The emerging oil and gas industry in Guyana, where ExxonMobil has to date discovered an estimated 3.2 billion recoverable oil-equivalent barrels, will not only fuel economic growth in the South American country, but across the world. This is according...
Noble Energy, Inc. (NYSE: NBL) announced on Thursday that a $750 million share repurchase program has been authorized by its Board. In addition, the Company has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC ("Fieldwood") for a total value of $710...
Former Minister of Energy and Energy Affairs in Trinidad and Tobago, Kevin Ramnarine, believes Guyana would do well to guard against any borrowing on its projected income from oil since these revenues are merely estimates, being made in an...
Guyana’s push for improved telecommunications infrastructure and e-governance connectivity along with its secure geopolitical environment and stable currency rate make it an ideal investment destination. This is according to Justin Nedd, Chief Executive Officer (CEO) of the American owned...
(Oil and Gas Facilities) Shell and SBM Offshore will be presented with the OTC Distinguished Achievement Award in recognition of the successful development of the world’s deepest oil and gas project; the Gulf of Mexico Stones field, using the Turritella FPSO....
The participation of more than 200 companies and 600 delegates at the just concluded Guyana Petroleum Exhibition and Summit (GIPEX) has been described as “impressive” by former Alberta Premier, Alison Redford.
Speaking to OilNOW on the sidelines of GIPEX 2018,...
Algeria’s state energy firm Sonatrach and Italian oil firm Saipem signed an agreement on Wednesday to end their legal disputes, company executives said.
“It’s a big day for Saipem and for me,” Saipem’s CEO Stefano Cao told reporters.
Sonatrach’s CEO Abdelmoumen...
(CNN Money) The country's oil output in January fell to its lowest level in nearly 30 years, not including a brief oil strike in 2003, according to S&P Global Platts.
A monthly OPEC report published Monday revealed Venezuela pumped 1.6...
(Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday.
The Paris-based IEA raised its forecast for oil demand growth in...
Source One Oil & Gas Marine Supplies - a subsidiary of heavy duty machinery company Japarts - has launched an ambitious plan to construct a full service and logistics shore-base facility for oil and gas drilling and exploration activities...