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Guyana shortlists sites for ‘natural gas’ power plant

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The Guyana Government has identified two sites in Regions Four and Six for the construction of a new power generation facility, utilizing natural gas to be had from offshore oil production activities. The revelation was made by Minister of Public...
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Confront racial tensions ahead of oil wealth urges Guyanese Professor

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It is incumbent on the Guyanese people to use its fear of foreign conglomerates such as the oil companies currently exploring offshore to become adaptive in order to seek out the relevant information to garner a better understanding of...
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Chevron projects $18.3B spending budget, down 4 percent

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Chevron Corp (CVX.N), the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about 4 percent less than this year and lower for a fourth year in a row. International...
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MSGB Basin shows new West African promise

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(Hart Energy) At night from space it’s easy to see why Africa is called the “Dark Continent,” but bright oil and gas lights are starting to flicker in West Africa, reflecting huge hydrocarbon potential that could still play an...
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UK will react firmly if Venezuela violates Guyana territory – British High Commissioner

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Reminiscent of a 2013 maritime incident in which a US-operated vessel was seized by the Venezuelan navy while in Guyana waters searching for oil, British High Commissioner to Guyana, Greg Quinn, says similar aggression by the Bolivarian Republic in...
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Tullow could hit debt repayment target early if crude prices hold up

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Tullow Oil plc’s (LON:TLW) debt repayment is accelerating thanks to better oil prices and, according to Angus McCoss, the group’s deleveraging target could even be met over the next twelve months. The oiler’s gearing peaked at around 5x earnings at...
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Petrobras: New Mero field contains 3.3 billion barrels of oil

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(Offshore) Brazilian oil company Petrobras has declared commerciality of the field in the Libra Northwest area, in the pre-salt of Santos Basin off Brazil, renaming it Mero. Namely, Petrobras said in its statement last Thursday that it had submitted the declaration...
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T&T Senator urges police action at Petrotrin

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The Fraud Squad should be sent to Petrotrin to examine the state-owned oil company’s books in light of the A&V Oil and Gas Limited scandal, Opposition Senator Gerald Ramdeen urged on Tuesday as he spoke on Senator Wade Mark’s...
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U.S. tax reform supports oil and gas

OilNOW -
(Maritime Executive) The U.S. Senate approved a revised Tax Cuts and Jobs Act on Saturday, that API President and CEO Jack Gerard applauds as pro-growth and pro-development. “With this morning’s Senate vote, Congress is poised for the first time in...
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First Mobil-branded service stations to open in Mexico

OilNOW -
ExxonMobil announced today a partnership with retailer Grupo Orsan to open eight Mobil-branded service stations this week in Querétaro as part of the company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50 Mobil stations in the Bajio region...
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Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening...

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