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Ramps says it aims to bolster Guyana’s growth, after cleared of fraud charges

Ramps Logistics Guyana Inc. (RLG) has been cleared by the Guyana Magistrates’ Court on all charges of fraud, the company said in a release. The matter was brought before the court by the Guyana Revenue Authority (GRA) in October,...

Well tests begin at TT’s Ortoire block

Trinidad’s Touchstone Exploration Inc. said on April 24 that it confirmed the presence of light crude oil at non-commercial rates during the first Royston-1X well production test in the onshore Ortoire block.  Touchstone said in its announcement that five potential...

Attracting top offshore players like Chevron key to success Guyana bid round

Chevron has its eyes set on Guyana, as the country’s first licensing round heats up. Norway-based Rystad Energy believes the oil major possesses the wherewithal to bring competition to the ExxonMobil-dominated basin.  Schreiner Parker, Senior Vice President and head of...

Latin America delivered 40% more revenue for Halliburton in Q1 2023 

Halliburton said its Latin America revenue in the first quarter of 2023 was US$915 million, an increase of 40% year over the previous year, due primarily to increased well construction services and stimulation activity in Mexico and Argentina, higher...

Guyana gov’t keeping with new reporting obligations for oil wealth

Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira on behalf of Senior Finance Minister Dr. Ashni Singh tabled a Notification of Receipts to the National Assembly, of all petroleum revenues paid into the Natural Resource Fund (NRF) during...

Smaller player looking to bid on big blocks in Guyana basin

Mid-Atlantic Oil & Gas Inc., which has a 12.5% stake in the Canje deepwater block, has signaled its interest in Guyana’s ongoing licensing round. Its co-founder and director, Edris Kamal Dookie, is quoted in the April 21 edition of Latin...

Hess expected to announce lower earnings despite higher revenues  

Hess Corporation is expected to report lower year-on-year earnings despite higher revenues for the first quarter of 2023 when it releases its financial results on April 26, according to the consensus estimate from analysts at Zack's Equity Research. This oil...

Exxon sets eyes on Liberia prospects after quitting in 2017

Oil major ExxonMobil intends to re-establish itself in Libera's offshore industry - a country it quit in 2017.  This renewed interest was surprisingly sparked by Exxon’s success in South America’s newest addition to the oil game - Guyana, according to...

Guyana’s oil boom freeing up finance to catalyse other extractives 

ExxonMobil’s Stabroek Block operations are not only injecting new life into Guyana’s construction, agriculture, and tourism industries, but its mining sector too. According to Atrium Research Corporation (ARC), a trusted provider of analysis for public equities in North America,...

Exxon sees reduced risk in shifting focus to tropics

ExxonMobil’s activities in the Arctic are set to dwindle as the oil major shifts its focus to more promising projects elsewhere on the globe.  Exxon said, “Our current investment plans do not include exploration activity within the Arctic Monitoring...

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Anaergia Announces Delay in the Filing of Its Audited Financial Statements and Related Disclosures

BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today that there will be a delay in...