Business operators in Guyana eager to get involved in the country’s emerging oil and gas sector will soon benefit from the input of a local content specialist.
OilNOW understands the Guyana government is hiring the expert based on the completion...
BP Trinidad & Tobago (bpTT) announced Friday that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad. The results of these wells have unlocked approximately 2 trillion cubic feet (tcf) of gas...
Saipem, the same company that was earlier this year awarded a subsea contract by ExxonMobil for its Liza project offshore Guyana, has recently entered agreements to the value $230M for other offshore drilling activities in the Mediterranean, Black Sea...
Reports surfaced last week that US energy company, Chevron was winding down its operations in Trinidad and Tobago. The company has entered an agreement to sell all its shares in Chevron Trinidad and Tobago Resources (CTTR) to Shell’s BG...
Now that Guyana is headed for a windfall with the Liza field production set to begin in 2020, it is more important than ever for the South American nation to become a part of the Extractive Industries Transparency Initiative...
A race to the bottom in oil prices may not have many winners, but Russia is certain it can survive. It’s less sure about hedge funds.
“We’re actually ready to live forever with the oil price at $40 or below,”...
Chevron has entered into an agreement to sell all of its shares in Chevron Trinidad and Tobago Resources (CTTR) to Shell’s BG, and all of its interest in Trinling, an LNG marketing and transportation company, to Shell’s BG Gas.
According...
Brent oil fell below $50 today, as concerns about the impact U.S. President Donald Trump's decision to exit the Paris climate agreement could have on drilling in the United States. Analysts believe Trumps decision could result in an increase...
Guyana will be earning a 2% royalty on gross earnings from the Liza oil field production.
This will come, along with a 50/50 Production Sharing Arrangement, in which Guyana earns half of the ‘profit oil’ revenue while the other half...
Guyana’s Minister of Natural Resources Raphael Trotman said today that government is in the process of finalising ExxonMobil’s production license and will be “making some pronouncements in the next few weeks.”
Mr. Trotman made the announcement to stakeholders at...
