This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver.
According to a Ghana Broadcasting Corporation...
(Rigzone) With Russian President Vladimir Putin elected for another six years to 2024, oil and gas analysts at BMI Research expect Gazprom and Rosneft to strengthen their control of the country’s hydrocarbon resources as the state fortifies its grasp...
Dutch floater specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for the FPSO Liza Destiny that will bring first oil for Guyana.
Under the contract, TMC will provide...
Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has been made yet.
OilNOW was told by Minister of Natural Resources Raphael Trotman that no decision...
Guyana’s Ministry of Natural Resources (MNR) has organised a high-level caucus for Cabinet Ministers to engage global thinkers and experts on natural resource management as part of the Government of Guyana's agenda to prepare for petroleum production in 2020,...
OPEC’s second-biggest producer is ramping up efforts to expand capacity to pump and export oil, with plans that include the injection of seawater into crude deposits and the construction of export facilities on a man-made island in the Persian...
President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in...
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...