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Monthly Archives: May 2018

Guyana part of ExxonMobil’s ‘richest portfolio of investment opportunities’ – Woods

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ExxonMobil’s Chairman and Chief Executive Officer Darren Woods told shareholders during the company’s annual meeting on Wednesday that it has put together the richest...

Political partisanship ‘biggest mistake’ for Guyana’s Sovereign Wealth Fund – former MP

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A former Member of Parliament (MP) in Guyana believes that political partisanship poses the greatest threat to the establishment and effective management of a...

Total farms into Angola

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Total S.A. TOT has signed agreements with Sonangol, covering certain upstream and downstream operations in Angola. These agreements will further strengthen TOTAL's operation in the country....

Tullow Oil hires Worley Parsons, Wood for Kenya contract

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Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia’s Worley Parsons, a Kenyan petroleum ministry...

Offshore oil discovery in Suriname is almost a certainty – Staatsolie boss

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As the search for oil intensifies off the coast of Dutch-speaking Suriname, Managing Director and CEO of state oil company Staatsolie Maatschappij Suriname N.V.,...

Low-cost power could entice large manufacturers back on grid

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As discussions continue in Guyana on the prospect of piping liquefied natural gas to shore, a public official with oversight of the electricity sector...

Return to $100 oil is ‘far from unlikely,’ Norway minister says

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(Bloomberg) Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune. “It’s far...

Guyana oil production will exceed 600,000 bpd over next decade raking in billions per...

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Rystad Energy - an independent research and business intelligence company based in Norway - predicts that oil production in Guyana will exceed 600,000 barrels...

Local content expert says policy must capture capabilities of Guyanese workforce

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Rene Roger Tissot, an energy and development economist specializing in local content policies and strategies says Guyana should have a plan in place to...

Guyana discoveries help give China foothold in region but big spending remains tempered

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China National Offshore Oil Corporation (CNOOC) is a minority partner in ExxonMobil's major oil discoveries in Guyana and the company has nabbed licenses in...