Petróleos Mexicanos (Pemex) submitted the Zama Unit Development Plan (UDP) to Mexico's National Commission of Hydrocarbons (CNH) for formal approval last Thursday. The project is expected to 180,000 barrels per day (b/d) to Mexico’s crude oil output.
An Integrated Project...
The oil supply outlook for non-OPEC producers for 2023 has hiked to 66.9 million barrels of oil per day (b/d) with Guyana, Brazil, the United States, Norway and Canada leading the pack.
Its estimate for global oil demand in...
Westwood Global Energy Group said the key projects anticipated to be sanctioned in the first half of 2023 include Eni’s Baleine Phase II development (Ivory Coast), Petrobras’ Sergipe-Alagoas (Brazil), ExxonMobil’s Uaru (Guyana), Mellitah’s Structure A & E (Libya) and...
Eco (Atlantic) Oil & Gas Ltd. said that it, along with its partners, on South Africa’s Block 3B/4B are applying for environmental authorisation to undertake exploration activities. The block lies in water depths averaging approximately 1,000 metres, in the...
Tullow Oil said it is proceeding with plans to farm down interest in assets, including those offshore the new oil producing South American country of Guyana.
The Africa-focused explorer said in an annual report that it had to pursue the...
By Terrence Blackman, Ph. D. & Utamu Bell
In Episode 10, “Unlocking Guyana’s Oil and Gas Potential,” in the Transforming Guyana webinar series hosted by the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium (CPC), the episode explored a...
The excitement surrounding Guyana’s 2022 auction has caught up to investment firm Westmount Energy Limited and all eyes are on South America’s rising oil star.
“...the launch of the 2022 Guyana Licensing Round, under less benign fiscal terms, may bring...
Without a doubt, the world needs to lower carbon emissions to prepare for a cleaner, greener future. But asking the global oil industry to essentially stop pumping will set economies back by years.
Chairman and Chief Executive Officer (CEO) of...
By Joel Bhagwandin - OilNOW
I am writing in reference to a letter published the Stabroek News on March 23, 2023, with the caption, “Vreed-en-Hoop shore base, funded with Guyana’s oil revenues makes it a private, public partnership”.
I must disclose...
ExxonMobil’s fourth floating production, storage and offloading (FPSO) vessel - ONE GUYANA - has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on March 24.
“This marks a key milestone in the project, this phase will include...
