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Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project

OilPrice

ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Russia Set to Resume Oil & Gas Operations in Iraqi Kurdistan 

OilPrice

Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. This encompassed the KRI, much of the rest of Iraq under the control of its Federal Government

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Tanzania Plans to Launch Its First Oil and Gas Bid Round in Over a Decade

OilPrice

Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.

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IEA: The world needs upstream oil and gas investment

Oil & Gas 360º

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. Atkinson authored a report in partnership with Mark P.

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Egypt's Ambitious Oil and Gas Plans

OilPrice

Oil-rich Egypt has big plans for the future of its fossil fuel development with several major new auctions and investments planned for the North African country. Egypt is a major African fossil fuel producer, the second-largest non-OPEC producer of liquid fuels after Angola. It was also the second-largest producer of

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UK Oil & Gas: Too Legit to Quit, Even for Labour

OilPrice

When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. In early February, a Scottish court ruled the previous governments approval of two new oil and gas projects in the North Sea unlawful.

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Africa’s Oil and Gas Investment to Hit $43 Billion in 2025

OilPrice

Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report.

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