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Monthly Archives: December 2019

Oil to fuel mega projects, development programmes in coming decade – Granger

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The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this...

Noble hits first gas at largest field in Eastern Mediterranean

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Noble Energy Inc.  on Tuesday announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern...

Bayphase Ltd. awarded contract to review plans for ExxonMobil’s 3rd development offshore Guyana

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Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support...

Petronas wraps up acquisition of two deepwater fields in Brazil

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Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the...

Brazilian northeast beaches hit by second oil spill

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(Reuters) - Crude oil smudges have been spotted at some Brazilian beaches in the northeast state of Ceará, the country’s navy said on Monday,...

Bourbon Guyana operations unaffected by change in stakeholder ownership – General Manager

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The sale of Bourbon Corporation's assets to Société Phocéenne de Participations by a decision of the Marseille Commercial Court will not impact the operations...

Oil on track for best year since 2016

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(Bloomberg) -- Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical...

Iran detains ship carrying smuggled fuel near Strait of Hormuz

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The Islamic Revolution Guard Corps (IRGC) navy forces have confiscated an oil tanker carrying smuggled fuel in Abu Musa waters, southern Iran, state-run Islamic...

CARICOM oil producing neighbours sign tourism pact

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CARICOM oil producers Guyana and Suriname signed a tourism agreement on Monday in Paramaribo that is intended to boost efforts in both countries to...

ExxonMobil acquires over 1.7 million acres offshore Egypt

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ExxonMobil said Monday it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said...