Showing results for:

Total to expand oil and gas activities in Angola

Total SA (FP.FR) said on Monday that it has signed several agreements with Angola's national oil company Sonangol, covering oil-and-gas exploration, production, refining and processing activities in the country. Following the agreements, Total and Sonangol will jointly restart deep offshore...

Petroleum Act, scientific institute and offshore logistics base among top priorities for 2018 – Trotman

Guyana will be looking to ramp up its preparation for first oil in 2018 with a number of key initiatives being placed on the front burner according to the country’s Minister of Natural Resources, Raphael Trotman. Speaking at a symposium...

Total Chief would review Iran gas deal if new sanctions arose

French oil and gas major Total would have to review its Iran gas project if the U.S. decided to impose unilateral sanctions on Tehran, given the company’s assets in the U.S. market, its chief executive told CNN. The oil major...

World’s biggest wealth fund wants out of oil & gas

(Bloomberg) The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks. Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to...

Brazil Faces Offshore Oil Dilemma

(4-Traders) In a few months, Brazil's federal government will start receiving crude oil from a huge field, known as Libra, off the coast of Rio de Janeiro. But the government has no tanker ships to unload oil from the...

O&G manpower provider farms into offshore catering

Oil and gas manpower services provider El Dorado Offshore (EDO) is collaborating with the Carnegie School of Home Economics in Guyana, for the creation of a training programme in Offshore Catering and Hospitality. Sixteen candidates, between the ages of 19...

SBM Offshore hit with rising bill for corruption cases

Dutch floater specialist, SBM Offshore, the same company contracted by ExxonMobil affiliate Esso Exploration & Production Guyana Limited to build an FPSO, has been caught up in corruption cases in Brazil that are now proving to be costly. The company...

PEMEX makes largest onshore discovery in 15 years

On Friday November 3, Enrique Peña Nieto, President of Mexico, announced the discovery of an important reservoir with excellent quality light-crude oil and gas, said to be the most important onshore discovery made by Petróleos Mexicanos (PEMEX) in the...

TechnipFMC awarded subsea contract for gas project in Malaysia

TechnipFMC (NYSE: FTI) and (PARIS: FTI) has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia, at a water depth of approximately...

Regulator cuts UK oil and gas estimates

(BBC) The oil and gas offshore industry regulator has reduced its estimates of the amount of known oil and gas left under UK waters. The amount in known reserves and capable of extraction has dropped from 6.3 billion barrels to...

Latest News

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...