Repsol has agreed to sell its E&P assets in Malaysia and in Block 46 CN in Vietnam to a fully owned subsidiary of Hibiscus Petroleum, a publicly-traded company based in Kuala Lumpur.
The sale of the company’s upstream assets in...
(Bloomberg) -- Exxon Mobil Corp. is pulling out of a deep-water oil prospect in Ghana just two years after the west African nation ratified an exploration and production agreement with the U.S. oil titan.
The company relinquished the entirety of...
(Reuters) Oil prices rose on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States as OPEC+ agreed to boost output.
Brent...
Hope Energy Development Inc. (HED) has submitted an Environmental Impact Assessment (EIA) for the construction and operation of the first large-scale wind farm in Guyana along the East Coast of Demerara.
The Hope Wind Farm Project base-case scenario proposes the...
Public consultations for the Yellowtail Development Project continue in Guyana with another virtual session set to take place on Wednesday, June 2. The public is being urged to participate in the process and submit comments for consideration in the...
Updated May 31, 2021
Major oil and gas explorers around the world expect at least three decades of exploration still to come and see this lasting beyond 2050 even as the global pandemic and slashed oil prices have caused companies...
Nestled on the north coast of South America, Guyana and Suriname are among the smallest of the countries on the continent. But with the discovery of multi-billion-barrel hydrocarbon resources, the economic prospects of these upcoming potential giants are among...
Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing catch up to monitor and regulate a sector that was practically non-existent prior to the 2015 world class Liza oil strike by ExxonMobil.
Key to...
China National Offshore Oil Corporation (CNOOC), one of the largest National Oil Companies (NOC) in China, is enjoying rare success on the global stage, with a 25% stake in the multi-billion-barrel Stabroek Block offshore Guyana.
The NOC has interest in...
