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Petrobras earnings take a hit

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(Upstream) Braziian oil giant Petrobras registered a 42% drop in earnings in the first quarter, compared with the same period of 2018, but continued to make progress with debt de-leveraging. The state-controlled company posted net income of 4.03 billion reals...
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Guyana Petroleum Summit set to delve into country’s prospects as new oil producer

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The Guyana Petroleum Summit, set to take place on May 9 at the Marriott Marquis, Houston, Texas, is aiming to help draw the road map for how the South American country can best harness economic benefits from its emerging...
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Majors driving rise in global discoveries; ExxonMobil most successful in Q1 2019

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(Rigzone) Oil and gas exploration is off to an explosive start in 2019, with such majors as BP, Eni and ExxonMobil taking a bigger bite of the conventional resources discovered in the first quarter, according to a new report...
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OTC 2019: Chamber President expects increased partnerships

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Guyanese business representatives participating at the Offshore Technology Conference in Houston, Texas, are excited about the attention received on the first day of the event. The President of one of the largest groups representing businesses in the South American...
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OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

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CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...
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Major interest shown in Guyana on day 1 of OTC 2019

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On just the first day of the Offshore Technology Conference (OTC 2019) Guyanese officials and business representatives are already reporting major interest being shown in the country by participants at the event. The 600 square foot Guyanese booth saw heavy...
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BP takes FID on Thunder Horse South 2

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(Upstream) BP has taken a final investment decision to develop a second phase of expansion in the southern reaches of its Thunder Horse field in the deep-water Gulf of Mexico. The development is expected to add an estimated 50,000 barrels...
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Arrived and ready – Guyana contingent all set for OTC opening

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The contingent from South America’s newest oil and gas hotspot has arrived in Houston, Texas, and is all set to participate in the largest oil and gas sector trade show in the world – Offshore Technology Conference 2019. “Excited to...
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Occidental revises Anadarko bid

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Occidental Petroleum has revised its takeover offer for fellow US company Anadarko Petroleum, offering to pay mostly cash, Upstream said in a May 6 report. Occidental launched a $57 billion offer last month for Anadarko split 50:50 between stocks and cash, offering...
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Key Guyana agencies get technical training in oil & gas

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Guyana’s Department of Energy (DE) on Friday concluded a two-day capacity building workshop which focused on Field Development Planning for the oil and gas sector. Those benefitting from it were officers from the Guyana Geology and Mines Commission’s Petroleum...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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