Exxon strikes two Whiptail discoveries; Hess says drilling to continue to test deeper targets
ExxonMobil Corporation disclosed this morning that it made two discoveries at the Whiptail-1 and Whiptail-2 wells in the Stabroek Block.
Whiptail-1 is being drilled in...
Hess records US$73M loss for second quarter
Hess Corporation today reported a net loss of US$73 million, or US$0.24 per common share, in the second quarter of 2021, compared with a...
‘‘Let’s put the traffickers behind bars” – Minister Persaud urges
“EACH one of you is in a good place to help change someone’s life. I’m here to support the process and the Counter-Trafficking in...
US$900M gas-to-energy project could be a blessing for Guyana-CARICOM’s Energy Head
Considering the fact that the US$900M gas-to-energy project will provide a cleaner source of energy thereby reducing the nation’s carbon footprint, pave the way...
Oil exports to grow by an annual average of 48.5 percent over 2020–2023-IDB Report
The Inter-American Development Bank has disclosed in its latest assessment of Guyana’s first-quarter performance that it projects oil exports will grow by an annual...
Govt. seeking private investors for US$900M Gas-to-Energy Project
The Ministry of Natural Resources has issued a call for Expressions of Interest (EoI) to join the Government as it undertakes the US$900M gas-to-energy...
Berbice Deepwater Port to earn US$37M in three years from oil sector- Report
The Berbice Deep Water Port (BDWP) which is being constructed by CGX Energy Inc. is positioned to play a leading role in the expansion...
Kawa-1 well to be spud in August; drilling and evaluation estimated to cost US$85M
CGX Energy and its partner, Frontera Energy Corporation, announced this morning that the Kawa-1 well in the Corentyne block is expected to be spud...
CGX commences major construction works for US$130M Berbice Deepwater Port
CGX Energy through its wholly-owned subsidiary, Grand Canal Industrial Estates Inc ("GCIE"), announced this morning to the market that it has been engaged in...
ExxonMobil Guyana begins scoping meetings for US$900M Gas-to-Energy project
ExxonMobil Guyana yesterday kicked off its series of engagements across the coast to gather comments and questions that will determine the scope of the...
