(Offshore) Brazilian oil company Petrobras has declared commerciality of the field in the Libra Northwest area, in the pre-salt of Santos Basin off Brazil, renaming it Mero.
Namely, Petrobras said in its statement last Thursday that it had submitted the declaration...
ExxonMobil announced today a partnership with retailer Grupo Orsan to open eight Mobil-branded service stations this week in Querétaro as part of the company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50 Mobil stations in the Bajio region...
Guyana’s President, David Granger, told those gathered at the United Nations Environment Assembly in Nairobi, Kenya on Monday that people must come before profits in the extractive industry. The Head-of-State also shared a three-pronged approach, geared towards helping small...
Guyana’s Minister of Public Telecommunication, Cathy Hughes, says Information Communication Technology (ICT) has become the main ingredient for development globally and the South American country will be moving to ensure that the ICT sector is prepared for the emerging...
Statoil and partners have delivered to Norwegian authorities a $5.9 billion development plan for their massive Arctic Johan Castberg oil discovery, having halved costs for the project that now has a $35-per-barrel breakeven price.
The development, which Statoil calls the biggest...
British High Commissioner to Guyana, Greg Quinn, believes careful consideration must be given to the establishment of guidelines for the use of local content in the oil & gas industry since measures which are too restrictive can serve to...
The Production Sharing Contract (PSC) was widely introduced in 1993 to address some of the issues faced by the Joint Operating Agreement (JOA) and also to provide a suitable agreement structure for encouraging foreign investment in offshore acreage. Under...
ExxonMobil Guyana Country Manager, Rod Henson says the company would like to look back 10 years from now and see that its presence would have served to help the South American country of 750,000 people.
Guyana will enter the league...
Guyana’s Minister of Natural Resources, Raphael Trotman, says due to the high-investment-high-risk environment of the international petroleum sector, business models maximize efficiency while preserving safety, and as such, efforts must be made to incorporate this culture in skills training...
As Venezuela's financial crisis deepens, President Nicolas Maduro announced on Sunday the creation of a digital cryptocurrency to fight a financial blockade fueled by US sanctions on the Latin American country.
The digital cryptocurrency will be called the Petro and...
