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Oil talks expected during Mexican foreign minister’s visit to Jamaica

OilNOW -
(Jamaica Gleaner) A trip by Mexico’s foreign minister to Jamaica next month is being positioned by foreign media as the latest development in US-led pressure on the Nicolas Maduro administration in Venezuela. A report by Reuters news agency says Maduro retains loyalty from...
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Venezuelan oil production could further collapse on new U.S. sanctions

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(Oil Price) If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in the country sitting on the world’s largest...
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ExxonMobil shuts PNG gas conditioning plant to assess quake damage

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(Reuters) - ExxonMobil Corp said it shut its Hides gas conditioning plant in Papua New Guinea after a powerful 7.5 magnitude earthquake hit the country’s Southern Highlands province. Powerful quake hits central Papua New Guinea, disrupts oil and gas operations “As...
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Peru’s move to ‘direct negotiation’ for oil blocks attracting investors

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Peru has been moving to quietly rework its hydrocarbons regime with a direct negotiation system to attract new investment, and it is beginning to pay off. Guyana currently has such a system and authorities have signaled it may also...
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Misleading, disingenuous reports on oil ‘taking toll’ – State Minister

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Guyana’s Minister of State, Joseph Harmon says consistently disingenuous and misleading negative reports in sections of the Guyanese media on matters relating to the country's emerging oil and gas industry is beginning to take its toll - something the...
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Eco Atlantic now recognized as TSX Venture 50 Company

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In wake of its announcement of a potential 1 billion plus barrels of oil at its Orinduik Block offshore Guyana, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), said Friday that it has been recognized as a 2018...
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Court hands Trump another defeat in bid to block Obama-era oil and gas methane emissions rule

OilNOW -
A U.S. District Court judge has blocked the Interior Department from suspending an Obama-era rule meant to prevent planet-warming methane from escaping during oil and natural gas operations. According to a CNBC report, the ruling marks the latest setback for...
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Over 3,500 world energy leaders to converge in Bahrain for GEO 2018

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Over 3,500 world energy leaders, stakeholders and executives from 50 countries are set to converge in Bahrain for the 13th Middle East Geosciences Conference and Exhibition (GEO 2018) for 4 days of strategic dialogue and business opportunities. Oil and Gas...
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Powerful quake hits central Papua New Guinea, disrupts oil and gas operations

OilNOW -
(Reuters) - A powerful 7.5-magnitude earthquake struck Papua New Guinea’s Southern Highlands province early on Monday, the U.S. Geological Survey (USGS) said, disrupting communications and oil and gas operations. The tremor hit near the centre of Papua New Guinea’s main...
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Reps hail Total’s Egina FPSO on local content

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(PM News) The Chairman, House of Representatives Committee on Local Content has described the Egina Floating Production Storage and Offloading (FPSO) of Total Upstream Nig. Ltd. as a pride for Nigeria. The Committee Chairman, Mr Emmanuel Ekon, made commendation during...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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