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Monthly Archives: October 2018

CGX Energy agrees to settle all liabilities with Japan Drilling

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CGX Energy Inc. announced on Wednesday that it has entered into an agreement with Japan Drilling Co., Ltd. along with its subsidiary CGX Resources...

Liza Tier 1 contractor TechnipFMC sign major deal with MIDOR

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ExxonMobil Guyana Liza Tier 1 contractor TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the...

Guyana oil production will more than quadruple by 2023 with Liza Phase 1, 2...

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Rapid development and production offshore Guyana will see oil production at peak moving from 120,000 barrels of oil per day (bpd) from the Liza...

President Granger approves Eco Atlantic’s transfer of 25% interest in Orinduik Block to Total...

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Eco (Atlantic) Oil & Gas Ltd said on Wednesday that Guyana’s President, David Granger, has approved the transfer of the 25% working interest in the...

Guyana at cross-roads with big opportunity for security, stability – ASP

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In less that 24 months Guyana, located on the northern shoulder of South America, will begin producing oil from its vast offshore reserves discovered...

Oil exploration company plugs US1.25M into water conservation efforts

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Cataleya Energy Limited has funded a project in a remote village in the South American country of Guyana to tackle drought and create economic...

Brazil’s oil, gas reforms likely to continue under new President

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Brazil’s oil and gas industry is expected to continue seeing reforms boosting both investments and production, as President-elect Jair Bolsonaro puts an end to...

Foreign companies team up to explore for oil in Grenada

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The Grenada government says two foreign companies have teamed up to continue the exploration of the island’s maritime space. In a October 29 report, the...

Suriname eyeing closer cooperation between ‘Three Guianas’ in O&G

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Suriname hopes to sign a letter of intent with Guyana in December in which areas of cooperation for oil and gas would be clearly...

BP records strongest quarter in 5 years

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BP Plc shares rose to the top of the FTSE 100 Tuesday after the U.K. oil major posted its strongest quarterly profit in five years...