News

Former Trinidad and Tobago (TT) Minister of Energy and Energy Affairs, Kevin Ramnarine, has called the outcome of the 2018 shallow water bid round disappointing and said that it demonstrates how “unattractive” the country’s acreage has become due to...

US oil major ExxonMobil said that its Permian Basin development in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years. Impact Data Source conducted for ExxonMobil pegged...

This year’s Houston's Offshore Technology Conference highlighted panels that showed a global deepwater that has become increasingly robust and the session on Guyana saw a capacity audience clamoring to hear more about South America’s newest oil and gas hotspot. Starr...

Iraq's oil minister on Sunday blasted ExxonMobil for evacuating its foreign staff from the West Qurna 1 field, saying all international oil companies working in the country have a secure environment, according to a report from S&P Global Platts. The...

US oil major ExxonMobil has evacuated all of its foreign staff from an Iraqi oilfield west of Basra and is flying them to Dubai, Reuters reported on Saturday. The report said that the move came after the US pulled non-emergency...

Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe, in a statement on Friday evening said he outrightly rejects the claims published in a section of the media, that oil consultant Dr. Michael Warner, who was hired to...

The United Nations Development Programme (UNDP) and Guyana’s Department of Energy (DE) have committed to continue working closely on matters related to the strengthening of the South American country’s oil and gas framework. DE Director Dr. Mark Bynoe received a...

The award of a second FPSO contract for the Liza project in Guyana is advancing Dutch floater specialist, SBM Offshore’s Fast4WardTM programme, moving it from plan to reality, the company said on Thursday. Bruno Chabas, CEO of SBM Offshore, said the...

Ensco Rowan plc (NYSE: ESV) announced on Thursday that an arbitration tribunal has awarded the company $180 million in damages in its proceedings against South Korean-based shipyard - Samsung Heavy Industries (SHI). Further, the Company will be claiming interest on...

Chinese oil company CNOOC is looking for a coordinator to lift is share of oil when production gets underway at the 120,000 bpd Liza Phase 1 Development project offshore the South American country of Guyana. In a notice published in...