(Reuters) - Chevron Corp (CVX.N) said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime.
Venezuelan Sebin intelligence...
Guyana will be taking on board some of the recommendations made by the International Monetary Fund (IMF) recently with regards the modernizing of its petroleum fiscal regime, taxation structure and Production Sharing Agreements (PSAs).
The International Financial Institution, in 2017,...
Former Prime Minister of Jamaica, Bruce Golding says a number of examples in the region point to mistakes that can be made by oil producing nations and while time will tell how successful Guyana is in avoiding pitfalls, Jamaica,...
Eighteen bidders took part in China National Offshore Oil Corp’s (CNOOC) liquefied natural gas (LNG) auction on the Shanghai Petroleum and Gas Exchange on Wednesday, an official at the state-controlled oil company involved in the sale said.
The 90,000 tonnes...
As debate continues in the South American country of Guyana on the fiscal terms outlined in the Production Sharing Agreement (PSA) with US oil major ExxonMobil, UK-based Wood Mackenzie and Norwegian headquartered research company Rystad Energy say the agreement...
The Government of Guyana on Monday released another Petroleum Agreement, this time for CGX Resources Inc.’s Corentyne offshore concession. Government had a few weeks ago released a similar agreement between itself and CGX Resources Inc. but for their Demerara...
BP has awarded TechnipFMC the engineering design contract for the Tortue/Ahmeyim fields floating production, storage and offloading (FPSO) unit.
TechnipFMC is the same company that has been awarded a contract by ExxonMobil Guyana for the engineering, manufacture and delivery of...
ExxonMobil’s position in the South American country of Guyana spans 11.5 million acres, inclusive of the 6.6 million acres Stabroek Block where more than 3.2 billion barrels of oil have already been found.
The company says this is “equivalent to...
Guyana says it will use a US$20M loan approved by the World Bank for capacity building initiatives ahead of first oil in 2020.These include finalizing critical legislation and the establishment of critical units, such as a Petroleum Revenue Unit...
Guyana’s Minister of Finance, Winston Jordan says none of the US$18M—received as a signing bonus from US oil major ExxonMobil—has been spent, and the sum has in fact earned interest between July 2016 and now since it was placed...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...
