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Sinopec reports best quarter in years after oil prices rebound

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(Reuters) - China Petroleum & Chemical Corp, the country’s largest refiner, reported its best quarterly profit in years on strong upstream and refining business and said it expects higher fuel sales in the second half. Known as Sinopec, the company...
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TT and Venezuela ink gas deal in Caracas

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Trinidad and Tobago Prime Minister Dr Keith Rowley and Venezuelan President Nicolas Maduro on Saturday sealed the deal that will see Trinidad and Tobago processing Venezuelan natural gas for the first time. The Prime Minister and his team arrived in...
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Angola sets up new National Oil & Gas Agency

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With aim of reducing control of country’s NOC and curbing conflicts of interest With a view to eliminating conflicts of interest and wresting power from its National Oil Company, Angola has created a new agency to manage its oil and...
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Norway’s $1 trillion wealth fund should keep oil stocks: commission

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Norway’s trillion-dollar sovereign wealth fund should continue to invest in oil and gas companies, a government-appointed commission recommended on Friday, contradicting earlier advice from the central bank, and boosting the shares of oil firms, Reuters said in a report...
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Granger confident of bringing electricity cost below 15 US cents per kilowatt hour

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Guyana’s President David Granger says the issue of energy was discussed with a team of United States Congressional officials during a meeting held on Thursday at State House in the country’s capital, Georgetown. Some of the visiting Congressmen, the President...
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Talks between Total, North Sea oil workers collapse

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Talks between French oil refiner Total and workers on three of its North Sea oil and gas platforms broke down on Thursday, meaning that a series of planned strikes over working rotas will go ahead, UK union Unite said...
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Swiss Bank executive enters guilty plea in Venezuelan US$1.2B PDVSA money laundering scheme

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A former Swiss bank executive has pleaded guilty to his role in a $1.2 billion money-laundering scheme involving Venezuela's state-run oil and Natural Gas Company, the Associated Press reported on Wednesday. Federal court records show that 44-year-old Matthias Krull pleaded...
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Guyana President briefs US Congressional team on wide-ranging areas of interest during fact-finding mission

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Guyana’s President, David Granger, on Thursday, August 23, met with a visiting delegation comprising Congressmen and other officials from the United States of America at the Ministry of the Presidency, where a number of issues were discussed, and areas...
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Goliat FPSO audit reveals deficiencies

OilNOW -
The Norwegian Petroleum Safety Authority (PSA) has asked Eni to act following an audit in May of the company’s management of emergency preparedness on the Goliat field FPSO in the Barents Sea. According to an August 22, 2018 report in Offshore, this exercise...
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CNOOC H1 profit rises as oil and gas sales increase by 20.5%

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CNOOC Limited on Thursday announced its 2018 interim results for the six months ended June 30, 2018. In the first half of the year, the Company maintained efficient oil and gas production operations with progress and successfully achieved its target. The...
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Guyana and global oil exports marked safe as US market tariffs hit other industries

By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald...

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