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Siemens cutting 6,900 jobs in power & gas, other divisions

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Siemens AG has announced that it will cut around 6,900 jobs worldwide in its Power and Gas Division (PG), Power Generation Services Division (PS) and Process Industries and Drives Division (PD) over the next ‘several years’. Most of the cuts,...
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Keystone Pipeline leaks 210,000 gallons of oil in South Dakota

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(CNN) A total of 210,000 gallons of oil leaked Thursday from the Keystone pipeline in South Dakota, the pipeline's operator, TransCanada, said. Crews shut down the pipeline Thursday morning and officials are investigating the cause of the leak, which occurred about...
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World’s biggest wealth fund wants out of oil & gas

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(Bloomberg) The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks. Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to...
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Hess sees Guyana as “growth engine”, sets aside billions to prefund oil development in Stabroek Block

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In a presentation at the Bank of America Merrill Lynch 2017 Global Energy Conference on Thursday, Hess Corporation (NYSE:HES) Chief Executive Officer John Hess, disclosed a number of steps the company is taking, which is the clearest indication yet that it is betting big on...
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SBM seeking manpower services for Liza Destiny as conversion of VLCC begins

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SBM offshore subsidiary; Guyana Deep Water Operations Inc. (GDO), is inviting companies to bid for the provision of manpower services for the operation of the Liza Destiny FPSO, scheduled to arrive in Guyana late 2019. GDO said via a public...
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16 Guyanese now equipped with culinary skills for offshore catering

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Sixteen Guyanese between the ages of 19 and 36 completed a three-day introductory program in Offshore Catering and Hospitality Techniques on Wednesday, facilitated by Carnegie School of Home Economics with support from manpower services provider, El Dorado Offshore (EDO). See...
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OPEC predicts global oil demand will surpass 100 million bpd by 2040 requiring US$10.5 trillion in investments

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The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over the next two decades, despite the increasing importance of renewables. Released in an exclusive briefing to senior industry executives at...
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Noble Group shares drop to lowest since 1999 after Co-CEO quits

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(Reuters) - Shares in Singapore-listed Noble Group on Tuesday tumbled as much as 12.7 percent to their lowest in nearly two decades, after Jeffrey Frase resigned as Co-Chief Executive Officer (CEO). The beleaguered commodity trader said on Monday that Frase...
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BP begins share buybacks as years of austerity pay off

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(Reuters) - BP Plc said on Wednesday it would begin a share buyback programme, making it the first major European energy company to resume buybacks since the 2014 price slump in a sign years of austerity have paid off. The...
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Massive O&G outreach awareness exercise planned for 2018

OilNOW -
The Guyana government is looking to embark on a wide-ranging coast-to-coast oil and gas outreach awareness programme in 2018 that will also include visits to Guyanese living in the diaspora. Minister of Natural Resources, Raphael Trotman, during a recent interview...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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