Thursday, October 28, 2021

News

Oil spikes as US inventories tumble

West Texas Intermediate crude oil traded up 1.6% at $46.94 a barrel after weekly US Energy Information Administration inventory data showed a bigger drawdown than expected. US inventories fell by 5.25 million barrels during the week ended May 5. Economists were anticipating a...

British investors signal interest in Guyana oil and gas sector

During a recent state visit by Guyanese officials to the United Kingdom, British investors signalled their intention to invest in Guyana’s oil and gas sector. Late April, First Vice President and Minister of Foreign Affairs, Carl Greenidge accompanied Guyana's...

Guyanese can register business interest with ExxonMobil online

Guyanese business operators looking to provide services in the oil and gas supply chain are being urged to register their interest via an online portal open to the public. Esso Exploration and Production Guyana Limited (EEPGL) has established a supplier...

Guyana remains cautious against falling oil prices, expectations

As excitement among Guyanese continue to rise about the prospect of the country becoming a major oil producer, the government is encouraging an atmosphere of cautious optimism in face of falling oil prices and global oversupply of the commodities...

Exxon awards EPCI contract to Saipem for Liza development

ExxonMobil has awarded a new Engineering, Procuring, Construction and Installation (EPCI) contract to Saipem for the Subsea Umbilicals Risers Flowlines (SURF) package of the proposed Liza project that Esso Exploration and Production Guyana Limited is operating together with joint...

Venezuela braces for possible U.S. oil sanctions

(Bloomberg) -- Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-government protests in the past month. American drivers may...

BREAKING: Guyana appoints Deputy Director for new Petroleum Department

Guyana’s Ministry of Natural Resources; the agency responsible for the country’s extractive sector, has commenced filling vacancies for the Petroleum Department within the Ministry, with the appointment of a Deputy Director in the person of Mr. Nicholas Chuck-A-Sang. OilNOW learnt...

Guyanese legislators to consider Commission to collect oil revenues

Guyana today moved one step closer to tightening its legislative regime governing the oil and gas sector, when Minister of Natural Resources, Raphael Trotman, presented to the National Assembly, the Petroleum Commission of Guyana Bill 2017–to provide for the...

ExxonMobil, employees contribute more than $50M to U.S. colleges, universities

ExxonMobil and its employees contributed more than $50 million to institutions of higher education across the United States in 2016 as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program, the company announced today. Employees, retirees, directors and surviving...

Vietnam sacks top official for PetroVietnam ‘violation’

(BBC) A top Vietnamese official has been sacked for "violations" while running national oil and gas firm PetroVietnam, in a rare public censure by the ruling Communist Party. The government said on Sunday that Dinh La Thang, 57, was no...

Latest News

Hess says Yellowtail is one of the world’s best projects

When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as...