(S&P Global Platts) Total expects its deepwater oil and natural gas production to grow by more than 40% to around 500,000 b/d of oil equivalent by 2025 on the back of new projects in offshore Brazilian and Gulf of...
(Argus Media) Brazil's hydrocarbons regulator ANP reduced royalties to 5pc from around 10pc in an effort to boost recovery at qualifying mature fields.
The royalty reduction is contingent on new investment commitments and only applies to those fields that have...
Reuters) - Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, the company said on Monday.
“The Cormorant-1 exploration well in the PEL-37 licence, offshore...
On the heels of nine major discoveries offshore Guyana by ExxonMobil and its partners HESS and CNOOC Nexen and with the recent announcement of a major resource estimation by Eco-Atlantic, former Minister of Natural Resources and the Environment Robert...
Dear Honourable Prime Minister,
Welcome to Guyana! I note your newly-birthed excitement to visit Guyana and to partake in our oil and gas ‘prosperity.’
As someone, who still believes in the potential of the CARICOM project, it is always comforting when...
Debate on a myriad of issues continues in Guyana as the country gears up to become a major oil producer in the region. A former government official is describing as ‘disturbing’, a recent call for the Guyana government to...
French super-major Total has exercised its option to purchase a 25% working interest in the Orinduik block offshore Guyana for USD 12.5 million.
This comes on the heels of partner Eco Atlantic Oil & Gas’ announcement that the block has...
Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...
As offshore exploration activities ramp up across the Guyana-Suriname basin, oil majors are also turning their attention to the opposite side of the Atlantic in a rush to tap into vast reserves.
Bloomberg reports that the world’s biggest companies from Exxon...
Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...