- Trinidad eyes natural gas from Guyana, other Caribbean nations
By Vishani Ragobeer
Vishani@newsroom.gy
A new partnership among Trinidad and Tobago (T&T), Guyana and the other gas-producing nations in the southern Caribbean region could help meet the region’s energy needs, the Twin Island’s…
‘No big scientific analysis needed’ – President Ali says long future for oil & natural…
By Vishani Ragobeer
Vishani@newsroom.gy
Guyana’s President Dr. Irfaan Ali has contended that oil and natural gas, both non-renewable sources of energy, will be used for a much longer time in the Caribbean as the region seeks to meet…
Gov’t gets nine proposals for Berbice oil refinery
Finance Minister Dr. Ashni Singh announced on Monday that nine proposals were submitted to the government for the design, financing and construction of a local oil refinery at Crab Island, Region Six (East Berbice- Corentyne).
This…
India to send Guyana proposal for long term purchase of oil
India has long been interested in a long term agreement for the supply of Guyana’s oil and President Dr. Irfaan Ali on Tuesday announced that the South-Asian country is expected to send a proposal on this soon.
“This is nothing new,…
Indian, European oil firms evaluating bids for Guyana blocks
(Reuters) Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the…
BUDGET 2023: With focus on cheaper electricity, $43.3B for works at gas-to-energy project
The Wales Gas-to-Energy project, touted as one of Guyana’s most transformational projects, will advance as the government budgeted $43.4 billion to facilitate construction of power plant and associated facilities there.
This was…
BUDGET 2023: Guyana earned over US$1B from 13 of 102 oil lifts last year
Finance Minister Dr. Ashni Singh says oil ships operating offshore Guyana produced 102 lifts of one million barrels of crude oil and of that number, the government got 13 lifts.
During his presentation of the 2023 National Budget, the…
CNOOC Petroleum Guyana starts Medical Assistance Fund with Chinese Medical Brigade
CNOOC Petroleum Guyana Limited (CPGL) has started a medical assistance fund with a donation of GYD $2,000,000 on Friday to assist patients with medical care.
Persons who are unable to afford the cost of medicine and medical tests would…
Exxon seeking approval for sixth project in prolific Stabroek Block
Esso Exploration and Production Guyana Limited (EEPGL), ExxonMobil’s local subsidiary, is seeking approval from Guyana’s Environmental Protection Agency (EPA) for the development of its sixth oil project in the offshore Stabroek Block: the…