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New Zealand gov’t introduces bill to halt new offshore oil exploration

(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits. Prime Minister Jacinda...

NIS rakes in over $24M in benefits from Oil and Gas sector in 2018

Guyana’s largest pension fund and health insurance body; the National Insurance Scheme (NIS), has begun targeting companies registering in the emerging petroleum sector to ensure that employees’ benefits are being paid. At the agency’s 49th Anniversary ceremony on Friday, September...

Repsol to place increased emphasis on natural gas – Chairman

Chairman of Repsol Antonio Brufau said the Spanish major is placing increased emphasis on natural gas as a “big pillar” in its overall strategy, since the commodity will best allow the company to meet the four key energy objectives...

Eco-Atlantic encouraged by ExxonMobil’s 9th discovery close to its block offshore Guyana

Eco-Atlantic Oil & Gas said it is encouraged by the latest ExxonMobil oil discovery at Hammerhead-1 in the Stabroek Block offshore Guyana. Hammerhead-1 is said to be located seven kilometres from the boundary with the Orinduik block, where Eco...

Rigzone: Report envisions 30,000 new offshore Brazil jobs

Wood Mackenzie contends that Brazil's mature Campos basin oil fields could produce an extra 230,000 boepd with the right investment, reports Rigzone. Spending $8 billion to redevelop the mature oil fields in Brazil’s Campos basin rather than incurring that amount in decommissioning...

Angola sets up new National Oil & Gas Agency

With aim of reducing control of country’s NOC and curbing conflicts of interest With a view to eliminating conflicts of interest and wresting power from its National Oil Company, Angola has created a new agency to manage its oil and...

CNOOC H1 profit rises as oil and gas sales increase by 20.5%

CNOOC Limited on Thursday announced its 2018 interim results for the six months ended June 30, 2018. In the first half of the year, the Company maintained efficient oil and gas production operations with progress and successfully achieved its target. The...

Nigeria leans on 200,000 b/d offshore Egina project to spur oil output

Nigeria is banking on the 200,000 b/d offshore Egina project to boost its production by over 10%, as the Total-operated field is expected to come online later this year, S&P Global Platts said in a report on Monday. Nigerian oil...

United Oil & Gas says 3D data acquired off Jamaica coast “encouraging”

UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...

Strategic Recruitment Solutions – sourcing skills for the oil and gas industry

What's the best way to get a great job in the rapidly emerging oil and gas sector? If you’re up-to-date on current business trends, your best bet might be to sign up with Strategic Recruitment Solutions (SRS); a 100%-owned Guyanese...

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Avalon Gold proposes US$1.44B investment, 900 long-term jobs to advance OMAI gold project

Avalon Gold Exploration Inc. has completed a Preliminary Economic Assessment (PEA) for the Omai Gold Project in Guyana, outlining...