Cybele Oil Deal Hits Deadline | Guyana News

Ghanaian oil giant Cybele missed a $4 million signing bonus deadline for Guyana’s Block S7—worth 400 million barrels of oil—but is racing to fix it. Facing default interest, the company blames investor delays and is negotiating a new deal with the Guyanese government. Minister Vickram Bharrat defends the delay, citing Cybele’s local hires, environmental fees paid, and submitted work plans. With leadership from Beatrice Mensah-Tayui and a focus on sustainability, Cybele’s comeback could signal renewed confidence for Guyana’s offshore energy future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/004cdefa04eee226