(Bloomberg) Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with knowledge of the companies. Norway’s...
The oil supply boon fueled by hydraulic fracturing has served to push petroleum prices down. This has triggered increased competitive pressures for resource-developing companies, like ExxonMobil, and increased revenue pressures for resource-owning governments, like Guyana.
Speaking at the World Petroleum...
(Offshore Energy Today) U.S. oil company Kosmos Energy tightened its net loss and tripled oil revenues during the second quarter 2017. The company has decided to once again reduce its capex for the year by $50 million.
According to its...
Sixteen youths will have an opportunity during the month of August to learn more about the operations of the agencies and industries in Guyana’s natural resources sector, as part of a Youth in Natural Resources Apprenticeship Programme, launched today...
A Guyanese engineer is urging authorities to ensure some of the revenue the country is set to receive from oil production is used to develop the agriculture sector.
Dr. Vincent Adams told dozens of persons gathered on Thursday for a presentation...
Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean...
As the conversation on Guyana’s emerging oil and gas industry begins to take center-stage, stakeholders, while recognizing the critical role of the media in keeping the public informed, are calling for more responsible reporting.
Members of the Guyana Extractive Industries...
From New Jersey down to Texas, oil companies have come to depend on crude-soaked Venezuela to feed their massive refineries
The tanker Paramount Helsinki docked in Pascagoula, Mississippi, last week bearing the lifeblood of Chevron Corp’s refinery there: 532,000 barrels...
(GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) and certain of its officers. The class action, filed in United States District Court, Southern District of...
The contract and agreements for the development and production of hydrocarbon resources offshore Guyana may have as much as 1,000 clauses, one or more of which Venezuela could try to use to jeopardize the entire contract, and in so doing, oil...
