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Top oilfield services firms signal fourth-quarter uncertainty

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(Reuters) - The world’s top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market...
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TechnipFMC reaches agreement to acquire Plexus’ Exploration Wellhead business

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TechnipFMC said Thursday that an agreement has been reached with Plexus Holding to acquire Plexus’s Wellhead exploration equipment and services business for jack up applications. In conjunction with TechnipFMC’s global footprint and market presence, this portfolio expansion in the...
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Mexico looking to hold third oil & gas auction in 2018

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(Reuters) - Mexico’s oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender in an election...
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EPA moving into high gear for oil & gas preparation

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The Environmental Protection Agency (EPA) in Guyana will host a one day retreat on October 30 to examine extensively its processes for dealing with the oil and gas industry and its likely implications for the environment. This was disclosed by the country’s...
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Exxon acquires 100,000 bpd crude oil terminal

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ExxonMobil said on Wednesday it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of the Permian Basin – one of the most prolific...
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Oil spill response plan a top priority of Guyana government – Minister of State

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The need to craft an oil spill contingency plan is among the top priorities of authorities in Guyana, and the government has already begun to put structures in place to deal with such eventualities when production begins in 2020. This...
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Oil Spill: Ambassador urges Guyana to hope for the best, plan for the worst

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US Ambassador to Guyana, Perry Holloway, said it is important for the South American country to hope for the best, but plan for the worse as it relates to an oil spill, when production gets underway in 2020. His comments...
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Ghana former oil executive to deliver public lecture in Guyana

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Theophilus Nyamko Ahwireng, former Chief Executive Officer of the National Petroleum Commission of Ghana will deliver a public lecture in Georgetown, Guyana on Monday, October 23. The lecture, titled "The National Petroleum Commission, resource management, governance and sustainable development of...
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Oil spill in TT possibly came from passing ship – Ramnarine

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Trinidad and Tobago's former Minister of Energy and Energy Affairs, Kevin Ramnarine, believes that an oil spill which began spreading over the past week in the Twin Island Republic may be the result of a passing ship. In an invited...
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Expectations run high worldwide on key meeting of world’s largest party

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As the 19th National Congress of the Communist Party of China (CPC) kicked off Wednesday, it has drawn great attention and expectations from across the world. The over 2,200 delegates attending the five-yearly national congress on behalf of more than...
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Guyana gov’t can withdraw up to 96% of last year’s oil earnings in 2025 budget

The Guyana government can withdraw 96% of its 2024 earnings from the oil sector, based on the withdrawal rule...

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