Via Merco Press, a report on massive investments in Guyana’s oil and gas industry by Exxon-Mobil Exxon Mobil is investing heavily off the coast of Guyana expecting future production of some 1,2 million barrels per day of oil and gas by 2027. According to the company the fourth oil project production off Guyana will receive […]
Read more »Via Oil and Gas Daily, a report on a planned large investment in Uganda’s oil sector: Chinese and French oil giants finally sealed a $10-billion deal Tuesday to unlock Uganda’s energy resources and build a vast regional oil pipeline, a mega-project that has incensed environmental groups. The so-called Final Investment Decision should pave the way […]
Read more »Via Oil and Gas Daily, a report on a recently announced Sino-French African pipeline deal: French green groups on Monday denounced a newly inked multi-national accord to build a massive crude oil pipeline in East Africa, warning of huge environmental risks. The Ugandan and Tanzanian governments joined oil companies Total of France and China’s CNOOC […]
Read more »Courtesy of The Washington Post, a report on how China’s growing appetite for energy has led it into the messy politics and tensions of Sudan. As the article notes: At a restaurant along the River Nile offering crocodile and ostrich meat, officials of the world’s newest — and desperately destitute — nation hosted a lunch […]
Read more »Courtesy of The Financial Times, an interesting look at how China’s oil groups are ready for more deals: Sinopec reported a 12 per cent rise in net profit, to Rmb41bn, in the first half of the year, beating analysts’ expectations Solid first-half profits at China’s state-owned oil companies have paved the way for further […]
Read more »Via Fortune, a report on increasing size and impact of China’s NOCs: “…You know the major players in big oil — Shell (RDSA), Exxon Mobil (XOM, Fortune 500), BP (BP), Chevron (CVX, Fortune 500) and a handful of other fuel goliaths. Soon though, it might be time to add China to that list. The country’s […]
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