News

Setting up oil refinery in Guyana not feasible – Haas

Setting up an oil refinery in Guyana will not be economically viable based on a detailed study carried out to look into the matter. Pedro Haas, Director of Advisory Services at Hartree Partners, made the disclosure today at a public...

Advisor on oil refinery arrives in Guyana to present findings

Pedro Haas, Director of Advisory Services at Hartree Partners, arrived in Guyana early this morning on Caribbean Airlines Flight 527. Mr. Hass touched down at the Cheddie Jagan International Airport (CJIA) at 6:40hrs, ahead of a scheduled 7:05hrs landing. All...

Shell reports more than 300% increase in earnings for 1st quarter

Shell has posted a more than 300 per cent rise in profits for the first quarter of the year, beating analysts' forecasts, helped by a sharp recovery in oil prices. Europe’s largest oil company said that based on a current...

TechnipFMC opens new facility in Texas

TechnipFMC has opened a new facility in Odessa, Texas which will bring together its surface product and service lines in one consolidated complex so that the company can better support the Surface Americas’ integrated pad offering to clients. The facility...

Surge in oil-related investments expected in Guyana this year

Investment in oil-related activities and business ventures in Guyana is expected to surge in 2017 as offshore operators and other players in the industry ramp up preparations for first oil production in the South American country. Already, a number of...

Tullow Oil director appointed to Providence board

Irish oil and gas exploration company Providence Resources has appointed a new non-executive director to its board of directors with effect from June 1, 2017. Providence said on Monday that the exploration director and main board director of Tullow Oil,...

Oil prices projected to hit $60-$80 per barrel by 2020

There is clear consensus that oil prices will be in the $50-60 per barrel range this year, and within the $60-80 per barrel range in 2020, according to a new survey from Wood Mackenzie. This projection bodes well for the...

Tullow working up drilling prospects offshore Guyana, Uruguay

Tullow Oil is stepping up exploration of frontier basins offshore South America and West Africa. The company’s New Ventures team has completed a 2D seismic survey off Jamaica and a 3D survey offshore Uruguay, Offshore reports. Tullow will use the Uruguay...

Guyana must guard against over-dependence on oil and gas revenues – Mexican academic

Guyana must be mindful of over-dependence on its newly discovered and soon to be extracted oil and gas resources if it is to guard against the dreaded resource curse, said a Mexican academic. Speaking at last Wednesday’s Turkeyen and Tain...

Repsol discovers massive oil field in Alaska

Spanish oil company Repsol SA has discovered a giant oil field in Alaska, a potential find big enough to help stem production declines in the state. Repsol said two wells drilled this winter with Denver-based partner Armstrong Oil & Gas,...

Latest News

Drilling at Hammerhead-4 to reinforce confidence in project design – Routledge

ExxonMobil is drilling the Hammerhead-4 appraisal well offshore Guyana, ahead of its Hammerhead development project, which aims to produce oil from...