Wednesday, April 2, 2025

Guyanese Government News

Frontera says Guyana oil license remains valid amid government cancellation notice

Frontera Energy, a Canadian oil company, said Monday that its exploration license for the Corentyne Block off the coasts of Guyana is still valid. It's evaluating all legal options in order to assert its rights. Guyanese authorities gave Frontera Energy and CGX…

Guyana's Oil Exports Double, with Europe Taking Half of Cargoes

(File photo: Hess Corp)

Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to…

30+ Companies Compete for Guyana Crude Trading Deal

FPSO used for oil production in Guyana (Photo: SBM Offshore)

More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude…

Oil Traders Vie for Guyana Marketing Deal Despite Price Tumble

Liza Destiny FPSO produced first oil from the Liza Phase 1 development offshore Guyana in December 2019 / Image Credit: Hess

Guyana has attracted interest from several oil trading companies for a contract to serve as the marketing agent for the government's share of the country's crude, despite a plunge in global prices, four people familiar…

Guyana Seeking Oil Buyers

© Quatrox Production / Adobe Stock

Guyana has invited companies interested in purchasing the first three deliveries of the government's share of the country's looming oil production to present bids this week, the government said in a statement on Sunday.The…

Exxon Resumes Seismic Survey in Guyana

© Daniil Belyay / Adobe Stock

Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a run-in with the Venezuelan navy, a Guyanese government official said on Tuesday.Vessels…

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