Home » Guyana News Updates-May 10, 2022

Guyana News Updates-May 10, 2022

by terrence richard blackman
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3rd Annual Guyana International Petroleum Business Summit & Exhibition – GIPEX 2022

May 10-12, 2022




GUYANA: ZOOM Event: The Oil Contract: a review

Moray House Trust – Thursday 12th May 2022



US Commerce Department South America Business Conference

Monday, May 16, 2022 – Sao Paulo Brazil




Guyana Agri Expo – Department of Public Information

May 19-21, 2022



Guyana: the world’s fastest growing economy

MENAS London – Wednesday 25 May 2022




Int’l Energy Expo 2023 launched with focus on traditional sectors – Guyana Times





CGX upbeat about oil potential in Corentyne Block: Kaieteur News

– as Kawa-1 well unlocks light crude

Canadian exploration partners, CGX Energy Inc. and Frontera Energy Corporation, were pleased to disclose on Monday that light oil is not only confined to the ExxonMobil-led Stabroek Block. According to the integrated results they received and examined for the Kawa-1 exploration well, light oil and gas condensate have been successfully unlocked in the Corentyne Block. Moves will be made later this year to see if a second well can find this resource in commercial quantities.


Wei-1 chance of success doubled after updated results from Kawa-1 – CGX, Frontera: OilNOW

CGX Energy’s discovery at the Kawa-1 well has ignited hopes of success in the Wei-1 well. CGX and its partner on the Corentyne Block, Frontera, said the detailed seismic and lithological analysis captured from the Kawa-1 find thus far hiked the chance of success at Wei-1 from 29% to 56%. The Wei-1 prospect is located approximately 14 kilometres (km) northwest of the Kawa-1 exploration well in the Corentyne block, 200 kilometres offshore from Georgetown, Guyana. According to Frontera’s Head of Exploration, Regan Palsgrove, the companies are confident about the Wei-1 well prospect.


Guyana makes first withdrawal from Natural Resources Fund – Demerara Waves Online News- Guyana


Indian refiners snapping up Liza crude, going after term deal with BrazilOilNOW

Refiners in India, the third largest importer of oil in the world, are continuing to look towards Guyana and its neighbour Brazil to secure agreements for the supply of crude. Since last year, Indian refiners have been snapping up maiden import deals for newer crudes such as Guyana’s Liza and Brazil’s Tupi in a sign that the country is looking to diversify its feedstock basket and have steady supply sources beyond the Middle East, S&P Global Platts said in an article. Stabroek Block crude gives Guyana strategic advantage over global peers, says energy expert.


Primary stakeholders remain in the dark on Wales gas project: Kaieteur News

ExxonMobil is pressing ahead with its planned stakeholder consultations in the various administrative regions that are likely to be impacted by the Wales Gas-to-Energy project on the West Bank of Demerara, but in doing so, the oil company has no plan to meet directly with the residents of Crane and the Canal Polders – those who are likely to be most affected. In its Environmental Impact Statement (EIS), Exxon’s consultant, the Environmental Resources Management (ERM), noted that robust public consultations were done for the developer to not only gather information to inform the study, but also to understand stakeholder concerns.


EITI – Guyana must do better: Kaieteur News (Editorial)

The Board of the Extractive Industries Transparency Initiative (EITI) has made its position clear: Guyana must improve (“Govt. urged to do more to educate citizens on resource governance…EITI Secretariat told to demand higher standards of transparency and accountability from Government” -KN May 5). Those are steep issues in a steeper environment, which lead to an outlook that is far from encouraging. We have a PPP/C Government whose leaders say that they are about transparency and accountability, but that is all that they do.


Guyana signs air services agreement with world’s largest oil producerOilNOW

Aiming to be a major transport hub in the Latin America and Caribbean (LAC) region, Guyana has entered into an Air Services Agreement with the world’s largest oil producer, the Kingdom of Saudi Arabia. Guyana’s Minister of Public Works, Bishop Juan Edghill, signed the pact in the Saudi capital Riyadh with his counterpart, Saleh bin Nasser Al-Jasser, the Kingdom’s Minister of Transport and Logistic Services.


Brazil, Guyana exploring Boa Vista-Georgetown Road corridor to boost trade, investmentOilNOW

to meet with President Dr. Mohamed Irfaan Ali last Friday, the two agreed to explore the merits of a road corridor linking Boa Vista, the capital of the Brazilian State of Roraima, and Georgetown, Guyana’s capital. They are looking to determine the impact such infrastructure would have on trade and investment between the two countries, as well as for the wider region. A working group will be established and ordered to produce an assessment of the potential gains of such a corridor in terms of trade and investment, as well as identifying possible needs of technical assistance, potential private partners, and international financial institutions to contribute to the initiative.


Brazil’s position on territorial sovereignty key for Guyana – Demerara Waves Online News- Guyana

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