Saturday, May 21, 2022

News

Hess earns place on CR’s 2017 Best Corporate Citizens List

Hess Corporation (NYSE: HES), a 30% shareholder in the Stabroek block, offshore Guyana, has earned a place on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2017. The list recognizes public companies across the United States...

Consultant advising on oil refinery will arrive in Guyana May 17 to present study

The consultant hired to advise the Guyana government on the economics of a refinery is scheduled to arrive in the South American nation on May 17. A number of players in the industry have been closely watching this development. Trinidad...

Guyana open to receiving support for oil & gas training from Australia

Guyana has been actively reaching out to its international partners for support and advice as the country continues to put systems in place for oil production, set to begin in 2020. One area where maximum support is needed is...

Global demand for oil could outstrip supply after 2020 unless new investments approved soon

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned...

Trinidad’s Petrotrin investigating oil spill

Trinidad and Tobago State owned Trinihas established a team to investigate the cause of the oil spill where hundreds of barrels of black crude flowed into the Gulf of Paria from a leak at the Pointe-a-Pierre refinery which occurred...

Exxon, Chevron triumph in crude resurgence

CHICAGO (Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. easily swept aside analyst estimates as the battered giants of the U.S. oil industry shook off two-and-a-half years of low oil prices and reported surging profits in the first quarter. Exxon,...

ExxonMobil Earns $4 Billion During First Quarter 2017

Exxon Mobil Corporation (NYSE:XOM) today announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity prices, cost management and refining operations. “Our results reflect...

BP finds 200 million barrels of oil in hidden cache

(Houtson Chronicle) British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had befuddled oil...

Exxon to train, boost capacity of Guyanese businesses for oil & gas opportunities

Small to medium size businesses in Guyana will soon be able to register interest and receive specialized training that would enable them to benefit from business opportunities in the supply chain of the country’s emerging oil and gas sector. ExxonMobil...

TechnipFMC awarded Subsea Contract for Liza deep water project

TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the Liza deep water project in Guyana, South America. The award scope includes seventeen total enhanced vertical...

Latest News

T&T eyes preferred bidder for Point-a-Pierre refinery

Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery,...