Tuesday, December 7, 2021

News

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...

Small oil spills occur in T&T due to equipment fatigue – Coastal Dynamics Executive

With an oil and gas industry in Trinidad and Tobago that is well over 100 years old, an environmental specialist from the twin island republic believes that the absence of a major catastrophic disaster over the years is commendable,...

Bristow in new contract with Apache

Bristow Helicopters Limited has secured a new contract with Apache North Sea Limited to support its North Sea operations. The contract which has a five year primary term, with further extension options, will commence on 1 September 2017. Aircraft types...

Shell profits soar as oil sector makes comeback

Royal Dutch Shell PLC Thursday reported a sharp increase in profit in the first quarter, rounding off a bumper set of results for the world's biggest oil companies as years of cost-cutting and a fragile recovery in oil prices...

Oil hovers near $46 as shale revival cancels out OPEC efforts

NEW YORK (Bloomberg) -- Oil hovered around $46/bbl in New York, back to levels last seen before the OPEC deal, as the shale revival appears to be making the group’s cuts ineffective. After dipping below $44 Friday, futures pared some of...

New regulatory body could oversee implementation of Guyana local content policy

A new regulatory body is being proposed by authorities in Guyana to oversee the implementation of a Local Content, Capacity Development and Value Addition Policy Framework.  The draft policy document, developed by the Ministry of Natural Resources, is currently...

ExxonMobil targets mid-year sanction for Liza first phase

“When you think about the full scope of our development in Guyana, and clearly, the higher the resource density, the more profitable it's going to be..." - Jeff Woodbury US supermajor ExxonMobil plans to sanction the first phase of the development...

T&T MP calls for Petrotrin Board to resign

“This is the second incident in two weeks which has brought grave danger to residents following last week's oil spill which the nation remains unsure of the total quantity of oil leakage,” - David Lee Pointe-a-Pierre MP David Lee has...

Latest News

Guyana seeing “tremendous interest” in oil block up for auction next year – Bharrat

Guyana is already seeing “tremendous interest” in one of the remaining oil blocks to be auctioned next year in...