Oil companies in India and Europe evaluating offers for Guyana blocks

18 Jan 2023 CW Team

Despite the government's ongoing efforts to finalise the terms of the auction, leading energy corporations from Asia and Europe are reportedly interested in Guyana's future round of bidding for offshore territories. The South American nation aims to fast grow its oil sector and enlist investors to compete with a consortium managed by Exxon Mobil Corp that currently controls all output. In order to access the more than 11 billion barrels of oil discovered so far, the Exxon group has laid out plans to put at least seven boats.

The state-run Oil and Natural Gas Corp’s international investment arm, ONGC Videsh, is thinking about making a bid for some of the 14 exploration zones the nation has made available. Refiner Indian Oil Corp. wants to work in Guyana alongside ONGC Videsh, according to people familiar with the discussions. Irfaan Ali, the president of Guyana, visited India this month and invited energy businesses to take part in the auction. A few days later, he extended the same invitation to Chinese corporations. According to officials, Guyana may take into account giving key partners direct land allocations through government-to-government agreements.

A spokeswoman said in a statement that “ONGC Videsh continues to consider, evaluate, and process many global business possibilities. We refrain from commenting on specific opportunities until there are firm agreements in place, both out of respect for confidentiality and as a matter of policy.” Three deepwater and 11 shallow-water blocks, each averaging 2,000 square kilometres, are being offered by Guyana (722 sq miles). The opening of bids is anticipated for April in Georgetown. Two other persons with knowledge of the situation indicated that several European businesses have recently looked into the rules of the auction in order to contemplate bidding. According to Alistair Routledge, the company’s national manager for Guyana, Exxon is thinking about making a bid on the blocks.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..