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Class action lawsuit filed against TechnipFMC

OilNOW -
(GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) and certain of its officers.   The class action, filed in United States District Court, Southern District of...
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Venezuela could try to use details in petroleum contract to jeopardize production – Source

OilNOW -
The contract and agreements for the development and production of hydrocarbon resources offshore Guyana may have as much as 1,000 clauses, one or more of which Venezuela could try to use to jeopardize the entire contract, and in so doing, oil...
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Civil society must position itself to play watchdog role – Canadian High Commissioner

OilNOW -
One of the key factors which can ultimately contribute to Guyana’s success as an oil and gas producing nation, is a vibrant and well informed civil society. Outgoing Canadian High Commissioner to Guyana, Pierre Giroux, believes that much more...
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Sinister efforts afoot to gain access to petroleum contract, documents – Trotman

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Even as Guyana continues to approach the disclosure of its agreement with US super-major ExxonMobil for the development and production of petroleum with caution, sinister moves appear to be afoot by others, to gain access to these documents, disclosed...
Exploration

$620B in oil & gas projects may be deferred through 2020 – Deloitte

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The impact of the extended oil price downturn will likely have long-term effects on the industry in a number of areas including capital allocation and people, according to multinational professional services firm, Deloitte Touche Tohmatsu Limited. In describing 2017 as...
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We are not writing legislation…we review when asked – US Ambassador to Guyana

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United States Ambassador to Guyana, Perry Holloway, says the South American country continues to receive assistance from the US in its preparation for oil production come 2020, but even this assistance has certain limitations. During a recent interview with OilNOW,...
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Scientists turn to big data in hunt for minerals, oil and gas

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OSLO (Reuters) - Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method...
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US imposes sanctions on Venezuelan leader Nicolas Maduro

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(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly. Under the sanctions, US firms and individuals are banned from doing business...
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Transformation to oil producer in less than 5 yrs “unprecedented in the world” – Canadian High Commissioner

OilNOW -
The challenges facing Guyana as it prepares for oil production in 2020 will be bigger, since the country’s rapid move to first oil gives it less than 5 years from the initial discovery, to fully prepare. Outgoing Canadian High Commissioner...
News

Venezuela’s Maduro claims poll victory as opposition cries foul

OilNOW -
(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition coalition said 88% of voters abstained and it refused to recognise the election. It also...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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