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Made-in-Alberta action plan unveiled to protect 7,000 oil & gas jobs

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A Canadian oil and gas industry lobby group says a “made-in-Alberta solution” to reduce methane emissions rather than proposed federal regulations could mitigate the number of job losses in the province over the coming decade. According to a report in...
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Shell bets big on Brazil as oil majors snap up offshore blocks

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Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil’s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign...
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Exxon says threat to gasolene demand from electric cars overblown

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(Bloomberg) Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown. Despite concern that electrification will render obsolete the gasolene-fueled internal combustion engine, the world’s biggest crude explorer says the 158 year-old oil industry won’t go gentle...
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Long journey to EITI country compliance now begins – Ramnarine

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While Guyana’s achievement of Extractive Industries Transparency Initiative (EITI) candidacy is an occasion for celebration, it is also important to recognize that the long journey to country compliance has just started. This is the view of Trinidad and Tobago’s former Minister...
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Indonesia’s oil and gas prospects running dry

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Nearly half a century after it was founded, Indonesia’s state-owned petroleum company Pertamina will soon face its biggest ever challenge when it takes sole operational control of the Mahakham, Indonesia’s biggest producing natural gas block situated off the east coast of...
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Spain arrests four former Venezuelan officials for U.S. probe

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(Reuters) - Spanish authorities arrested a former Venezuelan deputy minister and three former executives at Venezuelan state companies for alleged links to money laundering and international corruption, Spain’s Civil Guard said on Friday. The operation was carried out with the...
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Grenada gunning for commercial oil & gas

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Global Petroleum Group (GPG) has conducted a search for oil and gas offshore the Caribbean island of Grenada, raising hopes among the population of just over 107,000, that confirmation of a big discovery could be imminent. The New Today reports...
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Exxon to acquire interest in Brazil’s Carcara oil field from Statoil

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ExxonMobil announced Friday that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2...
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CNOOC’s Q3 revenues up 16.9 %

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CNOOC announced on October 25 that for the third quarter of 2017 unaudited oil and gas sales revenue for the company reached approximately RMB 35.94 billion, an increase of 16.9 percent over last year. The company reports that this...
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OPEC Secretary General optimistic of oil’s outlook

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OPEC Secretary General Mohammad Sanusi Barkindo, has signaled optimism that the international oil market is rebalancing itself at an accelerated pace and that there is finally light at the end of the dark tunnel for the first time in...
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ExxonMobil sees 60% year-on-year production boost in Guyana

ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during the...

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