News

GIPEX postponed: organizers eyeing Q3 2019

The Guyana International Petroleum Exhibition (GIPEX), originally scheduled to be held in March 2019, has been postponed to the 3rd quarter of the year. The inaugural event, held from February 7 to 9, 2018, at the Guyana Marriott Hotel, was...

Total pulls staff out of Venezuela after US sanctions

(AFP) French oil and gas firm Total has evacuated its staff from Venezuela where its accounts have been blocked due to US sanctions, the company's chief executive said Thursday. "The accounts are blocked thanks to US decisions," CEO Patrick Pouyanne...

Total makes significant gas discovery off South Africa

Total Petroleum is reporting that it has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. In a release on Thursday, Total...

ExxonMobil gunning for more oil at Yellowtail as Guyana foray continues

Twelve discoveries and more than 5 billion barrels of oil later, US oil major ExxonMobil’s story in Guyana is still being written and analysts believe that more oil lay in the chapters ahead. Fresh off of its 11th and 12th...

Lifetime engagement in Guyana means talking to everyone – ExxonMobil CEO

Just a few days before US oil major ExxonMobil announced its 11th and 12th discoveries offshore Guyana, Chairman and CEO Darren Woods made an appearance on a quarterly earnings call where he expressed full confidence in the advancement of the...

ExxonMobil strikes oil again offshore Guyana in 11th and 12th discoveries

US oil major ExxonMobil has once again struck oil offshore the South American country of Guyana, this time at the Tilapia-1 and Haimara-1 wells, making it the company’s 11th and 12th  discoveries in the Stabroek Block. Director of the Department...

TechnipFMC awarded large EPCI contract for Petrobras Mero 1 pre-salt field in Brazil

TechnipFMC (NYSE: FTI) (PARIS: FTI) said on Wednesday it has been awarded a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore...

Venezuela crisis: Major global powers ordered to stop trading oil and gold assets with Maduro

A coalition group of Latin American countries and Canada has urged the Venezuelan military to sever ties with President Nicolas Maduro, CNBC said in a report on Tuesday. It comes at a time when political tensions in Venezuela are reaching boiling point, with the oil-rich,...

TT’s position on Venezuela bad for Dragon Gas deal – Persad-Bissessar

Former Prime Minister of Trinidad and Tobago and current Opposition Leader Kamla Persad-Bissessar says that government’s support for embattled leader of Venezuela Nicolas Maduro could jeopardise the recently signed Dragon Gas deal. Through this arrangement, it was envisaged that natural...

Bloomberg: Tiny Guyana could soon pump more oil than OPEC member Venezuela

Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years, Bloomberg said in report on Monday. While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s...

Latest News

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth 

Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to...