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TechnipFMC Q1 profits almost quadrupled

OilNOW -
First quarter profits almost quadrupled at TechnipFMC as the oil service giant cashed in on better market conditions. The company also attributed its £100million pre-tax income to synergies achieved through the merger between Technip and FMC Technologies, completed early last...
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Guyanese officials to visit Mexico in ‘technical exchange’ mission on petroleum

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Four officials from Guyana’s Ministry of Natural Resources (MNR) will soon be visiting Mexico as part of a ‘technical exchange’ exercise with the Mexican Institute of Petroleum (IMP). The South American country’s Natural Resources Minister, Raphael Trotman met with the...
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UK oil, gas industry needs 40,000 new workers from now to 2035

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The UK oil and gas industry will likely need to recruit more than 40,000 new people from now to 2035 to offset natural attrition and ensure the sector can support Vision 2035 and the broader energy diversification agenda, according...
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IMF gives Guyana thumbs up on fiscal prep for oil

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The International Monetary Fund (IMF) on Wednesday said it welcomed the progress being made in Guyana on establishing a comprehensive fiscal framework for managing oil wealth while forecasting a turnaround in the South American country’s economic outlook when revenues...
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Guyana becoming land of oil and opportunities

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Non-resident Ambassador of the Swiss Confederation to Guyana, Mr. Didier Chassot, said Tuesday that Guyana is becoming the ‘land of opportunities’ as he noted that with the development of an oil and gas sector and the pursuit of the...
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Oil prices hit highest in years as markets adjust to looming sanctions on Iran

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(Reuters) - Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market. The United States plans to impose new sanctions against...
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Exxon joint venture partner HESS ranked top oil and gas company on 2018 Best Corporate Citizens list

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Hess Corporation (NYSE: HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2018. The annual list recognizes public companies across the United States that demonstrate...
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Kosmos expects results from Anapai this month

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Kosmos Energy says it expects results from the Anapai-1 well in Suriname later this month as drill operations continue in Block 45 where the company holds a 50% interest. The company announced its first quarter 2018 results on Monday, reporting...
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Suriname has long history of respecting oil agreements – Staatsolie CEO

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Staatsolie Maatschappij Suriname N.V Managing Director and Chief Executive Officer, Rudolf Elias, says the Dutch-speaking South American country has a long history of respecting agreements with International Oil Companies (IOCs) and this continues to play a key role in...
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Why is Exxon drilling, testing a 5th well in the Liza field?

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Drilling and testing of a 5th well in the giant Liza field offshore Guyana is part of a process to accumulate vital data that would aid in the design of a Phase 2 development project set to get underway...
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U.S. EXIM Bank President says US$526M loan to Guyana is ‘first of many deals to come’

A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an...

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