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Monthly Archives: September 2017

Sanctions and the oil industry in Venezuela

Given the recent sanctions on Venezuela from Trump’s administration, the Latin American country is expected to declare bankruptcy, according to Breitbart News. However, it...

Liza Destiny has potential for significant long-term local content – Exxon Country Manager

Operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel will potentially provide the highest sustainable long-term employment opportunities for Guyanese over...

ANALYSIS: Non-OPEC production decline rates – lower for longer

As the lower-for-longer market lingers, non-OPEC oil field decline rates remain stable. With the price collapse ultimately cutting 50% of investment in producing fields...

Chevron names Michael Wirth as Chairman & CEO

Chevron Corporation announced Thursday that its Board of Directors elected Michael K. Wirth Chairman of the Board and Chief Executive Officer, effective February 1,...

TechnipFMC awarded EPCI contract for Statoil Peregrino Phase II project

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Norwegian multinational oil and gas company, Statoil. It covers the execution of the...

Keppel delivers 5th FPSO for MODEC; to be deployed offshore Brazil

Keppel Offshore & Marine's wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a...

How does an oil and gas company measure and state its production?

Oil and gas exploration and production companies, or E&P companies, use three basic formats for measuring and reporting oil and gas production: (1) Oil production...

Economist urges Guyana not to use oil money for “make-work jobs”

Trinidadian Economist, Dr. Roger Hosein, is urging Guyana not to use oil revenue to create “make-work jobs” especially at elections time when politicians look...

Total to acquire Maersk Oil

Maersk Oil will become part of a leading global oil and gas operator with a long-term investment interest in the sector. Total will take...

Exxon bets on Brazil; buys 10 oil blocks in auction

(Reuters) - Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning 10 blocks in the country’s 14th round of bidding for...