Daily Archives: Thursday, 16 December 2021, 16:31

CGX finds oil offshore Guyana but needs to continue drilling

Last Updated on Thursday, 16 December 2021, 16:31 by Denis Chabrol Reproduced from OE Digital Canadian-based firm Frontera Energy, the majority owner of CGX Energy and its partner in the Corentyne Block offshore Guyana, has informed that the Kawa-1 exploration well, spudded in the block in August, has encountered hydrocarbon presence. Also, the drilling at Kawa-1, being carried out by Maersk Discoverer ...

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Local content law requires oil sector to competitively bid for goods, services; gives priority to Guyanese

Last Updated on Wednesday, 22 December 2021, 14:42 by Writer Guyana’s Local Content Bill, if passed in its current form, will require oil sector companies to competitively bid for the supply of goods and services, even as it specifies quota for Guyanese companies and Guyanese individuals. “A Contractor, Sub-Contractor or Licensee shall award a contract on the basis of a ...

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