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Monthly Archives: July 2020

Venezuela supreme court approves extradition request to Italy for ex-oil czar

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(Reuters) - Venezuela’s supreme court said on Friday it had approved a request to Italy for the extradition of Rafael Ramirez, a once powerful...

Offshore drilling company Noble Corp. files for bankruptcy

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Noble Corporation plc announced on Friday that it has entered into a restructuring support agreement with two ad hoc groups of the largest holders...

Exxon, Chevron earnings gutted by virus-driven demand slump

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(Bloomberg) Exxon Mobil Corp. and Chevron Corp. posted the worst losses in a generation after the pandemic and a global crude glut combined to batter...

New study reaffirms Stabroek block’s fiscal terms in line with countries sharing similar characteristics

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In its most recent report on Guyana, oil and gas industry analyst Wood Mackenzie says the Stabroek block fiscal terms ranks well compared to...

Stabroek block consortium looking to move forward expeditiously with Payara once Guyana elections impasse...

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The Stabroek block consortium is looking to move ahead expeditiously with the third development offshore Guyana at Payara once the elections impasse in the...

Guyana’s first EITI validation set to commence in October

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Even as Guyana prepares for the compilation and publication of its second Extractive Industries Transparency Initiative (EITI) Report for fiscal year 2018, the country is...

Apache’s Q2 loss narrower than expected, sales top

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(Nasdaq) Apache Corporation reported second-quarter 2020 loss per share — excluding one-time items — of 74 cents, narrower than the Zacks Consensus Estimate of...

ConocoPhillips posts wider-than-expected loss on oil price plunge

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(Reuters) - ConocoPhillips reported a wider-than-expected loss on Thursday, as the oil and gas producer was hit by a plunge in crude prices due...

75% of Stabroek block expected resources still to be developed – WoodMac

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The volume of revenue flows to Guyana and the Stabroek block consortium is dependent on the timely development of oil resources, 75% of which...

Stena Carron to spud Tanager-1 at Kaieteur block

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The Stena Carron drill ship is set to spud the first well on the 3.3 million acres Kaieteur block as operator, ExxonMobil, expands its...