Saudi Arabia has unveiled an aggressive oil strategy by announcing an additional one million barrels per day (b/d) cut in its crude production. Energy Minister Prince Abdulaziz bin Salman made the announcement on June 4 as part of a...
The Guyana government said it is set to receive significant financial support from the Saudi Fund for Development, with the signing of two major loan agreements totaling US$150 million. President Dr. Mohamed Irfaan Ali hosted a breakfast meeting at...
A consortium led by Petrobras has successfully signed the production sharing contract (PSC) for the Agua Marinha exploration block in the ultra-deepwater Campos basin, located offshore Brazil. This block was awarded during Brazil's first cycle of open acreage under...
Vice President of Guyana, Dr. Bharrat Jagdeo, on Thursday discussed the challenge the country faces in attracting oil investments, as it contends with 85 other nations vying for similar opportunities via bid rounds. He made the comments in response...
CGX Energy Inc., a Canadian firm in search of oil since the 1990s, is doing everything possible to maintain its presence in Guyana, the hottest exploration destination in the world. After its subsidiary, CGX Resources Inc. relinquished the Demerara...
Authorities in Africa, India, and the United Arab Emirates (UAE) are stepping up to help Guyana strengthen its oil sector capabilities, said Vice President Dr. Bharrat Jagdeo during a press engagement on Thursday in Georgetown.
The chief policymaker for the...
QatarEnergy’s liquefied natural gas (LNG) trading arm, QatarEnergy Trading, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG...
The recent meeting of 11 South American Presidents and one Prime Minister in Brazil presented a significant opportunity for Guyana. According to Vice President, Dr. Bharrat Jagdeo, the occasion offered the country the chance to provide a factual perspective...
Petrobras had plans to drill the Morpho 1-APS-57 prospect in block FZA-M-059 but this was stopped short when the environmental agency, the Institute of Environment and Renewable Natural Resources (IBAMA) denied the license after concerns were lodged.
Chief Executive Officer...
Trinidad and Tobago wants the United States government to make changes to the terms of a waiver that authorised the joint development of an offshore gas field with Venezuela, according to the Caribbean nation's Minister of Energy.
The waiver, issued...
