News

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...

The Dutch-speaking South American country of Suriname says it stands ready to share its knowledge in oil and gas with its English-speaking neighbour Guyana, where preparations for oil production is underway. Surinamese Ambassador to Guyana, Ebu Jones, presented his letter of...

A team of officials from Tullow Oil, led by CEO Paul McDade, met with members of the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday in Guyana’s capital, Georgetown, for wide-ranging discussions ahead of the company’s 3-well drill...

Hess Corporation has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the United States for outstanding environmental, social and governance (ESG) transparency...

Crude production in Venezuela’s Orinoco belt plummeted to 169,800 b/d on Tuesday from 764,100 b/d at the beginning of April. This represents the combined crude production of Venezuela state PDVSA and its foreign partners, S&P Global Platts said in...

Tullow Oil has confirmed that it wants to drill for oil in select countries in 2020, including Jamaica. A report from the Jamaica Gleaner said that Tullow recently concluded a 3D seismic survey with promising results. “The preliminary findings of...

Reports are that BPTT, said to be the largest gas producer in Trinidad and Tobago, will reduce its gas production by up to 300 million standard cubic feet per day in 2020 and 2021, constituting a 15 percent drop...

Since opening its academy in 2018, TOTALTEC has trained 150 Guyanese in safety and basic operations for work in the South American country’s emerging oil and gas industry and the company has plans to further expand these capabilities. Chairman and...

As Guyana moves closer to producing its first barrel of oil, just months away, the country’s opposition leader is calling on the government to ramp up its preparation for production and to do more to better position Guyana on...