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Monthly Archives: February 2018

Oil and gas spending in Canada set to fall 4th year in a row

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Statistics Canada says capital spending to extract oil and gas will fall for a fourth straight year in 2018. The federal agency says a survey of investment intentions...

ExxonMobil confirms 7th oil discovery; expects 500,000 barrels per day total production

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Exxon Mobil Corporation confirmed on Wednesday a 7th oil discovery off the Guyana coast at its Pacora-1 well. The company said it encountered approximately 65...

Guyana establishing new Energy Department

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The Guyana Government will be establishing a Department of Energy within the next few months. This announcement was made by the South American nation’s...

Exxon strikes oil again offshore Guyana in 7th discovery

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ExxonMobil has made its 7th oil discovery offshore the South American country of Guyana at the Pacora well, located approximately 4 miles from the...

Government to release Petroleum Agreement for Ratio Guyana Limited tomorrow

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OilNOW can confirm that the Government will on Wednesday February 28, 2018 release the Petroleum Agreement between itself and the principals of Ratio Guyana...

SBM Offshore in search of wide-ranging services for Guyana operations

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As work on the Liza Destiny FPSO moves into high gear in Singapore, SBM offshore is ramping up its preparations for the arrival and...

Oil talks expected during Mexican foreign minister’s visit to Jamaica

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(Jamaica Gleaner) A trip by Mexico’s foreign minister to Jamaica next month is being positioned by foreign media as the latest development in US-led pressure...

Venezuelan oil production could further collapse on new U.S. sanctions

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(Oil Price) If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial...

Ramblings from an oil and gas conference and trade show junkie

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My recent attendance at GIPEX 2018 prompts my column today and what a conference it was!  But more on that conference later. Oil and Gas...

ExxonMobil shuts PNG gas conditioning plant to assess quake damage

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(Reuters) - ExxonMobil Corp said it shut its Hides gas conditioning plant in Papua New Guinea after a powerful 7.5 magnitude earthquake hit the...