News

Noble Bob Douglas drilling at Sorubim before moving to develop Liza wells

The Noble Bob Douglas – ExxonMobil Guyana’s second drillship – recently arrived in the South American country and is currently drilling its first exploration well at the Sorubim field some 83 nautical miles offshore. “We brought our second drillship into...

Canada’s energy industry faces ‘extinction’ without M&A, BMO says

(Bloomberg) Investors have bailed on the Canadian energy sector, although mergers & acquisitions north of the border could provide a much needed catalyst, barring pipeline and political developments. Raymond James recently called upon John Connor to help save the space, and BMO Capital...

Tina VLCC in dry-dock for 60 days as work on Liza Destiny FPSO continues

The Bahamas-flagged Tina Very Large Crude Carrier (VLCC) – the vessel being converted to the Liza Destiny FPSO – has successfully dry-docked for the first time at Keppel’s shipyard in Singapore. ExxonMobil Guyana says the vessel is expected to be...

ExxonMobil ‘passionate’ about gas to shore project but no final decision yet – Brasington

The prospect of bringing natural gas to shore in Guyana for the primary purpose of fueling power plants to produce low-cost electricity remains a project ExxonMobil is passionate about but the company says no final decision has yet been...

T&T fishermen captured by Venezuelan authorities

Trinidad and Tobago’s Ministry of National Security has confirmed that Venezuelan authorities trespassed into the country’s waters and seized three local fishermen, allegedly for illegally fishing in Venezuelan waters. Loop reports that in a statement issued Friday, the Ministry said the incident, which...

ExxonMobil says it engaged fisher-folk, environmentalists to determine safe zone around FPSO

ExxonMobil Guyana says discussions were held with fisher-folk and environmentalists to determine the appropriate safe zone to be established around the FPSO that will be producing oil from the Liza field in 2020. The company’s Senior Director, Public & Government Affairs, Kimberly...

After targeting U.S. farms, China can strike America’s shale

(Bloomberg) Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products targeted. The list also included petrochemicals and liquefied propane, indicating that the world’s biggest oil buyer...

Analysts: Iran, Venezuela biggest political risks facing oil sector in 2018

The largest political risks facing the oil and gas sector this year remain centered around Iran and Venezuela. That is the view of oil and gas analysts at BMI Research, who highlighted that uncertainty surrounding the future of sanctions on...

Guyana wants Venezuela to leave Ankoko, stop threatening companies

Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...

Venezuela as party to Geneva Agreement accepted jurisdiction of ICJ

The position of the Nicolás Maduro administration that Venezuela does not recognize the International Court of Justice’s (ICJ) jurisdiction over its border controversy with Guyana is in contravention with the Bolivarian Republic’s consent to the Geneva Agreement. Guyana, in its Application...

Latest News

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering...