News

After a journey of 2,300 nautical miles, the Fast4Ward® hull for the Liza Unity FPSO - ExxonMobil's second development offshore Guyana - has safely arrived at Keppel shipyard in Singapore, from China. This is SBM Offshore’s first generic hull, the...

Decades of failed attempts to find oil in the Guyana-Suriname basin saw companies bailing out and disappointment mounting, with many persons, ranging from laymen to experts, concluding that striking black gold in this frontier was unlikely and way too...

More than 20,000 people in Trinidad and Tobago have lost their jobs since 2015, with more than 5,500 being sent home when the Petrotrin refinery closed down on November 30, 2018 in what has been a slew of job...

Despite heightened tensions in the Gulf region following the US drone attack in Baghdad that killed Iranian General Qassem Soleimani, the resulting surge in oil prices will not be sustained. In fact, analyst expect to see a downward risk...

UK-based global energy consultancy group Wood Mackenzie says based on its estimate the discovery announced last week off the coast of Suriname could contain hundreds of millions of barrels of oil and over a trillion cubic feet of gas,...

(Reuters) - An Oklahoma oilfield company that played a central role in Venezuela’s high-profile attempt to convince the world it could halt production declines at its dilapidated oilfields has shut its doors, according to three people familiar with the...

(Reuters) - For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to...

Former Minister of Energy and Energy Affairs in Trinidad and Tobago Kevin Ramnarine believes that 2020 will be another year of weak growth in the twin-island republic due to the current over-supply of petroleum worldwide and the strong US...

UK-based global energy consultancy group Wood Mackenzie says it will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking...

Dutch dredging and heavylift company Boskalis said in a statement on Thursday that an incident occurred earlier this week on board an FPSO which is currently being transported by the Vanguard from China to Brazil. During the journey a contractor, designated by...