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Potential distress flare spotted by Bourbon Rhode searchers

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Bourbon Offshore said in an update Tuesday that following reports on Sunday by two seafarers on-board the Alp Striker of signals that they interpreted as potentially emanating from a distress flare, the vessel immediately set a course for the...
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BP, Shell in joint bid for renewable energy project in Trinidad and Tobago

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BP Trinidad and Tobago LLC (BPTT) has submitted a bid to the country’s Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell. In a news update published on October 4, Trinidad and...
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Exxon awards contract for ‘biggest-ever private investment’ in Africa

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Exxon Mobil Corp. has awarded a contract to develop its Mozambique liquefied natural-gas project – said to be the biggest-ever private investment in Africa – to a JGC Corp.-led group, Bloomberg said in a report on Tuesday. Japanese company JGC...
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ExxonMobil Guyana contract consistent with other countries – IMF Mission Chief

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International Monetary Fund (IMF) Mission Chief to Guyana, Dr. Arnold McIntyre, says there is nothing unusual about the Production Sharing Agreement (PSA) which the country has with ExxonMobil for the Stabroek Block, where more than 6 billion barrels of...
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Flaring stays near record-high in the Permian

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Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary data for the third quarter of 2019. Venting is gas release without...
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Bristow gets greenlight from Bankruptcy Court for reorganization

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Bristow Group Inc. said on Monday the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company's Amended Plan of Reorganization and indicated that it will enter a written order to this effect. The Company expects to consummate...
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Exxon will not take final decision on Mozambique LNG project this week

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Exxon Mobil will stop short of taking a final investment decision (FID) on its massive $30 billion liquefied natural gas (LNG) project in Mozambique when it attends an event there on Oct. 8, a source familiar with the matter...
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Guyana could avert Dutch Disease with sound economic plan

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Warning bells have been ringing in the South American country of Guyana ever since ExxonMobil made its first world class discovery at the Liza field back in 2015. With every discovery since then – 14 to date by Exxon...
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Strict rules will ensure NRF not treated as slush fund by any gov’t – finance minister

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Guyana’s finance minister, Winston Jordan, says ‘strict rules’ governing the administration of the fund that is being set up to manage oil income will ensure that no government can misuse the billions of dollars in revenue the country is...
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Sale of Asia Pacific assets will see ExxonMobil raising $5B

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Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target. Having...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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