Guyana and the Dominican Republic on Tuesday signed a memorandum of understanding to cooperate on recruiting companies to build a 50,000-barrel-per-day refinery in Guyana that would tap the country's oil wealth.Any project would be at least 51% owned by the Dominican Republic government…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
Oil and gas firm Tullow said Wednesday it had received approval from the Government of Gabon for the extension of several of its Gabon licences to 2046.'The license extensions increase the value of Tullow's resource base through the addition of c…
The FPSO being built for the Sangomar development, Senegal's first offshore oil project, is 90% complete and is expected in Senegal in February 2024.The information was shared on X by Senegal's Ministry of Petroleum and Energy, whose delegation…
Norwegian oil and gas company DNO said Wednesday that a fast-track development concept has been agreed for its 2016 Brasse offshore oil and gas discovery in license PL740 offshore Norway.The concept selection paves the way for detailed design…
Egypt's natural gas production fell to a three-year low in the first five months of 2023, figures from the Joint Organisations Data Initiative (JODI) show, raising questions about the country's efforts to position itself as a regional energy hub…
Goldman Sachs' global head of commodities research Jeff Currie, a prominent analyst who accurately predicted a surge in commodity prices in the 2000s, is retiring, according to a memo seen by Reuters. Currie is leaving after 27 years. His departure…
Saudi Aramco's CEO Amin Nasser said on Monday that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.Saudi…
Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil.The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”)…
Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
Romanian National Agency for Mineral Resources has endorsed the Development Plan for OMV Petrom's Domino and Pelican South commercial natural gas fields in the Neptun Deep offshore block in the Black Sea.'Consequently, the Neptun Deep project enters the development phase…
Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…
Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil.Yinson acquired the FPSO through the acquisition of AFPS B…
Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook…
Oil prices were steady on Friday, but on track for a fifth straight week of gains, with investors optimistic, healthy demand and supply cuts will keep prices buoyant.Risk appetite in wider financial markets has been fuelled by growing expectations…
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