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Minister: Exxon ‘very hopeful’ of success in discovering ‘big cache’ of oil

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(Rigzone) ExxonMobil is “very hopeful” of success in discovering a “big cache” of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, has said in a press statement. “ExxonMobil has purchased a...
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Department of Energy Head to decide if Mangal’s services needed – State Minister

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The decision to engage Former Petroleum Advisor to President David Granger, Dr Jan Mangal will now rest on the shoulders of the newly appointed Head of the Department of Energy, Dr Mark Bynoe. This is according to Minister of State, Joseph...
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WoodMac Sees ‘loosening’ of oil market towards year-end

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Wood Mackenzie sees a “loosening” of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, revealed in an interview with CNBC on Tuesday, reports Rigzone. “If you look at …...
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BP investing US$8 billion in nine new T&T projects

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BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next 10 years, according to Claire Fitzpatrick, new BPTT president. Speaking at a media...
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ExxonMobil Foundation pushing environmental protection, responsible O&G development in Guyana

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A US$10 million grant to Conservation International Guyana from the ExxonMobil Foundation is geared towards benefiting a broad cross-section of Guyanese says Kevin Murphy, President of the ExxonMobil Foundation. Speaking at the launch of the “Guyana: Resilient and One (GRO)...
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Public consultations to be held on oil revenue in Guyana

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The Government of Guyana will be holding public consultations on how oil revenues will be invested and spent. During a Press Conference on Monday, August 6, 2018, at the Ministry of the Presidency in Georgetown, Minister of State Joseph Harmon...
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Cabinet approves Natural Resources Fund Green Paper for Legislative Body

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Guyana’s Cabinet Council of Ministers has granted approval for the Natural Resources Fund Green Paper to be laid in the National Assembly for consideration. This was announced by the country’s Chief Government Spokesman and Minister of State Joseph Harmon on...
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Multi-million ExxonMobil funded development initiative to be launched

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The “Guyana: Resilient and One (GRO) initiative” which is being funded by the ExxonMobil Foundation will be launched on Monday, August 6, 2018 at the Pegasus Hotel, Kingston, Georgetown. The initiative, which will be implemented in partnership with the University...
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Kosmos in new Suriname oil search on prospects similar to ExxonMobil’s Longtail and Turbot

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Kosmos Energy is days away from spudding its latest wildcat off Suriname where the US independent kicked up dust at its most recent well earlier this summer. According to an Upstream report published on Monday, the Dallas-based player will spud...
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Liza SURF contractor Saipem awarded FEED contract for Ugandan refinery

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Italian oil and gas industry contractor, Saipem, has been awarded a front-end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda. According to Oil Review Africa, the award was made by the Albertine Graben Refinery...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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