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Guyana contracts American firm to review ExxonMobil application for giant Liza Phase 2 development

OilNOW -
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...
News

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...
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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

OilNOW -
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...
News

Guyana becoming land of oil and opportunities

OilNOW -
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...
News

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...
News

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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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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