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ExxonMobil investigating reported vandalism on gas pipe project in Papua New Guinea

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(Reuters) - ExxonMobil PNG said on Tuesday it was investigating reports of vandalism on its Angore gas pipeline construction project in Papua New Guinea, amid ongoing tension in the Highlands region of the South Pacific nation. Papua New Guinea security...
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ExxonMobil makes 8th discovery in Guyana

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Exxon Mobil Corporation (NYSE:XOM) said on Wednesday it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters)...
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How good are Sovereign Wealth Funds at investing money from natural resources?

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(Natural Resource Governance Institute) Governments around the world held about USD 3.7 trillion in oil, gas and mineral wealth in sovereign wealth funds (SWFs) at the end of 2016. There are many reasons why they have saved so much money. Some,...
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Halliburton’s new drilling technology to improve field development planning

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Halliburton earlier this month released its EarthStar™ ultra-deep resistivity service, a logging-while-drilling technology that helps operators map reservoir and fluid boundaries over 200 feet (61 meters) from the wellbore. This is more than double the depth of investigation of...
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Schlumberger seeking EOIs to build drilling fluids facility in Guyana

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Schlumberger Guyana, a subsidiary of the world-class oilfield services company Schlumberger, is in the process of constructing a drilling fluids facility to support the operations of ExxonMobil with regards to the Liza development. This is according to an advertisement placed...
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Int’l community likely to support ICJ’s decision even if Venezuela shuns proceedings – Rashleigh Jackson

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Former Guyanese Foreign Minister, Rashleigh Jackson is of the view that the international community would be inclined to support the decision of the International Court of Justice (ICJ) in the border controversy proceedings with Venezuela, even if that country...
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Report: Guyana’s deepwater areas will remain competitive, despite changes to fiscal terms

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Guyana's deepwater investment climate is expected to remain regionally competitive over the next five years, despite the South American country's plans to adjust its upstream fiscal regime and to establish a national oil company (NOC). A report released on May...
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Guyana determined to move ahead with ICJ proceedings

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Guyana intends to forge ahead with proceedings filed at the International Court of Justice over a border controversy with neighbouring Venezuela despite a statement from that country’s government on Monday indicating that it will not take part in the...
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Venezuela says it will not participate in ICJ proceedings

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Venezuela made it known on Monday that it will not be taking part in the proceedings at the International Court of Justice initiated by Guyana over a border controversy spanning several decades. A Communique issued by the Venezuelan government states...
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Uruguay and oil hopes: a permanent bidding round scheme, after failure of latest auction

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(MercoPress) Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview. Uruguay...
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Trinidad Energy Minister Young to assume PM role as Rowley bows out

Stuart Young, Minister of Energy and Energy Industries of Trinidad and Tobago, will be the country’s next Prime Minister....

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