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Plexus gets green light to sell subsidiary to TechnipFMC

OilNOW -
Plexus Holdings PLC (LON:POS) has confirmed that the proposed sale of a subsidiary business to TechnipFMC will go ahead after shareholders backed the deal. TechnipFMC has been awarded a contract by ExxonMobil for the engineering, manufacture and delivery of the...
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World Bank, Norway back Ghana O&G capacity program

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The World Bank and government of Norway are funding an Accelerated Oil and Gas Capacity Program spearheaded by the West African country’s Ministry of Energy, aimed at equipping Ghanaians with the skills and competences required by the oil...
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Exxon, Hess and Nexen plug US$50,000 into Guyana Hurricane relief efforts

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ExxonMobil and its joint venture partners, Hess and CNOOC Nexen today donated US$50,000 (G$10M) to Guyana’s hurricane relief efforts for territories across the Caribbean which were devastated by Hurricanes Irma and Maria. A statement from the Ministry of the Presidency...
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‘We must have a thorough understanding of our basin’ – Trotman

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Guyana’s Minister of Natural Resources Raphael Trotman has described the task of preparing the country’s institutions and legislative frameworks for the oil and gas sector as “monumental.” He was speaking last evening at the opening ceremony for the GTW Guyana...
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Guyana urged to guard against Trinidadian takeover of oil & gas sector

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The Government of Guyana, private sector and citizens at large are being urged to guard against what is being described as a clear attempt by Trinidad & Tobago to monopolize opportunities in the South American country’s emerging oil and...
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SBM Offshore hit with rising bill for corruption cases

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Dutch floater specialist, SBM Offshore, the same company contracted by ExxonMobil affiliate Esso Exploration & Production Guyana Limited to build an FPSO, has been caught up in corruption cases in Brazil that are now proving to be costly. The company...
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Chevron green lights its first Canadian shale development

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(Reuters) - Chevron Canada, a unit of global oil major Chevron Corp, is forging ahead with its first ever Canadian shale play development, targeting the East Kaybob region of central Alberta's Duvernay formation. The decision, announced by the company on...
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Niger Delta Avengers issue ‘bloody’ new warning to oil companies

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The Niger Delta Avengers (NDA) has issued a ‘brutal and bloody’ new warning to oil and gas companies operating in Nigeria’s Niger Delta region.     “This outing will be brutish, brutal and bloody, as we…shall crush everything we meet...
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China may introduce new way to price oil in bid to dethrone the dollar

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(CNBC) China is looking to make a major move against the dollar's global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets' help: Beijing may introduce a new way to price...
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Tullow secures Ghana approval for greater Jubilee field development

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Tullow Oil has secured government approval for its Greater Jubilee full-field development plan off Ghana. This is according to joint venture partner Kosmos Energy. In their Q3 2017 results released today, Kosmos said, “In mid-October, the partnership received approval for...
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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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