(Reuters) - BP expects benchmark oil prices to weaken in the second half of the year as U.S. shale production surges by up to 1.5 million barrels per day, Chief Financial Officer Brian Gilvary said on Tuesday.
The London-based oil...
(The Wall Street Journal) The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going on spending sprees, even as the prospect of a global oil shortage looms.
Western energy giants...
ExxonMobil Guyana says it recognizes the important role agriculture plays in the South American country and is committed to continuing efforts that would support the growth and development of the sector.
The company was a key sponsor of Uncapped Marketplace...
Two international experts are being provided to Guyana as part of a US$20M oil and gas assistance loan package from the World Bank, in order to help the country develop its Department of Energy.
The country's State Minister, Joseph Harmon...
US oil major ExxonMobil’s unprecedented string of oil discoveries off the Guyana coast has hit a snag with no oil being found at the Sorubim-1 well where the Noble Bob Douglas has been drilling in recent weeks.
Vice President of...
Majority Guyanese-owned port facility – Guyana Shorebase Inc. (GYSB) says it has been maximizing the use of local content in its operations, which is in keeping with a request from ExxonMobil for the company to utilize as much services...
Guyana has begun the preliminary process in order to cycle funds from an US$18M signing bonus received from ExxonMobil in 2016, to defend its border controversy case at the International Court of Justice (ICJ).
The move is documented in a...
In the short time span of around 12 months, a record number of Guyanese companies have registered on the ExxonMobil’s Centre for Local Business Development’s (CLBD) Supplier Registration Portal while more than 1700 persons have benefited from training and...
Chief legal advisor to the Government of Guyana, Attorney General Basil Williams, on Wednesday highlighted the need for the South American country to strengthen its legal framework in anticipation of a spike in investments fueled by the emerging oil...
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the...