Its most prized asset: the Stabroek offshore oil block, near the coasts of Guyana. The area has become the epicentre of a new boom, as industry giants scramble for a cut in the action. In the last ...

Located nearly 200km offshore Guyana, the Stabroek block has been identified as a major global oil and gas find, with recoverable resources surpassing eight billion oil-equivalent barrels.

The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May.

Deepwater offshore fields ... per day to production in the Stabroek Block. Those facilities will add 930,000 barrels per day to Guyana’s oil production, lifting output to around 1.5 million ...

The S8 block is part of a broader push by Guyana to develop its oil and gas resources. The government offered 14 blocks in its latest auction. Eight of these blocks received bids from prominent ...

PRESIDENT, Dr Irfaan Ali has affirmed that Guyana's standing as a leader in the region's marine industry and sector is being ...

Singh spoke of the need to conduct seismic surveys offshore ... to ensure all oil blocks are competitively tendered and aligned with global best practices, Guyana held its first licensing round ...

Escalations surfaced then after a significant offshore oil find ... obtaining its stake in Guyana’s Stabroek Block. Various Chinese oil and gas firms are heavily invested in the two South ...

Suriname’s GDP will expand at a brisk 55% annual clip in 2028 when offshore block 58 comes online, the IMF has predicted ...

A joint venture formed by Canada-based firms CGX Energy and Frontera Energy on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas ...

Offshore discoveries turn tiny Guyana into oil hotspot February 16, 2022 Canada's CGX Energy said on Monday its joint venture with Frontera Energy would focus on their Corentyne block, offshore ...

The latest incident in a century-old border dispute comes after a series of offshore ... the U.S. oil firm's seismic explorations in the western portion of Guyana's Stabroek Block "have been ...