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Anapai among ‘high profile’ wells being drilled in 2018 – WoodMac

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Industry analyst Wood Mackenzie has compiled a list of the ‘highest profile’ wells being drilled in 2018 based on data received from more than 200 senior energy leaders and professionals. In its new ‘The Future of Exploration Survey 2018’ report,...
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PCJ looks to next phase of oil exploration as first 3D seismic survey is completed in Jamaica

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(The Gleaner) The Petroleum Corporation of Jamaica (PCJ) is hoping that the post survey data analysis of the first 3D seismic survey of Jamaica's offshore in the exploration for oil and gas will be encouraging enough to move the...
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Curacao court authorizes ConocoPhillips to seize $636M in PDVSA assets

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A Curacao court has authorized ConocoPhillips to seize about $636 million in assets belonging to Venezuela's state oil company PDVSA due to the 2007 nationalization of the U.S. oil major's projects in Venezuela. The legal action was the latest in the Caribbean to...
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ON Energy PSA: 53% profit oil, 1% royalty for Guyana

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The Production Sharing Agreement (PSA) between the Government of Guyana and ON Energy, signed on February 12, 2013, outlines a 53% share of profit oil for the South American country and 1% royalty, payable by the company. Recoverable contract...
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Guyana Legislative Assembly unanimously approves ICJ legal fees

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Guyana’s 65 Member National Assembly on Friday unanimously voted to approve some US$4M for the State’s legal defence at the International Court of Justice (ICJ) in the Hague—monies to be sourced from a US$18M signing bonus paid to Guyana...
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Guyana contracts American firm to review ExxonMobil application for giant Liza Phase 2 development

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The Environmental Protection Agency (EPA) has hired an American company; Rampal US Corporation to assess and certify an Environmental Impact Assessment (EIA) study for the ExxonMobil Liza phase II development. This was confirmed on Friday by Guyanese Minister of State,...
Exploration

Hart Energy: oil, gas exploration activity picks up but concerns remain

OilNOW -
The success story unfolding offshore Guyana where ExxonMobil Corp. has made seven oil discoveries coupled with recent wins by Chevron Corp., Total SA and Royal Dutch Shell Plc in the Gulf of Mexico (GoM) plus others offshore Norway and...
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Oil at $100 is a possibility next year says Bank of America

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(Bloomberg) Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America Corp. Brent futures, trading near $77 on Thursday, are...
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TechnipFMC Q1 profits almost quadrupled

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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...
News

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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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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