Tullow says investors “frustrated” with low oil quality in Guyana licenses
UK Exploration and Production Company, Tullow Oil, has received reports of frustration from its investors as it relates to low oil quality discoveries in...
Guyana luckily locked in US$55/bl deal with Shell before oil price crash
Much to Guyana’s fortune, it was able to sell one million barrels of oil from the Liza Phase One Project to Shell Western Supply...
Contingency plans in place to slow down drilling activities in coming weeks – ExxonMobil’s...
As it continues the evaluation of plans for budget cuts and “work-from-home” arrangements in response to the novel Coronavirus, ExxonMobil has assured that there...
APNU+AFC’s Green State Development Strategy a well-intentioned, constructive starting point for maximising oil benefits-WoodMacKenzie
Irrespective of who emerges the winner at the 2020 General and Regional Elections , one thing is certain, the Green State Development Strategy: Vision...
Venezuela to Close Pumps as Gas Runs Short, Viral Outbreak Grows
(Bloomberg) - Venezuela’s government is shutting fuel stations nationwide to ration dwindling gasoline inventories as a quarantine designed to stop the coronavirus paralyzes the...
CNOOC charters New Melody tanker for its first million barrels of sweet, light Liza...
By March 24, Chinese state oil company CNOOC/NEXEN will lift one million barrels of sweet, light crude from the Stabroek Block’s Liza Phase One...
Oil falls 24% in 3rd worst day on record, sinks to more than 18-year...
(CNBC) - Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and...
Hess shaves off $800 million of its budget for 2020
(OFFSHORE ENERGY TODAY) - In light of the current low oil price environment and market volatility, U.S. oil and gas company Hess Corporation has...
Delivery of Liza Unity FPSO from shipyard in China remains on schedule despite coronavirus...
Liza Unity, the second Floating Production Storage and Offloading (FPSO) for the Stabroek Block, remains on schedule with planned start up in early 2022...
All offshore operators to submit EIAs for entire block -Dr. Adams
In the past, any operator desirous of developing a commercial discovery would have to prepare an Environmental Impact Assessment (EIA) for the Environmental Protection...
