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Shell Brazil invests in solution for inspecting FPSO tanks

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(World Oil) Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection...
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UK Firm to prepare Guyana’s first EITI Report

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A United Kingdom (UK) Accountancy and Advisory firm has been selected to prepare Guyana’s first Extractive Industries Transparency Initiative (EITI) Report. This was revealed by National Coordinator of Guyana Extractive Industries Transparency Initiative (GYEITI), Dr. Rudy Jadoopat on Tuesday, July...
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Guyana State Minister, private sector members discuss O&G

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Guyana’s Minister of State, Joseph Harmon, on Monday, met with the executive members of the Private Sector Commission (PSC) at his office at the Ministry of the Presidency. Among the areas discussed were increased collaboration between the Government and the...
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Guyana businesses want local content legislation – GCCI President

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President of the Georgetown Chamber of Commerce and Industry, Deodat Indar, says that the business community in the South American country would like to see, at the very least, some degree of legislation enacted for local content rather than...
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Higher oil price boosts BP’s recovery, second-quarter profit up four-fold

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(Reuters) - Higher oil prices and increased output helped BP quadruple its second-quarter profit from a year earlier as the oil major finally shakes off the after-effects of 2010’s Deepwater Horizon spill and the last oil market slump. Second-quarter results...
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ExxonMobil sees agro support as key to helping small businesses grow

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Dozens of Guyanese agro-processors once again had an opportunity to showcase and market their products at the second UncappeD Marketplace event held on Saturday, July 28 at the National Track and Field Centre, Leonora, West Coast Demerara. More than 50...
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High production and prices will help ExxonMobil recover CAPEX quickly; Guyana revenue to spike

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High oil production and price in the early years of the Liza Phase 1 development will help ExxonMobil recover its Capital Expenditure rapidly, after which Guyana can expect a spike in revenue from its share of oil. So says Trinidad...
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Size of BHP gas discovery in Trinidad will determine feasibility of developing resource – Wood Mack

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Industry Analyst Wood Mackenzie says the development and commercialization of the recent gas discovery by Australia-based BHP in Trinidad and Tobago will ultimately be determined by the size of the find. On July 18 BHP announced that the Victoria-1 exploration...
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Total starts production at Kaombo project offshore Angola

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(Reuters) French energy group Total said on July 27 that it had started production at the Kaombo project, which is currently the biggest, deep offshore development in Angola. The Kaombo Norte FPSO was successfully brought onstream and will produce an estimated 115,000...
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Chevron’s quarterly profit more than doubles on rising oil prices

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(Reuters) U.S. oil and natural gas producer Chevron Corp. said on July 27 its quarterly profit more than doubled on rising oil prices and production. Production rose about 2% to 2.83 million barrels of oil equivalent per day. The company posted...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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