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Exxon Mobil will stop short of taking a final investment decision (FID) on its massive $30 billion liquefied natural gas (LNG) project in Mozambique when it attends an event there on Oct. 8, a source familiar with the matter...

Warning bells have been ringing in the South American country of Guyana ever since ExxonMobil made its first world class discovery at the Liza field back in 2015. With every discovery since then – 14 to date by Exxon...

Guyana’s finance minister, Winston Jordan, says ‘strict rules’ governing the administration of the fund that is being set up to manage oil income will ensure that no government can misuse the billions of dollars in revenue the country is...

Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target. Having...

(Reuters) - Suriname’s state-owned oil firm said on Friday it had signed a production-sharing agreement for the onshore Weg Naar Zee (WNZ) block with Britain-based oil and gas exploration company Columbus Energy Resources. In a statement, the company, Staatsolie Maatschappij...

US supermajor Chevron said on Friday it signed an agreement with Royal Dutch Shell to buy a 40% stake in three deepwater blocks on the Mexican Gulf. The deal which was approved earlier this week by Mexico’s oil regulator, the...

One of the possible harms of an oil export boom is that the rise in oil earnings leads to increased public and private spending, which in turn leads to a sharp appreciation of the real exchange rate, and then...

Search operations carried out since September 26 by the CROSS French West Indies-Guyana and the French Navy have resulted in the rescue of three survivors of the Bourbon Rhode shipwreck, as well as the recovery of four bodies. Bourbon...

Hess will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) as part of a proposed transaction announced on Friday by HESM. Hess said cash proceeds from the transaction will help to fund its project...

The Board of Industrial Training (BIT), which administers and delivers technical and vocational educational training in Guyana, says it will continue to tailor its programmes to keep in line with the transformative changes that are taking place in the...