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Monthly Archives: August 2017

Production license valid for 20 years with one-time renewal option

ExxonMobil will have an initial 20-year period to produce petroleum under the license granted by Guyana for the Liza Phase 1 development project, with...

Canadian consultant applauds Gossai for work at GOGA

Canadian consultant Rob Strong of Newfoundland Canada has expressed his appreciation for the work that Bobby Gossai Jr. has done for the Guyana Oil...

Guyana President stresses transparency, accountability in meeting with ExxonMobil CEO

Guyana’s President, Brigadier David Granger on Wednesday emphasized the importance of transparency and accountability in the oil and gas sector and reaffirmed the country’s...

Open bidding for petroleum blocks will be determined by national interest – Trotman

Guyana’s decision to retain a system of direct negotiations with companies or move towards a bidding system for the issuance of Exploration and Production...

Egypt signs O&G exploration deals with Shell, Apex

(Reuters) - Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert...

The super-majors…what and who are they?

The Big Oil Super-majors are the six to eight companies which oil analysts utilize to talk about the world’s biggest publicly owned gas and...

TechnipFMC awarded EPCI contract for Husky Energy West White Rose project

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The...

2D imaging shows potential 1.8 billion barrels of oil at Orinduik Block

Eco (Atlantic) Oil & Gas had announced in June that the company along with its partner, Tullow Oil, was pursuing “significant reservoir leads” on...

Gossai parts ways with GOGA to pursue oil & gas studies

Chief Executive Officer of the Guyana Oil and Gas Association (GOGA), Bobby Gossai Jr. will be vacating his post at the entity to pursue...

Guyana will push for higher royalties, greater profits in future negotiations – Trotman

Significant petroleum discoveries offshore Guyana by US super-major ExxonMobil has served to derisk the Guyana-Suriname basin, and in so doing, strengthen the South American country’s...