The first recorded uses of oil: 3,000 BC
We are not the first people in history to exploit oil as a resource. Some of the earliest civilisations relied heavily on oil.
Crude oil that had bubbled to the surface was used...
Canadian consultant Rob Strong of Newfoundland Canada has expressed his appreciation for the work that Bobby Gossai Jr. has done for the Guyana Oil and Gas Association (GOGA). Gossai, GOGA’s former Chief Executive Officer, recently announced his decision to...
Eco (Atlantic) Oil & Gas had announced in June that the company along with its partner, Tullow Oil, was pursuing “significant reservoir leads” on the Orinduik Block offshore Guyana. OilNOW has since been able to confirm that these leads...
Eco (Atlantic) Oil & Gas Ltd. says it is wrapping up a 2,550 km2 3D seismic survey on the 1,800km2 Orinduik Block offshore Guyana, together with its Operating Partner, Tullow Oil plc.
The oil junior had announced the commencement of the survey...
An estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas could lie in the Guyana-Suriname Basin, making it the 2nd most prospective, underexplored offshore oil basins in the world, according to the United States...
(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business.
The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit".
Shareholder...
ACCRA (Reuters) - Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea due to begin on Monday, his office said.
Though an...
(Reuters) Total is buying Maersk Oil in a $7.45 billion deal which the French oil major said would boost its earnings and cash flow, and bolster its dividend prospects.
Danish company A.P. Moller-Maersk is selling its Maersk Oil division to Total to focus...
The Georgetown Chamber of Commerce and Industry (GCCI) is looking to work closely with ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana, as part of its push to build capacity across the private sector for the oil and...
Among the options Guyana should consider in preparation for its emerging oil and gas industry is the development of prescriptive and outcome-based frameworks, which, according to a consultant on regulation and standards in the industry, will outline clearly how...
