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Monthly Archives: April 2019

Hess doesn’t expect court ruling on no confidence vote to affect Guyana operations

Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court...

BP profits fall on oil-price volatility

(Market Watch) BP PLC said Tuesday its profit dropped by 12% in the first quarter due to a weaker oil price environment at the...

Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5...

U.S. SEC freezes assets over suspected insider trading in Anadarko

(Reuters) - The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp...

New wells drilled to the moon and back by 2023

Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years. The Norway-based...

Iran sees oil above $100/b, repeats threat of Strait of Hormuz closing

(S&P Global Platts) Tehran — A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country's oil shipments...

Persad-Bissessar plans to leverage TT’s O&G expertise for jobs in Guyana’s emerging industry

Trinidad and Tobago’s (TT) Opposition Leader, Kamla Persad-Bissessar is promising to create 50,000 jobs if re-elected Prime Minister in the twin island republic. Some...

CGX looking for ‘new dawn’ in Guyana oil and gas hotspot

CGX Energy is looking to have its joint venture with Frontera Energy Corporation provide working capital for the company's ongoing commitments on its Berbice, Corentyne...

Management of resource income spending for Guyana

Countries making resource discoveries often find themselves facing a number of important and difficult decisions. One such decision regards whether to set up a...

Gunmen kidnap Shell employees, kill police guards in Nigeria

Gunmen have kidnapped two senior employees of Shell and killed their police escorts in Nigeria's restive Delta region. According to a BBC report, the workers...