Eco Atlantic will acquire JHI’s share in the Canje block offshore Guyana
Eco Atlantic expands Guyana acreage
The independent is doubling down on its investment in Guyana with the acquisition of JHI Associates
London-listed independent Eco Atlantic will acquire 100pc of Toronto-headquartered JHI Associates in a cashless acquisition worth around $52mn, after which JHI’s existing shareholders will hold 34pc of Eco Atlantic. Eco Atlantic already owned a 6.4pc stake in JHI before the agreement. The deal explicitly includes JHI’s 17.5pc share in the ExxonMobil-operated Canje block offshore Guyana, which is adjacent to the proven and under-development Stabroek block. The other Canje partners comprise operator ExxonMobil (35pc), TotalEnergies (35pc) and Guyana’s Mid-Atlantic Oil and Gas (12.5pc). Earlier this year, Eco Atlantic said the Canje partners were still reviewing 2021’s drilling results amid pre
Also in this section
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
13 April 2026
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure
