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SOCU needs resources, cooperation to investigate O&G financial crimes – UK Expert

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British financial crimes expert, Dr. Sam Sittlington has expressed reservations over the level of resourcing afforded to the Guyana Police Force’s Special Organised Crime Unit (SOCU) but believes the unit will be able to effectively investigate malfeasance and other...
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Placing contract in public domain is ‘fantastic step in right direction’ – Brasington

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Placing the petroleum agreement between Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited in the public domain is a step in the right direction and provides a basis for healthy conversation about what it contains. This is the...
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Over $20B in fixed assets, 3,500 employees; ExxonMobil marks 125 years in Singapore

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(The Straits Times) This year marks the 125th anniversary of ExxonMobil’s presence in Singapore. Starting out in 1893 as a small trading company at Robinson Quay selling kerosene and lubricants, ExxonMobil has since become one of Singapore’s largest foreign...
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Uncertainty as $3.8B Egina FPSO vessel approaches Nigeria

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(All Africa) There are palpable fears that the position of the Nigerian Ports Authority (NPA) to bar the much-expected Egina Floating Production Storage Offloading (FPSO) vessel from the Nigerian waterways may jeopardise the multi-billion-dollar oil project. Egina Floating Production and...
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UTEC secures major deal from Liza subsea contractor TechnipFMC affiliate

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UTEC, a global survey company in subsea services group Acteon said it has won a contract from Technip Oceania Pty Ltd, part of TechnipFMC in Australia, to provide survey and positioning services on the Greater Enfield Project, offshore Western...
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Hess Corporation expects significant returns on Guyana investment

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The announcement by ExxonMobil Corporation on Friday of a 6th oil discovery off the coast of Guyana has further cemented the view that investment in exploration and production activities in the South American country will see significant returns. Even before...
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OPEC’s moves to determine fate of oil markets in 2018

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After a volatile 2017, oil markets turn towards 2018 and the topics that will dominate the next 12 months. Below Stratas Advisors sorted the risks into four main topics that its analysts predict will dominate the 2018 news cycle. What...
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TT’s economy to benefit from BP’s Juniper project in 2018 – Kevin Ramnarine

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Former Minister of Energy in Trinidad and Tobago, Kevin Ramnarine, believes that during 2018 the country's economy will benefit from petroleum production by BP’s Juniper project; said to be the largest new project there in several years. BP has invested around...
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PSC decries ‘lack of local content’ in ExxonMobil agreement

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In wake of the release of the ExxonMobil contract on December 28, 2017, the Private Sector Commission (PSC) has decried what it describes as a paucity of benefits for the business community and hopes that this can be addressed...
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Guyana’s long promised blessing being released – Trotman

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The announcement on Friday of a 6th oil discovery off the Guyana coast by US oil major, ExxonMobil, has further cemented Guyana’s place as a significant emerging petroleum producer in the region. The South American country’s Minister of Natural Resources,...
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Guyana and global oil exports marked safe as US market tariffs hit other industries

The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald Trump. Trump imposed...

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