In announcing its 19th oil discovery at the Stabroek Block offshore Guyana on Tuesday, ExxonMobil also confirmed that it will be pursuing its fourth development in the Yellowtail area located 19 miles (30 kilometers) southeast of the Liza developments....
Uganda's long-delayed maiden oil project took a vital step to becoming more than a pipe dream this month but risks still hang over hopes of new export flows from East Africa, S&P Global Platts said in a report on...
ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...
Guyana’s Vice President and officials from the Gas to Power Generation Taskforce held a lengthy session with the media on Monday to explain the background and current plans related to the estimated US$900 million project aimed at landing a...
(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+...
