(Energy Voice) Shares in Tullow Oil soared almost 20% on Monday after the exploration and production firm announced an oil discovery offshore Guyana.
The London-based company said Jethro-1 was the first discovery on the Orinduik licence and was made up...
Following the announcement on Monday by Tullow Oil that it had made its first discovery offshore Guyana, private sector stakeholders have renewed their calls for the requisite legal and regulatory framework to be urgently put in place if the...
On Monday 12 August, UK-based Tullow Oil announced it had made a “significant and high-value oil discovery” off the coast of Guyana. Commenting on the announcement, Rystad Energy exploration analyst Palzor Shenga said, “After dominating the list of major...
ExxonMobil’s discoveries at the Yellowtail and Tilapia wells in the Stabroek Block offshore Guyana were the largest made in the first half 2019. Westwood Global Energy Group, in a report published on August 12, said high-impact exploration drilling activity increased substantially...
Oil has been discovered outside the prolific Stabroek Block offshore the South American country of Guyana. Tullow Oil announced on Monday that Evaluation of logging data confirms that Jethro-1 is the first discovery on the Orinduik licence and comprises...
Guyana’s President, David Granger has made it clear that his APNU+AFC coalition administration respects the sanctity of contracts. This is a position the Department of Energy (DE) embraces, with its Director confirming to OilNOW on Friday that revisions to...
The introduction of a contingent system of taxation is not the only possible response to the existence of exploration risk. The state could reduce the perceived risks by financing a programme of geological research. The fruits of this research...
In anticipation of Guyana’s projected oil revenue, the nation’s finance minister, Winston Jordan says that a portion of the money should go to the improvement of other productive sectors.
Speaking to OilNOW, at his Ministry’s office on Main Street, Georgetown,...
The 220,000 barrels per day Liza Unity Floating Production Storage and Offloading vessel is one of three oil production platforms currently being built under SBM Offshore’s Fast4Ward® programme.
The Dutch floater specialist said on Thursday the Liza Unity hull, the...
(Bloomberg) - The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings.
“Future events related to the company’s activities in Venezuela may result in significant impacts on the...
