Nigeria is banking on the 200,000 b/d offshore Egina project to boost its production by over 10%, as the Total-operated field is expected to come online later this year, S&P Global Platts said in a report on Monday.
Nigerian oil...
UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...
High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul.
Paul,...
As US oil major ExxonMobil continues to discover more oil off the Guyana coast, discussions about the establishment of a refinery in the South American country will become more relevant. A study conducted in 2017 found that pursuing such...
A study on local content provisions in developing countries has made a nexus between poorly drafted or implemented local content policies, laws and regulations and the emergence of corruption and conflict resulting in little benefit to the country from...
ExxonMobil, through its philanthropic arm - the ExxonMobil Foundation, will be looking to continue its efforts to create and implement developmental programmes to benefit Guyana.
This will be done through the many partnerships that the company has been forming in...
A ground-breaking partnership to support the Caribbean’s ambition to become the world’s first ‘climate-smart zone’ was launched on Thursday, August 9, 2018. Eight-time Olympic Gold Medal Winner Usain Bolt was in attendance to help fire the starting pistol for...
Though it holds the largest reserves of oil in the world, production levels put it only in the middle of the pack among OPEC member states.
Venezuelan plans to stabilize crude oil production do little to address bottlenecks and the...
Dutch floater specialist SBM Offshore is awaiting the Liza 2 development sanction in Guyana so it can deliver its largest ever capacity FPSO for the ExxonMobil-operated project.
The Company was awarded the Front End Engineering and Design (FEED) study for...
In outlining its proposed plan for managing future petroleum revenues and establishing a fiscal rule and a Sovereign Wealth Fund, the Guyana government through its Ministry of Finance stated in a Green Paper presented to Parliament on Wednesday, how...