(S&P Global Platts) Shell pledged Tuesday to continue growing its oil and gas production over the coming decade by spending more developing its shale assets while holding output steady from deepwater and conventional upstream projects, despite escalating climate concerns...
Kosmos Energy (NYSE: KOS) (LSE: KOS) announced on Tuesday an oil discovery at Gladden Deep in the US Gulf of Mexico (GOM) where the company has a 20% working interest. Gladden Deep is a sub-sea tie back which is expected...
Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block.
Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...
(Bloomberg) Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change.
Chevron executives have been telling local staff that the company expects...
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said the sustainable development of Guyana’s hydrocarbon discoveries and the revenues it will generate have the potential to place the country on a sustainable development pathway. According to a...
Guyana’s energy sector includes the largest monopolies in the economy – in electricity and gas. The oil industry will be dominated by a few very large firms. The existence and apparent inevitability of monopoly have proved a motive for...
As more stakeholders continue to speak out regarding an apparent investigation being conducted by an anti-corruption agency in Guyana over the award of oil blocks in the lead up to the 2015 national elections, two partners in the Canje...
Guyana’s former President, Donald Ramotar, who held direct responsibility for petroleum at the time offshore oil blocks, which are currently the subject of an anti-corruption probe, were awarded, is calling the investigation a political ploy designed to distract from...
Guyana’s Department of Energy (DE) says it stands firmly by the deadline of June 2019 for the finalization of a local content policy framework, which will serve to ensure the people of Guyana benefit from the multi-billion barrel petroleum...
Dutch engineering firm Fugro, which has partnered with Guyanese firm Ground Structures Engineering Consultants Inc., has purchased a new vessel which they will use to conduct hydrographic surveys along Guyana’s coast.
Marine Operations Manager for Fugro Guyana, Doug Chapman, gave...
