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Chevron set to walk away from Anadarko take-over

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Chevron Corporation announced on Thursday that, under the terms of its previously announced Merger Agreement with Anadarko Petroleum Corporation (NYSE: APC), it will not make a counterproposal and will allow the four-day match period to expire. Accordingly, Chevron anticipates that...
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OTC 2019: Guyana eyeing data-driven auctions for oil blocks

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As work continues on the upgrade of petroleum legislation in Guyana, a key official at the Department of Energy (DE) told attendees at a networking reception, held on the sidelines of OTC 2019 on Wednesday evening, that a data-driven...
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PM sees super highways, railways in new Guyana

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Major infrastructure transformation could soon be underway in the South American country of Guyana as the emerging oil and gas industry is set to take off with first oil just months away and a production ramp up to almost...
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OTC 2019: Interest in Guyana soars as companies ask; “how do we get in?”

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A tremendous amount of interest is being shown in Guyana by visitors and participants at the Offshore Technology Conference, with a number of companies wanting to know, “how do we get in?” Greg Clarke of HFS Corporate Services Inc.,...
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Newfoundland & Labrador set for drilling

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(Upstream) The Canadian province of Newfoundland & Labrador is preparing for an increase in exploration drilling activity on recently awarded acreage that is set to begin this summer by ExxonMobil, followed next year by drilling campaigns from up to...
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OTC 2019: Saipem makes presentation to Guyana delegation

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Saipem on Wednesday made a presentation to the Guyana delegation at the Offshore Technology Conference (OTC 2019) being held in Houston, Texas, focusing on its ongoing installation operations for the Liza Phase 1 Development Project. Giorgio Martelli, President and CEO...
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OTC 2019: GTT pursuing opportunities in offshore communications

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Guyanese telecommunications company GTT, one of the more than 20 firms from South America’s newest oil and gas hotspot participating at the Offshore Technology Conference (OTC 2019), says it is actively pursuing opportunities in offshore communications. Eshwar Thakurdin, Director, Business...
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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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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...

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