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...
(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...
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...
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...
(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...
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...
(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...
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...
Guyana’s President, David Granger, told those gathered at the United Nations Environment Assembly in Nairobi, Kenya on Monday that people must come before profits in the extractive industry. The Head-of-State also shared a three-pronged approach, geared towards helping small...
Guyana’s Minister of Public Telecommunication, Cathy Hughes, says Information Communication Technology (ICT) has become the main ingredient for development globally and the South American country will be moving to ensure that the ICT sector is prepared for the emerging...