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Total closes $1.95bn Brazil pre-salt deal with Petrobras

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Brazilian oil and gas corporation Petrobras and international oil major Total announced Monday that they have reached a milestone in the realization of their Strategic Alliance, signed in March 2017, with the transfer from Petrobras to Total of 35%...
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Tullow Oil tiptoes back into exploration

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(Reuters) - Tullow Oil is cautiously reviving its search for new oil and gas resources in Africa and Latin America, its chief executive said, warning that the sector will need to walk a thin line to balance spending discipline...
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Maduro urges Latin American states to join oil & gold-backed cryptocurrency project

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(RT) Venezuela’s leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the country’s oil, gas, gold and diamond riches. “I have a...
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China’s CNPC looking for new gas sources in Myanmar

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(Reuters) A subsidiary of China National Petroleum Corp. (CNPC), the country’s largest oil producer, is looking for new sources of natural gas in Myanmar to feed a pipeline between the two nations, the China Daily reported on Jan. 12. CNPC Southeast Asia...
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Conservation Int’l urges Guyana to use oil resources to fund ‘Green State Strategy’

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Guyana is being urged to use revenue that will be earned from oil production to fund the realization of its ‘Green State Development Strategy’ as part of the diversification of the country’s economic base, in order to avoid having...
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Shell Brazil CEO optimistic about Brazil’s E&P future

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(Hart Energy) For Royal Dutch Shell, 2017 was a good year in terms of E&P activities in Brazil. Ranking as the second largest oil-producing company in Brazil, after acquiring BG Group’s assets in the country, the British-Dutch major increased...
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Stabroek Block: Exploration Highlights

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ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
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Liza Phase 2 could push Guyana total oil production to 340,000 bpd by 2022

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US oil major ExxonMobil has confirmed that a process is underway that could see a Liza Phase 2 development getting underway as early as 2022. This combined with Liza Phase 1 production, set to come on stream in 2020,...
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CGX Energy CEO quits, Narine to act as Executive Chairman

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Canadian-based oil and gas exploration company CGX Energy has accepted the resignation of its Chief Executive Officer. CGX Energy, focused on the exploration of oil in the Guyana-Suriname Basin, said on Wednesday it accepted the resignation of CEO Dewi Jones, effective January 8, 2018. Dewi Jones,...
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Tullow picks up 6 new licences offshore Peru; eyes drilling in 2019

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Tullow today announced that it has agreed on terms to add six new licences covering 28,000 sq km, offshore Peru, South America, to its portfolio. “The Group has concluded negotiations with Perupetro and agreed to acquire a 100% stake in...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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