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China winter gas binge pushes it toward number 2 LNG buyer spot

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(Bloomberg) China is ahead of schedule on its way to becoming the second-largest importer of liquefied natural gas. The nation, already the world’s top energy user, is on the verge of passing South Korea to become the No. 2 buyer...
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Shell, Repsol among big names pursuing natural gas production in Bolivia

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(Hart Energy) Bolivia’s gas industry could begin 2018 on a positive note, following years of low exploration investment that shrank gas reserves as production increased amid less demand from its top customer Brazil. The country is working to boost investment...
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Guyana legislators approve US$5.3M natural resources work programme

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Guyana’s legislators on Tuesday approved - unchallenged in the National Assembly - the Ministry of Natural Resources US$5.3M (G$1.1B) 2018 work programme of which US$145,000 (G$30M) has been allocated for oil gas related activities next year. Included in the allocations...
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ExxonMobil makes discovery off Equatorial Guinea

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Fresh off its Turbot-1 well discovery in the South American nation of Guyana, ExxonMobil has made a discovery at the Avestruz-1 well drilled offshore Equatorial Guinea, though the commerciality of the find is still to be determined. The well was...
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Finance Minister says no rules broken with special account for signing bonus

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Guyana’s Minister of Finance, Winston Jordan, has defended the deposit of an US$18M ‘signing bonus’ into a special account at the Bank of Guyana, as ‘standard practice,’ saying “we are not breaking any rule.” Mr. Jordan defended the transaction in...
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Multi-sector stakeholder group to steer Guyana O&G sector

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The Guyana Government has embarked on the establishment of a multi-sector stakeholder committee for the oil and gas sector which it hopes will comprise members of civil society and the parliamentary parties. The announcement came as Minister with responsibility for...
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Oil price hits 30-month high after North Sea pipeline closure

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(The Guardian) The price of oil has hit a 30-month high after the owner of a major North Sea pipeline said it could be shut for as long as three weeks. The price of a barrel of Brent crude has...
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North Sea oil and gas pipeline repairs could take three weeks, say operators

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(Belfast Telegraph) The pipeline has been shut to repair a crack in the pipe which was discovered last week during a routine inspection south of Aberdeen. Operators Ineos said the repair would be more complicated than first thought as the...
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St Lucia PM renews appeal for information on controversial Oil Exploration Agreement

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(CARIBBEAN NEWS NOW) – Some four years after then leader of the opposition in Saint Lucia, Stephenson King, wrote to the governor general, Dame Pearlette Louisy, seeking clarification regarding an oil exploration licence purportedly granted to Colorado oilman Jack Grynberg...
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Private sector officials say making local content too prescriptive can hurt industry

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As discussions continue on the nature and type of local content mechanism Guyana should adopt in order to ensure businesses in the South American country benefit from oil and gas opportunities, some private sector officials are signaling that stringent...
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Eco Atlantic remains upbeat about stake in South America’s mega hotspot   

Eco (Atlantic) Oil & Gas Ltd. has reaffirmed its focus on Guyana, a key area for hydrocarbon exploration, where...

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