Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia’s Worley Parsons, a Kenyan petroleum ministry official told Reuters on May 29.
Kenya this month moved a step closer to full production...
As the search for oil intensifies off the coast of Dutch-speaking Suriname, Managing Director and CEO of state oil company Staatsolie Maatschappij Suriname N.V., Rudolf Elias, is confident that a discovery will eventually be made.
“It's not a question of...
As discussions continue in Guyana on the prospect of piping liquefied natural gas to shore, a public official with oversight of the electricity sector believes the availability of low-cost power will serve to entice a number of large manufacturers...
(Bloomberg) Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune.
“It’s far from unlikely that we will see $100 again,” Petroleum and Energy Minister Terje Soviknes said...
Rystad Energy - an independent research and business intelligence company based in Norway - predicts that oil production in Guyana will exceed 600,000 barrels per day over the next decade, raking in billions of dollars in profit per year...
Rene Roger Tissot, an energy and development economist specializing in local content policies and strategies says Guyana should have a plan in place to develop the capabilities of its people before commercial oil production comes on stream. One way...
China National Offshore Oil Corporation (CNOOC) is a minority partner in ExxonMobil's major oil discoveries in Guyana and the company has nabbed licenses in Mexico's deep waters, giving China a foothold in the region's two most exciting frontiers. While...
TOTALTEC Oilfield Services Guyana Inc. on Monday held a graduation ceremony for its first batch of oilfield operators who are now equipped with world class capacity to work in the oil and gas industry.
The TOTALTEC Academy Oilfield Safety &...
OPEC kingpin Saudi Arabia is determined to keep oil prices trading around current levels, one strategist told CNBC on Monday, but a total shutdown in Venezuelan production could soon prompt crude futures to skyrocket toward $100 a barrel.
Prices in the oil market have been...
(Reuters) - Oil prices dropped on Monday on signs that output from the three top crude producers, Russia, the United States and Saudi Arabia, would climb to meet concerns about supply amid strong demand.
Brent crude futures were at $76.02...