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Powerful quake hits central Papua New Guinea, disrupts oil and gas operations

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(Reuters) - A powerful 7.5-magnitude earthquake struck Papua New Guinea’s Southern Highlands province early on Monday, the U.S. Geological Survey (USGS) said, disrupting communications and oil and gas operations. The tremor hit near the centre of Papua New Guinea’s main...
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Reps hail Total’s Egina FPSO on local content

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(PM News) The Chairman, House of Representatives Committee on Local Content has described the Egina Floating Production Storage and Offloading (FPSO) of Total Upstream Nig. Ltd. as a pride for Nigeria. The Committee Chairman, Mr Emmanuel Ekon, made commendation during...
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ExxonMobil, BHP withdraw Bass Strait oil assets from sale in major turnaround

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(ABC) BHP and ExxonMobil are holding on to their ageing oil platforms in Bass Strait, off the Victorian coast, just 20 months after putting them on the market. The fields that make up the oil block include Australia's oldest and...
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AG told to ‘make case’ for more funding to audit Guyana’s O&G sector

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Guyana’s Auditor General, Deodat Sharma and the South American country’s Government are at odds over funding of the Audit Office. This, in light of the fact the country is yet to begin any audits as mandated under its petroleum...
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Guyana focusing on benefits of oil contract; not renegotiation – Minister of State

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Guyana’s Minister of State Joseph Harmon says the Production Sharing Agreement between ExxonMobil and the South American country is binding and the David Granger led administration will be looking ahead, focusing on the benefits to be accrued when oil...
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Businessman behind ‘go-invest elsewhere’ ad apologises

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Guyanese Businessman, Chief Executive Officer of Bel Air Georgetown-based Eco Potanzia Industry, Siri Persaud, has owned up to being behind a print advertisement in the Guyanese press calling on investors to invest elsewhere. Persaud has since apologised by way of...
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Guyana welcomes strategic partners who put country first

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Authorities in Guyana have embraced the position that the South American country alone cannot efficiently and competitively develop its emerging Oil and Gas (O&G) industry and as such, should continue to seek out strategic partners. The country’s Minister of Public...
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Brazil to decide in first half on Total’s Amazon River basin drilling

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(Reuters) - Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as the end of March, an agency...
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Aker Energy buys Hess Ghana business, expects first oil in 2021

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Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...
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BP sees electric future with oil demand peaking in 2030s

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(Bloomberg) The British company bumped up its forecast for electric vehicles by 80 percent to 180 million by 2035, according to an energy outlook released Tuesday. It expects a third of the miles driven in 2040 will be powered...
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Authorities say CGX has been treated fairly, insist no dispute exists with company

There is no dispute between CGX Energy and the Guyana government, the country's Minister of Natural Resources, Vickram Bharrat,...

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