News

Noble Group shares drop to lowest since 1999 after Co-CEO quits

(Reuters) - Shares in Singapore-listed Noble Group on Tuesday tumbled as much as 12.7 percent to their lowest in nearly two decades, after Jeffrey Frase resigned as Co-Chief Executive Officer (CEO). The beleaguered commodity trader said on Monday that Frase...

BP begins share buybacks as years of austerity pay off

(Reuters) - BP Plc said on Wednesday it would begin a share buyback programme, making it the first major European energy company to resume buybacks since the 2014 price slump in a sign years of austerity have paid off. The...

Massive O&G outreach awareness exercise planned for 2018

The Guyana government is looking to embark on a wide-ranging coast-to-coast oil and gas outreach awareness programme in 2018 that will also include visits to Guyanese living in the diaspora. Minister of Natural Resources, Raphael Trotman, during a recent interview...

Brazil Faces Offshore Oil Dilemma

(4-Traders) In a few months, Brazil's federal government will start receiving crude oil from a huge field, known as Libra, off the coast of Rio de Janeiro. But the government has no tanker ships to unload oil from the...

Repsol among companies hosting live webcasts at Deutsche Bank’s Depositary investor conference

Deutsche Bank announced on Monday the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on November 15th and 16th, featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the US. Representatives from participating companies based in Germany, Japan, Norway, South...

Oil price hit a 28-month high

Oil price hit a 28-month high last week due to expectations on the OPEC/non-OPEC output-cut agreement and concerns about the political tensions in Saudi Arabia. Last week, Brent Crude future for January 2018 delivery rose to $64.65 a barrel, or the highest since June 2015, while...

US leads world in oil and gas production, IEA says

(BBC) International energy markets are set for "major upheaval" as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual...

Trotman’s position on contract disclosure reflects will of President, Cabinet – MNR

Guyana’s Ministry of Natural Resources (MNR) said on Tuesday the issue of contract disclosures continue to engage the attention of the country’s President and Cabinet, and government will move to publish the full details of all oil and gas...

Venezuela says debt refinancing underway, S&P calls selective default

(Reuters) Venezuela’s cash-strapped government said its plan to refinance some $60 billion in bonds was successfully underway after a creditors’ meeting in Caracas but a rating agency declared the nation in selective default over missed coupon payments. President Nicolas Maduro’s...

Reduced ministerial powers possible for Petroleum Commission

Guyana’s Minister of Natural Resources, Raphael Trotman, says efforts are being made to address the concerns of several stakeholders that the Petroleum Commission of Guyana Bill in its current form, bestows too much authority in the subject minister. In a...

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Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola,...