Tue, Jun 30, 2026
Tue, Jun 30, 2026
Oil & Gas
Suriname eyes massive gas export market, large projects with Guyana’s helpBy Vishani Ragobeer [email protected] Suriname is hoping to harness its oil and gas resources to fuel its long term development…
Gov’t may execute both natural gas & power plants at Wales – Exxon officialThe Government of Guyana is in discussion with ExxonMobil’s local affiliate on potentially executing and operating both the natural gas…
Exxon plans to build new offloading facility, road on west bank of Demerara RiverBy Vishani Ragobeer [email protected] A new offloading facility and heavy haul road are among the supporting infrastructure ExxonMobil expects to…
Investments in Guyana’s oil could top US$60B this decadeGuyana has become an oil exploration hotspot with several commercial oil finds over the past few years and it is…
Gov’t makes first withdrawal from oil fundThe Government of Guyana has withdrawn US$200 million (or GY $41.7 billion) from the country’s Natural Resource Fund (NRF). This…
No drilling in Demerara Block this year; focus solely on Corentyne area - CGXThe joint venture comprising CGX Energy and Frontera Energy, which has been searching for oil offshore Guyana, has no plans…
More oil finds possible as Canadian companies eye new exploration areaBy Vishani Ragobeer [email protected] Canadian companies CGX Energy and Frontera have said that the results from the Kawa-1 well, drilled…
US$1.6M pumped into Berbice Deep water port this yearOver the first three months of this year, CGX Energy invested some US $1.6 million (or GY $334.8 million) to…
With possibility of more gas discoveries, gov’t mulls second pipelineAs local authorities move ahead with plans to develop a 135-mile pipeline that would bring natural gas onshore to fire…
Cost of producing oil in Guyana is lowest in the world - Foreign SecretaryForeign Secretary Robert Persaud says that the cost of producing oil in Guyana is the lowest in the world and…
Exxon expects more money with ramped up production in Guyana, Permian basinExxonMobil on Friday reported that its profits in the first quarter of this year doubled when compared to the same…
GY$150B in Guyana’s oil fundSince March 2020, Guyana has accumulated more than US $719 million, or about GY $150 billion in the Natural Resource…
More Guyanese needed for leadership positions, not just cleaners/handymen - Foreign SecretaryPreliminary assessments suggest that Guyana may need about an additional 100,000 skilled workers and the country’s Foreign Secretary Robert Persaud…
UK eyes Guyana’s oil supply in wake of Ukraine/ Russia falloutBy Vishani Ragobeer [email protected] President Dr. Irfaan Ali met with the Prime of the United Kingdom (UK) Boris Johnson on…
Hess expects another 23 lifts of one-million barrels of oil from Guyana this yearWith two oil ships operating in the prolific Stabroek Block offshore Guyana, Hess Corporation expects that there will be another…
Exxon’s third project offshore Guyana set for early startupThe Payara development project, which is located offshore Guyana in the prolific Stabroek Block, is expected to start in late…
‘Guyana’s growing legacy as an oil producer will help realise higher standard of living’ - BharratExxonMobil on Tuesday announced three new oil discoveries in the Stabroek Block offshore Guyana and Natural Resources Minister Vickram Bharrat…
Three more oil discoveries in Stabroek Block; oil resources near 11 billion barrelsExxonMobil has made three new discoveries of oil in the Stabroek Block offshore Guyana. With these discoveries, Guyana’s recoverable oil…
