On Monday BP announced a major gas discovery, Orca-1, off the coast of Mauritania, which Rystad Energy says is the deepest and largest discovery so far this year. The Norway-based energy research and business intelligence company estimates Orca-1 holds...
With just over 750,000 people, Guyana – South America’s newest petroleum hotspot – will begin producing oil within months and with over 6 billion barrels already discovered, revenue from production could profoundly transform the small nation. But the country...
CNOOC Ltd, the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing’s push to boost oil and gas exploration and production.
Reuters reported that...
As Guyana prepares for oil production in a matter of months, focus is continuing to be placed on the attractive Guyana-Suriname Basin, with the convening of the One Basin Three Countries Energy Conference for the Guianas which gets underway...
THE GATEWAY TO A GOLDEN FUTURE
GIPEX 2019 will provide immense opportunities for companies across North and South America, Europe, Africa and Asia. Many well-established companies from the oil & gas sector have already shown their interest and made their...
SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...
Australian based petroleum company BHP said on Thursday it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago.
The company drilled two additional exploration wells at its...
President of Guyana David Granger on Wednesday said that the South American country is keen on cooperating with Qatar not only on building oil and gas capacity but also on realising trade and education opportunities.
The president was at the...
Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1.
Oil and gas companies have discovered 7.7...
Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary data for the third quarter of 2019.
Venting is gas release without...
The partnership between the Iwokrama International Centre for Rainforest Conservation and Development and ExxonMobil Guyana is delivering measurable results...
