Former Minister of Energy in Trinidad and Tobago, Kevin Ramnarine, believes that during 2018 the country's economy will benefit from petroleum production by BP’s Juniper project; said to be the largest new project there in several years.
BP has invested around...
(Reuters) Brazil’s oil output fell 1.21% in November from October, regulator ANP said on Jan. 2, after state-run oil company Petróleo Brasileiro SA (NYSE: PBR) carried out maintenance work at some production units.
ANP said oil output was 2.595 million...
(Reuters) Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Jan. 3 that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption...
(Market Watch) Regulators in the Trump administration are proposing to roll back safety measures put in place after the 2010 Deepwater Horizon oil spill, a revision that would reduce the role of government in offshore oil production and return...
The Government of the Federation of Brazil has yielded to demands for higher minimum percentages as they edge closer to an industry-wide local content policy.
Brazil in recent years has become known for its stringent local content requirements; some of...
(Reuters) - Canadian oil financing firm Oleum Capital Inc plans to raise $200 million in mid-January through what it calls the world’s first offering of both shares and cryptocurrency tokens, a senior company executive told Reuters.
The Calgary, Alberta-based company,...
The results of a survey released Tuesday by Transparency International show that compared to early 2016 more Americans now believe corruption is on the rise in the USÂ and that the White House is the most corrupt of nine key...
(CARIBBEAN NEWS NOW) – Some four years after then leader of the opposition in Saint Lucia, Stephenson King, wrote to the governor general, Dame Pearlette Louisy, seeking clarification regarding an oil exploration licence purportedly granted to Colorado oilman Jack Grynberg...
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...
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...
