OPEC’s second-biggest producer is ramping up efforts to expand capacity to pump and export oil, with plans that include the injection of seawater into crude deposits and the construction of export facilities on a man-made island in the Persian...
President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in...
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...
(Bloomberg) A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never...
SURF contractor for the Liza Phase 1 development offshore Guyana - Saipem - is in search of a manpower agency and medical services provider for its operations in the South American country.
Saipem America Guyana Branch posted a notice inviting...
Guyana’s move towards becoming an oil producer will have a profound socio-economic, cultural and political impact on the country, and as such, having the petroleum portfolio lie directly with the President - as it did in the past -...
The engineering work for the Liza Destiny FPSO is in an advanced stage and is being conducted from four different places as assembly of the vessel that will bring first oil for Guyana continues at the Keppel Shipyard in...
Total SA will pay $1.45 billion for stakes in two offshore oil fields in Abu Dhabi, extending a decades-long partnership as the Middle Eastern emirate seeks to expand production capacity.
According to a Bloomberg report, the Paris-based company will take a...
(CNBC) Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest monthly report from the International Energy Agency (IEA).
An attendant sits at a closed Petroleos de Venezuela SA...
