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Guyana Opens Offshore Bid Round December 9, 2022 Guyana President Dr. Mohamed Irfaan Ali has launched Guyana’s competitive bid round for 14 offshore oil blocks, comprised of eleven shallow water blocks and three ultra-deepwater blocks. Officially open today,… Read more
Hess Corporation and the Government of Guyana Announce REDD+ Carbon Credits Purchase Agreement December 3, 2022 Hess Corporation and the Government of Guyana announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from… Read more
CGX and Frontera set to spud Wei-1 and construction begins at deepwater port in Berbice November 30, 2022 Canadian based CGX Energy along with Frontera Energy Corporation have indicated their readiness to spud (begin drilling) the Wei-1 well in the Corentyne block offshore Guyana. The partners have issued… Read more
BP International Limited selected to market Guyana’s share of crude November 25, 2022 The Government of Guyana through the Ministry of  Natural  Resources has announced that BP International Limited has been selected to market Guyana’s share of petroleum from the Liza Destiny and… Read more
ExxonMobil Guyana renews sponsorship of Energy Conference for second edition in 2023 November 18, 2022 ExxonMobil Guyana renews sponsorship of Energy Conference for second edition in 2023 - Government welcomes the International Energy Conference and Expo 2023” says Natural Resources Minister The International Energy Conference… Read more
Guyana GDP growth rate to be highest in the world November 14, 2022 According to estimates by the WorldBank and International Monetary Fund( IMF), Guyana, one of Latin America’s smallest countries is set to post the world’s highest GDP growth.  For several years,… Read more
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