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Conoco to recover $2B in agreement with Venezuela

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ConocoPhillips said it will receive $2 billion in a settlement with Petroleos de Venezuela SA, ending a dispute that’s severely crippled Venezuela’s ability to export the crude oil at the heart of its faltering economy. An international tribunal awarded the amount in...
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North Sea union holds fifth day of strikes at Total O&G platforms

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Total confirmed Monday its North Sea production, which feeds the Forties crude stream, had been shut down due to a fifth day of strike action by the Unite trade union, S&P Global Platts said in a report. The fields together...
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Asia’s biggest downstream O&G tech event takes place at Singapore International Energy Week 2018

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Asian Downstream Summit will be held on October 31 - November 1, 2018, focusing on core refining technologies, with a special focus on Industry 4.0. As the anchor oil and gas event during Singapore International Energy Week, hosted by...
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Former Anadarko employee arrested for deaths on company property

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A former employee of US oil company Anadarko Petroleum was taken into police custody after the bodies of his wife and two children were discovered on property owned by the company in Colorado. It is being reported that a...
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Study shows Suriname businesses must boost capacity to benefit from offshore oil industry

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As the search for oil continues offshore Suriname, the Dutch-speaking South American country is looking to put systems in place for what the country hopes is an imminent discovery. State oil company Staatsolie recently commissioned an Industrial Baseline Study (IBS)...
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IDA to provide US$1.6M for capacity building

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The International Development Association (IDA), a branch of the World Bank will be providing some US$1.6 million, to aid in preparations for Guyana’s developing oil and gas sector. During a Thursday, August 16, 2018, press conference at the South-American nation’s...
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Venezuela’s crack-up is accelerating

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Country’s neighbors — and the world — should prepare for the worst (Bloomberg) What happens when the country with the world’s largest oil reserves becomes its latest failed state? As Venezuela’s government grows increasingly despotic, a crack-up is accelerating —...
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Guyana President pledges full transparency in stewardship of O&G sector

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Guyanese Head of State, President David Granger has pledged his administration’s ethical stewardship of the country’s developing Oil and Gas industry and integrity in the management of the revenues from the sector. In addressing his supporters at the People’s National...
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Guyana Business Minister to meet with potential UK investors

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Guyana’s Minister of Business Dominic Gaskin will be travelling to the United Kingdom (UK) to meet with potential investors in a number of the South-American nation’s productive sectors, including the emerging petroleum industry. The decision to send the Minister on...
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GRA boss for overseas oil and gas training

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Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia, has been selected to attend the 5th Government Oil & Gas Fiscal Summit in the United Kingdom. It takes place from October 4 -5, 2018. This was announced by Guyana’s...
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Guyana ranks 5th largest crude oil exporter in Latin America – Forbes 

Forbes has ranked Guyana as the 5th largest crude oil producer in the Latin American (LATAM) region. Guyana falls...

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