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Veiled Saudi threat boosts oil prices already moving toward $100

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The global oil market that’s already being squeezed by U.S. sanctions on Iran is now being rattled by the risk of potential American action against another OPEC member, Bloomberg said in a report on Monday Speculation is rising over whether...
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Who knew? These countries are all oil producers

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(New York Times) Some oil-producing countries are well known: The three top crude suppliers, of course, are Russia, Saudi Arabia and the United States. But almost 100 countries have tapped the oil reserves within their territories to produce a...
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Oil galore in Guyana but not a drop found yet offshore Suriname

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The Guyana-Suriname Basin is said to contain 13 to 15 billion barrels of oil but so far the basin seems to be tilted in the direction of the lone English speaking country on the continent. ExxonMobil has made a...
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50-member strong Canadian mission due in Guyana, MoU on O&G to be signed

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The High Commission of Canada and the Province of Newfoundland and Labrador are collaborating with the Government of Guyana through GO-Invest to bring a Canadian oil and gas trade mission of approximately 50 persons from the province’s offshore oil...
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100 million barrels: the world hit a daily oil and liquids record

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The world is pumping out more oil and other petroleum liquids than ever before. Bloomberg said in a report on Thursday Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday...
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ExxonMobil expects FID on Liza Phase 2 within months

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Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on the giant Liza Phase 2 Development project within months. The company is awaiting Environmental Authorization from...
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Noble Tom Madden will deploy to south portion of Stabroek Block for Pluma drill campaign

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ExxonMobil Guyana is eagerly awaiting the arrival of its third drillship; the Noble Tom Madden, which will begin searching for oil at the Pluma prospect in the south portion of the Stabroek Block by the end of October. The company’s...
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‘Adams and Bynoe are key pieces of the puzzle’ – ASEA Director

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As an emerging oil and gas producing nation, Guyana must look to employ the ‘best’ at the top level of institutions that would be tasked with regulating the sector. So says Carlos de Regules, the founding Director of Mexico’s...
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$20 oil? Welcome to Canada, where crude prices haven’t recovered

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Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country’s main grade of crude, Bloomberg said in a report on Thursday. The drop has...
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“We do not want to send mix signals to contractors, operators” – EPA boss

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Guyana’s Environmental Protection Agency (EPA) and the Department of Energy must work closely to support the Government’s policy for the oil and gas sector. This is the view of the newly appointed Director of the EPA, Dr. Vincent Adams,...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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