Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
(Reuters) - Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world's largest publicly listed oil company to review its portfolio, people familiar with the matter said...
(RNZ) A New Zealand-owned oil and gas company that missed out on an oil exploration permit is suing the government for breach of procedure.
Greymouth Gas Turangi missed out on a permit in last year's offer, and now wants its...
Following the recent Hammerhead-1 discovery by ExxonMobil in the Stabroek block in Guyana, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offered his view on the impact this could have on the upstream...
Although 2017 was yet another record low year for discovered conventional oil volumes globally, Guyana was among the top three countries where recoverable resources were found.
“We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior...
Among the top priorities for recently appointed Head of the Government’s Energy Department, Dr. Mark Bynoe is “reducing revenue leakage” or the unnoticed or unintended loss of revenue.
Dr. Bynoe was appointed to lead the department which was set up...
Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration in South America.
According to a report in the Petroleum Economist, analysts say that while the...
China’s CNOOC which owns a 25 percent interest in the Stabroek Block offshore Guyana is considering selling parts of its U.S. oil assets in the Gulf of Mexico, Reuters reported a company spokesperson as saying on Thursday. The spokesperson...
Guyana’s Opposition Leader, Bharrat Jagdeo, had suggested that the Government should consider hiring external experts to audit the pre-production cost incurred by ExxonMobil in its operations offshore, particularly since the Guyana Revenue Authority (GRA) is already overburdened with work.
In...
Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development.
Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...