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Total to acquire Maersk Oil

OilNOW -
Maersk Oil will become part of a leading global oil and gas operator with a long-term investment interest in the sector. Total will take over Maersk Oil’s entire organisation, portfolio, obligations and rights with minimal pre-conditions. Planned development schedules...
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Exxon bets on Brazil; buys 10 oil blocks in auction

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(Reuters) - Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning 10 blocks in the country’s 14th round of bidding for oil exploration and production rights, helping the cash-strapped nation fetch a record 3.8 billion reais...
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Exxon adds 22,000 acres to Permian Basin resource

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Exxon Mobil Corporation announced Wednesday that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and...
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Keppel snags FPSO conversion contract for Liza Destiny

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Keppel Shipyard Ltd. has been awarded a contract by Dutch floater specialist SBM Offshore for the conversion of the Floating Production Storage and Offloading vessel (FPSO) which will be deployed to the Liza field, 193km offshore Guyana in 2019. The...
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Guyana to set up portal for oil & gas opportunities

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Guyana’s Ministry of Foreign Affairs will soon establish a portal on its website that will allow persons in the Diaspora to see what opportunities are available to them in the oil and gas sector from ExxonMobil. Speaking during a Diaspora...
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IDB will not support major projects without sound EIA – Executive Director

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Inter-American Development Bank (IDB) Executive Director Jerry Butler says the multilateral financial agency will not support any infrastructural project, including those in the oil and gas sector, in the absence of a comprehensive Environmental Impact Assessment (EIA) study. Butler was...
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Guyana must decide where it wants to be when oil wells run dry – Nigel Hughes

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Founder member and Director of the Guyana Oil & Gas Association (GOGA), Nigel Hughes says serious thought must be given as to where the South American country would like to be by the time oil runs out and the private...
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Supermajor Total in new Option Agreement with Eco for 25% interest in Orinduik Block

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Toronto, Ontario (FSCwire) - Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V:EOG), is pleased to announce that its subsidiary, Eco Atlantic (Guyana) Inc. has entered into an option agreement  on its Orinduik Block, offshore Guyana, with Total E&P...
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Canada sanctions 40 Venezuelans with links to Maduro regime

OilNOW -
Canada has announced sanctions on key figures in the Maduro regime in what the country’s Ministry of Foreign Affairs says is designed to send a clear message to the Venezuelan government that “their anti-democratic behaviour has consequences.” Chrystia Freeland, Minister...
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Oil & gas is not a tsunami; Guyana PM urges positive outlook at opening of business conference

OilNOW -
A two-day conference examining investment opportunities in Guyana’s economy got underway this morning at the Marriott Hotel in Georgetown. Delivering the keynote address, Prime Minister of Guyana, Moses Nagamootoo, said a positive outlook is needed for the emerging oil and...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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