The total estimate of recoverable oil and gas in Guyana rose to 11.6 billion barrels, Natural Resources Minister Vickram Bharrat said on Wednesday.
Ten months after Guyana’s first ever bid round yielded six companies for eight offshore oil blocks, government on Wednesday announced that negotiations have concluded and the companies were poised to sign the production sharing agreements (PSAs) and pay the signature bonuses.
Angola’s largest private oil company, Etu Energias, will hold an IPO in 2026, the company’s CEO Edson R. dos Santos stated last Wednesday.
The new licensing round is intended to attract investors into the Liberia hydrocarbon industry and boost investment in the sector.
The U.S. federal government is considering ways of squeezing Iranian oil exports amid heightened Middle East tension following Tehran’s vow to avenge the death of Hamas leader Ismail Haniyeh.
Colombia’s state-controlled oil company Ecopetrol reported a net income for the second quarter that was down by 17.4% compared to the same period of 2023, due to external factors in variable market conditions.
New technology is unlocking new fields – and the wider world is buying, if not the West
Shell has signed a long-term engineering and procurement framework agreement with L&T Technology Services (LTTS), a subsidiary of Indian multinational EPC giant Larsen & Toubro, LTTS announced on Tuesday.
Impact Oil & Gas Limited has announced that its wholly-owned subsidiary, Impact Africa Ltd, has entered into an agreement with Silver Wave Energy to acquire its entire interest (10%) in Area 2, offshore South Africa.
Some stakeholders within the ruling All Progressives Congress (APC), under the aegis of the Tinubu Legacy Coalition (TLC), have called on President Bola Tinubu to remove the heads of the nation’s oil and gas regulatory agencies over alleged failure to effectively manage the sector.