Guyana plans to revoke a petroleum license held by two energy companies, citing expired terms.

Guyana's government plans to terminate the petroleum license for the Corentyne offshore block held by Frontera Energy and CGX Energy, stating that their agreement has ended. The companies, however, believe their license is still valid and are considering legal action. Guyana has set a deadline of February 22 for the companies to provide any arguments against revoking the license.

5 weeks ago
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