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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...
News

US exit from EITI will not affect ExxonMobil participation in the anti-corruption body – Brasington

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The decision by the United States government this week to withdraw from the Extractive Industries Transparency Initiative (EITI) will have no impact on ExxonMobil’s participation in the anti-corruption body and engagement in implementation activities in countries outside of the...
News

Spain arrests four former Venezuelan officials for U.S. probe

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(Reuters) - Spanish authorities arrested a former Venezuelan deputy minister and three former executives at Venezuelan state companies for alleged links to money laundering and international corruption, Spain’s Civil Guard said on Friday. The operation was carried out with the...
News

Grenada gunning for commercial oil & gas

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Global Petroleum Group (GPG) has conducted a search for oil and gas offshore the Caribbean island of Grenada, raising hopes among the population of just over 107,000, that confirmation of a big discovery could be imminent. The New Today reports...
News

Exxon to acquire interest in Brazil’s Carcara oil field from Statoil

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ExxonMobil announced Friday that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2...
News

Brazil judge suspends pre-salt oil auctions set for Friday

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(Reuters) - A federal judge in the Brazilian state of Amazonas issued an injunction on Thursday ordering the suspension of the billion-dollar auctions of pre-salt oil and gas rights scheduled for Friday. The injunction was sought by the leftist Workers...
News

ExxonMobil to resume exploration off Brazil

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US supermajor ExxonMobil is set to resume exploration activity off Brazil in the first half of 2018 after a nearly eight-year hiatus. The company will be shooting 3D seismic covering two ultra-deepwater blocks it recently farmed into in the...
Exploration

US to offer 77 million acres for oil & gas exploration in Gulf of Mexico

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(Energy Business Review) The US Interior Department (DOI) has announced plans to offer 76.9 million acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida in lease sale for oil and gas exploration...
News

Guyana, Suriname mulling joint industrial venture for oil & gas

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Guyana’s Minister of Natural Resources, Raphael Trotman, has described his recent participation in the annual meeting of the New Petroleum Producers Discussion Group in Suriname as fruitful. The New Petroleum Producers Discussion Group is an initiative of London-based Chatham House,...
News

Mexico looking to hold third oil & gas auction in 2018

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(Reuters) - Mexico’s oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender in an election...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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