Twenty-six young people will be introduced to the functioning of the Petroleum industry and its basic operations through the Ministry of Natural Resources’ (MNR) 2018 Youth Apprenticeship Programme which was launched on Monday, August 06, 2018 at the Pegasus...
Italian oil and gas industry contractor, Saipem, has been awarded a front-end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda.
According to Oil Review Africa, the award was made by the Albertine Graben Refinery...
Many companies talk about their plans to support the UN’s Sustainable Development Goal 8 (SDG8), meant to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
But Saipem, a global leader in drilling...
Guyana leads the top five countries in the world in terms of total discovered resources added in the first half of 2018, followed by the United States, Cyprus, Oman and Norway…
Global discoveries of conventional oil and natural gas are seeing an exciting recovery...
Exxon Mobil Corporation announced on Friday, July 27, its estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Guyana continues to play a key role in pushing the company’s...
In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil...
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the...
UK-based Tullow Oil has recorded revenue of $905 million; gross profit of $521 million; post-tax profit of $55 million and free cash flow of $401 million for the six months ended 30 June 2018.
The company, in announcing its 2018...
ExxonMobil is forging ahead with its exploration and appraisal drilling programme offshore Guyana with new prospects in its crosshairs and plans to further assess proven oil fields. As the US oil major updated its total estimated recoverable reserves for...
US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...