Guyana Government Accepts PSAs for Offshore Exploration Guyana’s government has accepted production sharing agreements (PSAs) with multiple energy companies for the exploration of five offshore oil and gas blocks, reported Reuters, citing the energy ministry. Companies Involved in the Agreements The companies that have reached agreements include Cybele Energy, Delcorp, International Group Investment, Petronas, Qatar...
Ever wondered which country holds the title for the fastest-growing economy in the world? It may come as a surprise, but the frontrunner in recent years is a small nation that many are unfamiliar with. Guyana, located in South America, is projected to experience an astounding 42.8 percent economic growth in 2024, up from the...
Ocean Edge Services ( OES ), a U.S.-based offshore and onshore service provider, has partnered with Guyana’s Atlantic Marine Supplies ( AMSI ) to form a new joint venture ( JV ) and corporation in Guyana, called Ocean Edge Services ( Guyana ) Inc. Described by the U.S. player as an expansion of a three-year...
Ghanaian oil company Cybele Energy Limited is among six firms that have been awarded oil blocks in Guyana. The South American country opened bids for 14 offshore oil blocks available for exploration and development in December 2022, in a bid to ramp up its oil production. Six companies and groups submitted bids for the available...
