(Gold Port Corporation, 17.Oct.2022) — Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) provided a technical update on the Groete Gold Copper Project, located in Guyana, South America. The Groete Gold Copper Project is currently defined by 22 historical drill holes, with both gold and copper mineralization. The known gold portion of the deposit is […]
Category: Guyana
Guyana energy
Guyana Opens Tender for its First Oil Refinery
(Reuters, 17.Oct.2022) — Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production. Construction work on the facility, to be located on public land near the Berbice river, is […]
Gold Port on Higher Grade Gold Zone New Drill Target
(Gold Port Corp. 17.Oct.2022) — Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) provided a technical update on the Groete Gold Copper Project located in Guyana, South America. The Groete Gold Copper Project is currently defined by 22 historical drill holes, with both gold and copper mineralization. The known gold portion of the deposit is […]
Awalé Resources Limited Updates on Acquisition of Colossal Gold in Suriname
(Awalé, 11.Oct.2022) — Awalé Resources Limited (TSXV: ARIC) announced that, further to the company’s news release of 13 September 2022, the TSX Venture Exchange (TSXV) has conditionally accepted the acquisition of Colossal Gold Resources Limited by Awalé pursuant to a letter agreement dated 12 September 2022 between Awalé, Colossal and […]
CGX and Frontera Extend JOA Amendment Agreements to 30 Nov. 2022
(CGX, 3.Oct.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announce that the parties have agreed to (i) extend the maturity date of the previously announced $19mn convertible loan to CGX dated […]
Exxon Boosts Guyana Oil Output, Undecided on Future Auction Bid
(Reuters, 20.Sep.2022) — Exxon Mobil Corp. is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases. An Exxon-led consortium discovered oil in the deep waters off Guyana’s coast, launched […]
Guyana’s First Innovation Village at the Heart of Silica City
(Guyana Innovation Group, 13.Sep.2022) — The Innovation Village hopes to prepare citizens for a knowledge-based economy, foster a new tech startup scene, host innovative organizations from around the world and deliver the country a non-oil economy “sandbox” that will provide local and global solutions. In recent times, Guyana discovered one […]
EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]
![Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/suriname-cover-source-staatsolie.png)
Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]
(Energy Analytics Institute, 29.Aug.2022) — A subsurface Suriname-Guyana Basin-wide concept study was performed incorporating historical well data and highlighting the presence of great quantities of gas resources. These estimated resources are in order of 14 Tcf with a 90% probability, state-owned Staatsolie announced 29 Aug. 2022 in its 2021 annual […]
CNOOC: Net Profit Doubled, Record-high Dividend Declared
(CNOOC, 25.Aug.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced its 2022 interim results for the six months ended 30 June 2022. During the period, the company focused on the main business sector of hydrocarbon exploration and development. It pressed ahead with the “three major programs”, namely, Reserves & Production […]
Eco (Atlantic) Updates on Guyana and Namibia
(Eco Atlantic, 25.Aug.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG) announced its results for the three months ended 30 June 2022. In addition, the company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below. Today’s announcement […]
Guyana Oil Production Data Available to the Public
(Energy Analytics Institute, 22.Aug.2022) — Guyana’s Ministry of Natural Resources announced that the country’s oil production data is now available for public consumption. The data is available via the ministry’s Petroleum Management Programme website. The website was created in 2021 to provide information and updates relating to Guyana’s oil sector […]
Irfaan Ali: Oil, Gas Boom Will Ensure Guyana’s Future
(Trinidad and Tobago Newsday, 21.Aug.2022) — Guyanese President Dr Mohamed Irfaan Ali said the oil and gas boom Guyana is experiencing will ensure the country’s future economy but it will not be the focus. He said the country had 18 billion barrels of proven reserve and by 2026 it should […]
Tullow: Beebei-Potaro Exploration Well Plugged, Abandoned Offshore Guyana
(Tullow, 5.Aug.2022) — Tullow Oil plc announces that drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled the Beebei-Potaro […]
NRGBriefs: Petrobras on CVM; Morgan Stanley on Ecopetrol; GtE Guyana
HOUSTON, TEXAS (By Energy Analytics Institute, 4.Aug.2022, Words: 346) — Energy briefs including Petrobras receiving an official letter from the Securities and Exchange Commission of Brazil (CVM) answering questions sent by the company’s management concerning the nomination of candidates by the controlling shareholder to the board; and “Ecopetrol shares enjoyed […]
Gas-to-energy project supports Guyana’s use of its natural resources
HOUSTON, TEXAS (By Hess, 3.Aug.2022, Words: 446) — Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for a Gas to Energy project. The project will enable Guyana to shift from the imported heavy fuel oil currently used […]
TechnipFMC awarded significant contract for gas-to-energy project in Guyana
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Aug.2022) — TechnipFMC has been awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the gas-to-energy project in Guyana. For TechnipFMC, a significant contract has a value between $75mn-$250mn. The the full contract award will not be included in inbound orders […]
New Oil Power Guyana to Surpass US Offshore by 2035
(Forbes, 28.Jul.2022) — As the Biden administration focuses on its efforts to end new leasing and drilling for oil and gas in the Gulf of Mexico and other U.S. offshore provinces, investment continues to pour into projects offshore the tiny South American nation of Guyana. A new study by energy intelligence group […]
NRGBriefs: XOM, OXY, CVX Dividends; Hess Guyana Liftings
(Energy Analytics Institute, 27.Jul.2022) — Energy briefs including US Vice President Kamala Harris speaking with Guyana’s President Mohamed Irfaan Ali about energy and other issues; the board of directors of Irving, Texas-based Exxon Mobil Corporation declaring a cash dividend of $0.88 per common stock; Hess Corporation selling 6 one-million barrels […]
TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn
(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the period: — ExxonMobil Yellowtail Project (Guyana)Awarded an additional contract and received notice to proceed for the Yellowtail development in the Stabroek […]
Subsea 7 and Van Oord Consortium Inks Contract Offshore Guyana
(Subsea 7, 27.Jul.2022) — Subsea 7 and Van Oord announced the award of a substantial(1) contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres. The scope covers the project management, engineering, and installation […]
ExxonMobil Makes Two More Discoveries Offshore Guyana
(ExxonMobil, 26.Jul.2022) — ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than […]
Hess Announces Two More Discoveries Offshore Guyana
(Hess, 26.Jul.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of […]
Guyana Moves Ahead with Q3 Oil Block Auction
(Reuters, 25.Jul.2022) — Guyana’s government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following years of domination by U.S. giant Exxon Mobil (XOM.N) and its partners. As part of his first official trip to Washington, Ali […]
Frontera Extends Substantial Issuer Bid to 8 Aug.
(Frontera, 25.Jul.2022) — Frontera Energy Corporation (TSX: FEC) has extended the expiry time of its offer to purchase from shareholders up to $65mn (equivalent to US$50mn) of its outstanding common shares (the “Shares”) for cancellation from 11:59 p.m. (Eastern time) on 29 July 2022 to 11:59 p.m. (Eastern time) on 8 August 2022, unless the offer […]
CGX and Frontera Secure Funding for the Wei-1 Exploration Well Offshore Guyana
(CGX, 22.Jul.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announces today that the companies have entered into an agreement to amend the Joint Operating Agreement originally signed between CGX and a […]
SBM Offshore Completes $1.75bn Financing of ONE GUYANA
(SBM Offshore, 21.Jul.2022) — SBM Offshore has completed the project financing of FPSO ONE GUYANA for a total of $1.75bn. The project financing was secured by a consortium of 15 international banks. The company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is […]
NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay
(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host a corresponding conference call on 4 Aug. 2022; and Guyana Shore Base Inc. (GYSBI) signing an 11-year extended contract with […]
Guyana Shore Base Inks 11-year Extension Contract with ExxonMobil Guyana
(GYSBI, 18.Jul.2022) — Guyana Shore Base Inc. (GYSBI), a pioneering Guyanese company in the local oil and gas sector has inked an 11-year extension contract with Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil affiliate for the provision of shore base management and operations services. The contract will run […]
3t EnerMech to Provide Exclusive ECITB training in Angola and Guyana
(3t EnerMech, 18.Jul.2022) — 3t EnerMech signed a four-year exclusivity agreement with the Engineering Construction Industry Training Board (ECITB) to become the sole provider of its licenced training in Angola and Guyana. The strategic alliance between 3t Energy Group and EnerMech, will deliver unique ECITB accredited skills programmes through its […]
Guyana Announces National Healthcare Initiative
(Hess, 11.Jul.2022) — His Excellency Dr Irfaan Ali announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare provider, and Hess Corporation to improve the quality of and access to healthcare for the people of Guyana. Working with the Government of Guyana, the […]
President Ali Urges Saudi Arabians to Invest in Guyana
(CMC, 10.Jul.2022) — The President of Guyana, Dr Mohamed Irfaan Ali, has extended an open invitation to investors of the Kingdom of Saudi Arabia, to ‘invest now’, promising that Guyana is ready to remove bureaucratic hurdles. “You are really pushing at open doors,” the president told the visiting team of […]
NRGBriefs: Saudi Delegation in Guyana for Investment Engagement
(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Guyana officials speaking during the opening ceremony for the Saudi Arabia – Guyana Investment Engagement at the Arthur Chung Convention Centre. LATIN AMERICA AND THE CARIBBEAN Guyana — A high-level public and private sector delegation from the Kingdom of Saudi Arabia, led […]
Guyana Ready to Make Investment Decisions with Saudi Arabia
(Energy Analytics Institute, 9.Jul.2022) — Guyana’s President Dr Mohamed Irfaan Ali told a delegation of over 60 representatives from the Kingdom of Saudi Arabia, including Deputy Minister for Investors Outreach, Badr al Badr, that Guyana was ready not to only have conversations but to make investment decisions. Ali, who delivered […]
Guyana: RFP for NGL Plant, 300MW CCGT Power Plant Project
(Guyana’s Ministry of Natural Resources, 8.Jul.2022) — The Ministry of Natural Resources (MNR) invites eligible Consultancy Firms to submit Proposals for Project Management Consultant for the Integrated NGL Plant and 300MW CCGT Power Plant Project. The main objective of this Consultancy is for the Consultant to assist the Government of […]
NRGBriefs: EP PetroEcuador Eyes Recuperating Production
(Energy Analytics Institute, 1.Jul.2022) — Energy briefs including Ecuador’s state oil giant EP PetroEcuador eying recovery by the end of July 2022 of all the production lost at its fields in the Amazon during the national strike; and Guyana’s President Dr Irfaan Ali reaffirming Guyana’s commitment to strengthening its relationship […]
NRGBriefs: SEOGS 2022 Kicks Off; Petrobras CEO Takes Office
(Energy Analytics Institute, 28.Jun.2022) — Energy briefs including new Petrobras CEO Caio Mário Paes de Andrade starting his new job in Rio de Janeiro; and the opening of the 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) in the South American country’s capital Paramaribo. LATIN […]
Ramps Under Pressure in Guyana 
(Trinidad Express, 25.Jun.2022) — Guyana’s local content law is likely to affect the future operations in the oil-rich South American country of one of its earliest and biggest investors, a Trinidad-owned company, Ramps Logistics. Ramps Logistics, a family-owned business from Cunupia, expanded into Guyana in 2013–which was before ExxonMobil discovered […]
NRGBriefs: Caribbean Monthly Economic Report June 2022
(Energy Analytics Institute, 24.Jun.2022) — Energy briefs including economic details not limited to inflation reaching 11.2% y/y in 1Q:22 in the Cayman Islands, Hurricane Agatha causing severe flooding in Cuba in June 2022; Guyana’s Natural Resource Fund hitting $643.98mn in May 2022; Suriname’s real GDP growth is expected to reach […]
Vice News Zeroes in on Oil-rich Guyana
(Vice News, 23.Jun.2022) — Allegations of widespread and organized state corruption have always dogged the Indo-dominated People’s Progressive Party (PPP) whenever it is in government in the Caribbean Community headquarter nation of Guyana, but a damning undercover investigation by American media outfit Vice-News appears to have confirmed deeply entrenched fears […]
Liza Unity Receives ABS’ SUSTAIN-1 Notation
(Piero Stewart, Energy Analytics Institute, 22.Jun.2022) — The Liza Unity floating production storage and offloading vessel, where oil can be processed, stored and transferred to tankers, is the first in the world to receive a SUSTAIN-1 notation by the American Bureau of Shipping (ABS) for its sustainable design and operation […]
Frontera Provides Update on Exploration Block Offshore Guyana
(Frontera, 16.Jun.2022) — Frontera Energy Corporation (TSX: FEC), joint venture partner with CGX Energy Inc. (TSXV: OYL) in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that, following constructive discussions with the government of Guyana, the joint venture will focus exclusively on the exploration opportunities in the Corentyne […]
Why The Oil Bonanza Offshore Guyana Has Global Implications
(Forbes, 7.Jun.2022) — The world’s thirst for crude oil continues to grow, as exemplified by the big, 5.1 million-barrel draw from U.S. crude inventories announced by the Energy Information Administration (EIA) last week. Referring to the current historically high prices for oil and refined products, one analyst, Amrita Sen from Energy Aspects, […]
Rhyolite Identifies 3.5km of Gold in Guiana Shield
(Rhyolite Resources, 16.May.2022) — Rhyolite Resources Ltd. (TSXV: RYE) announced its inaugural 3,000-metre diamond core drilling program at the Brothers Project in Suriname has identified a gold mineralized shear zone 3.5 km in length. The shear zone is open on strike at both ends and is open down dip. Highlight […]
Guyanese Voice Fears Over True Cost of Exxon’s Oil Bonanza
(The Guardian, 12.May.2022) — Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyana’s coast a “blessing” that will earn billions of dollars for one of the poorest countries in the Caribbean, even as she recognises that pulling yet more fossil fuel from the ground will […]
NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down
(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and OPEC Secretary General Mohammad Barkindo (from Nigeria) preparing to step down from his leadership post at the organization in August 2022. LATIN AMERICA AND CARIBBEAN […]
CGX and Frontera Find Light Oil and Gas Condensate at Kawa-1
(Frontera, 9.May.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced integrated results from the Kawa-1 exploration well, offshore Guyana. The Kawa-1 well was drilled in water depth of approximately 355 meters (1,174 ft) […]
Guyana and Brazil Agree on Actionable Framework – President Ali
(DPI, 7.May.2022) — His Excellency Dr Irfaan Ali announced that Guyana and Brazil have agreed on an “actionable framework” in the areas of food security, energy, infrastructure and national security. This announcement was made following a meeting between Brazil’s President, His Excellency Jair Bolsonaro, members of his cabinet and the Guyana […]
Guyana, Brazil Sign Treaties on Civil, Criminal Matters
(DPI, 7.May.2022) — Guyana and Brazil have mutually agreed to provide legal assistance in civil and criminal matters, through the signing of two bilateral agreements, at the Arthur Chung Conference Centre (ACCC) on Friday. The signing of the treaties, which were done by Minister of Foreign Affairs and International Cooperation, […]
NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58
(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant Petróleo Brasileiro S.A. (Petrobras) reporting earnings before interest, taxes, depreciation and amortization of $15.1bn in 1Q:22; energy and other disintegration in the Latin America and Caribbean (LAC) region; APA Corporation and TotalEnergies said getting closer to achieving their […]