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Massive O&G outreach awareness exercise planned for 2018

The Guyana government is looking to embark on a wide-ranging coast-to-coast oil and gas outreach awareness programme in 2018 that will also include visits to Guyanese living in the diaspora. Minister of Natural Resources, Raphael Trotman, during a recent interview...

Oil price hit a 28-month high

Oil price hit a 28-month high last week due to expectations on the OPEC/non-OPEC output-cut agreement and concerns about the political tensions in Saudi Arabia. Last week, Brent Crude future for January 2018 delivery rose to $64.65 a barrel, or the highest since June 2015, while...

US leads world in oil and gas production, IEA says

(BBC) International energy markets are set for "major upheaval" as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual...

Trotman’s position on contract disclosure reflects will of President, Cabinet – MNR

Guyana’s Ministry of Natural Resources (MNR) said on Tuesday the issue of contract disclosures continue to engage the attention of the country’s President and Cabinet, and government will move to publish the full details of all oil and gas...

Reduced ministerial powers possible for Petroleum Commission

Guyana’s Minister of Natural Resources, Raphael Trotman, says efforts are being made to address the concerns of several stakeholders that the Petroleum Commission of Guyana Bill in its current form, bestows too much authority in the subject minister. In a...

O&G manpower provider farms into offshore catering

Oil and gas manpower services provider El Dorado Offshore (EDO) is collaborating with the Carnegie School of Home Economics in Guyana, for the creation of a training programme in Offshore Catering and Hospitality. Sixteen candidates, between the ages of 19...

Exxon is drilling some extremely long shale oil wells

(Bloomberg) Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park. The world’s biggest oil explorer by market value recently finished four wells in North Dakota’s Bakken region that extend sideways for...

Shell to sell stake in Woodside Petroleum for $2.7B

(Rigzone) Royal Dutch Shell plc has revealed that it will sell its entire stake in Woodside Petroleum Limited for $2.7 billion. Early on Monday, the company said its subsidiary, Shell Energy Holdings Australia Limited (SEHAL), had entered into an underwriting...

Guyana must “bite the bullet” and pay for highly skilled professionals – Dr. Mangal

Petroleum Advisor to Guyana’s President, Dr. Jan Mangal, says the South American country’s government needs to take firm steps towards “opening the doors” to professionals as part of a policy to attract skills which are badly needed in the...

Africa Oil enters partnership with Eco Atlantic for Guyana, Namibia acreages

Africa Oil Corp. says it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in Guyana and West Africa. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77%...

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Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth 

Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to...