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Monthly Archives: July 2019

Stabroek resources now exceed 6 billion barrels – Hess

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Gross resources at Guyana’s Stabroek Block now exceed 6 billion barrels of oil equivalent and potential for future multi-billion-barrel discoveries remain high. Speaking on its...

Eco Atlantic closes financial year with strong balance sheet amid Guyana prospects

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Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSX-V: EOG) announced Tuesday that it has ended the financial year with cash and cash equivalents...

Liza Destiny crew training for emergency response

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The crew that is onboard the Liza Destiny—the  Floating, Production, Storage and Offloading (FPSO) vessel that is currently en route to Guyana—has been engaging...

BP and Eni sign E&P deal for Oman acreage

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BP and Eni on Wednesday signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas...

Guyana says Qatar Petroleum farm-in ‘substantially unclear’

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Hours after Qatar Petroleum announced that it had entered into an agreement with Total for a share of exploration and production rights in two...

Stakeholders to review final draft of local content policy

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Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review. Speaking at a...

Tender to be put out soon for marketing Guyana’s share of oil

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The Guyana government will be selling its own share of crude when production starts at the Liza Phase 1 Development project, just months away,...

World’s Largest Recent Offshore Oil Discovery Progresses Amid Political Tensions, Disputes

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Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true...

Qatar Petroleum farms into Guyana oil blocks

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Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore the South American...

First gas expected from BP Trinidad’s Cassia project in 2021

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BP Trinidad and Tobago’s (BPTT) Cassia Compression project is on track with first gas expected in 3Q 2021. The Cassia Compression project will enable...