TechnipFMC (NYSE: FTI) and (PARIS: FTI) has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia, at a water depth of approximately...
The decision by the United States government this week to withdraw from the Extractive Industries Transparency Initiative (EITI) will have no impact on ExxonMobil’s participation in the anti-corruption body and engagement in implementation activities in countries outside of the...
Decker Petroleum Marketing Company Ltd., a Trinidadian company focused on the production of asphalt, has formally expressed its intention to pursue onshore exploration and production of hydrocarbons in Guyana.
OilNOW has learnt that the expression of interest came days after...
ExxonMobil, which has weathered the plunge in oil prices, has held onto its title as the world's largest oil company, according to Forbes.
The Texas-based company is No. 13 on Forbes' 2017 Global 2000 list of the world’s biggest and most...
Repsol is reporting that it earned a net profit of 1.583 billion euros in the first nine months of 2017, 41% more than during the same period of the previous year, in which the company earned 1.12 billion euros.
A...
On Thursday the United States government announced that it was discontinuing EITI implementation with immediate effect. EITI Chair, Fredrik Reinfeldt, issued the following statement:
This is a disappointing, backwards step. The EITI is making important gains in global efforts to address corruption...
Guyana’s President, David Granger, says his government is committed to ensuring that the transformation expected from the oil and gas industry is closely aligned with the country’s green development agenda.
Addressing the opening of the 71st Sitting of the 11th Parliament...
Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the ninth consecutive year that Hess earned this...
(Reuters) - The United States has withdrawn from the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in managing revenues from oil, gas and mineral extraction.
EITI calls US withdrawal from the anti-corruption body “disappointing, backwards step”
There...
Chief of Staff of the Guyana Defence Force (GDF) Brigadier Patrick West is urging ranks to be vigilant and guard against new border threats which may emerge with the advent of the South American country’s oil and gas industry.
This...
