News

(Reuters) - Oil production in Brazil fell 6% in the first quarter from a year earlier, according to National Petroleum Agency (ANP) figures seen by Reuters on Monday, led by a drop in output from state-run oil giant Petrobras. Brazil...

Head of Guyana’s Gas to Power Generation Taskforce, Winston Brassington, revealed on Monday that the current estimates for the project which is expected to deliver affordable power to the nation of just over 750,000 people should cost approximately US$900M. During...

Dutch floater specialist SBM Offshore is forging ahead with expanding its local workforce in Guyana where it is currently operating one oil production vessel with two more under construction for developments offshore the South American country. The Liza Destiny Floating...

The Stena Carron rig is resuming drilling operations at the Koebi-1 prospect in the prolific Stabroek Block offshore Guyana after an initial operation at the well site in March. The well is situated approximately 120.6 nautical miles (223.4 kilometers) from...

Bahamas Petroleum Company plc said Friday it will be embarking on a comprehensive program of activities that will see an increase in production and cashflow from operations in Trinidad and Tobago and Suriname. In a Notice of Extraordinary General Meeting and Circular,...

(Reuters) Oil prices fell more than 1% on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world's third-biggest oil importer and as investors adjusted positions ahead of a planned increase in OPEC+...

French multinational integrated oil and gas company Total said on Monday considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, it confirms the withdrawal of all Mozambique LNG project personnel from...

Reliance Industries Limited (RIL) and bp on Monday announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and bp have been developing three deep-water gas developments in...

As the debate persists on whether Guyana should pursue a mix of gas with renewables or simply go the route of the latter, a former BP Trinidad and Tobago (BPTT) official is now adding two crucial questions to the...

The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a 5-year high. This is according to Westwood Global Energy Group who said in a new...