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Repsol to end pursuit of oil growth in light of clean energy push

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Spanish company Repsol plans to end its pursuit of oil growth amidst a global move to transition to clean energy. This is according to a Bloomberg report published on Tuesday. According to the article, the company is the first of...
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Canadians stake out middle ground on energy issues

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(Oil & Gas Investor) Canadians often take centrist, middle-of-the road positions on issues and energy is no different, according to David Coletto, CEO of Abacus Data. Even in energy-rich Alberta and Saskatchewan, Canadians accept that the global energy system...
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Venezuela’s oil meltdown is getting worse

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A rush of creditors trying to seize assets has disrupted Venezuela’s oil exports at a time when they already are plunging Death spiral is an overused term, but it is justified when describing Venezuela’s oil industry right now. Energy consumers...
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First batch of TOTALTEC oilfield operator trainees to graduate this month

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The TOTALTEC Academy will have its inaugural graduation ceremony during the week of May 28, 2018 to recognize and congratulate the 20 or so pioneering graduates and to welcome and inspire the new recruits for the next scheduled Oilfield Operator Training...
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‘Governance framework’ to ensure local content compliance

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Guyana’s second draft Local Content Policy Framework outlines the requirement of a ‘governance framework’ to ensure compliance by stakeholders in the oil and gas industry. The country’s Ministry of Natural Resources released the second draft Local Content Policy Framework on...
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Analysis: Malaysia regime change heralds risks for Southeast Asian oil and gas

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(Platts) The surprise outcome of Malaysia's historic 2018 elections has elevated risks for the oil and gas sector in Southeast Asia, stemming from the winning coalition's stance on fuel subsidies, its position on Chinese business investment and potential interference...
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Anapai among ‘high profile’ wells being drilled in 2018 – WoodMac

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Industry analyst Wood Mackenzie has compiled a list of the ‘highest profile’ wells being drilled in 2018 based on data received from more than 200 senior energy leaders and professionals. In its new ‘The Future of Exploration Survey 2018’ report,...
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PCJ looks to next phase of oil exploration as first 3D seismic survey is completed in Jamaica

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(The Gleaner) The Petroleum Corporation of Jamaica (PCJ) is hoping that the post survey data analysis of the first 3D seismic survey of Jamaica's offshore in the exploration for oil and gas will be encouraging enough to move the...
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Curacao court authorizes ConocoPhillips to seize $636M in PDVSA assets

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A Curacao court has authorized ConocoPhillips to seize about $636 million in assets belonging to Venezuela's state oil company PDVSA due to the 2007 nationalization of the U.S. oil major's projects in Venezuela. The legal action was the latest in the Caribbean to...
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ON Energy PSA: 53% profit oil, 1% royalty for Guyana

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The Production Sharing Agreement (PSA) between the Government of Guyana and ON Energy, signed on February 12, 2013, outlines a 53% share of profit oil for the South American country and 1% royalty, payable by the company. Recoverable contract...
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Guyana gas resources set to power new state-of-the-art AI data centre

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of...

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