News

Chinese state-owned oil and gas company CNOOC is raising 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects including Payara, offshore Guyana, where it has...

Fugro has finalised fieldwork on a site investigation programme for TotalEnergies off the north-west coast of Paramaribo in Block 58 of the Guyana-Suriname Basin. The project sits approximately 150 km offshore in water depths ranging from 60 m to 2100...

ExxonMobil recently submitted an application for environmental authorization to the Environmental Protection Agency (EPA) to proceed with a 12 well exploration campaign on the Kaieteur Block, Offshore Guyana. The company has already applied to the EPA for authorisation to...

The Environmental Protection Agency (EPA) in Guyana is scheduled to hold a public hearing next month on ExxonMobil’s proposed 12-well exploration and appraisal drilling programme which is targeting start-up in 2022. The EPA said in a notice on Friday the...

(Reuters) - Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing...

(Reuters) - Dubai non-oil foreign trade grew 31% year-on-year in the first half of 2021 to 722.3 billion dirhams ($196.66 bln), the emirate's media office said on Sunday. Exports grew 45% to 109.8 billion dirhams, while imports rose 29.3% to...

The gas-to-energy project proposed by the Government of Guyana has the potential to not only create new industries and transform the economy but also represents the most environmentally sustainable option currently available to the country.  This is according to...

Guyana, virtually unknown in the global oil and gas industry just 6 years ago, is now a much talked about up-and-coming oil producer who by the end of the decade will be among the top players in the Latin...

China is looking to pump up oil and gas production in the years ahead to meet climbing domestic demand and reduce the record-high share of imports in its oil consumption. A Rystad Energy report projects a surge in spending...

Senior Vice President of Exploration and New Ventures at ExxonMobil, Mike Cousins, says partnering with the people of the new oil producing South American country of Guyana has been a privilege for the company which has found over 9...