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World needs new offshore oil investments to avoid shortages: Hess

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(Reuters) - Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on...
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Tullow gunning for oil this month at Suriname’s Araku prospect

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Tullow oil is hoping to strike it big offshore Suriname at the Araku oil prospect on Block 54, set to begin early this month. The UK-based oil and gas exploration company is targeting a Jubilee look-alike play in the continental...
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Gulf Publishing Company launches LNG intelligence service

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Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, on Sunday the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry. A...
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FSU researchers to study fate of BP Oil spill

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(FSU) A team of research institutions led by Florida State University (FSU) has been awarded a $2.8 million grant to expand its understanding of how the 2010 Deepwater Horizon oil spill affected the ecology of the Gulf of Mexico. Eric...
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Chevron names Michael Wirth as Chairman & CEO

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Chevron Corporation announced Thursday that its Board of Directors elected Michael K. Wirth Chairman of the Board and Chief Executive Officer, effective February 1, 2018.  Wirth, who is currently vice chairman of the board and executive vice president of...
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TechnipFMC awarded EPCI contract for Statoil Peregrino Phase II project

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TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Norwegian multinational oil and gas company, Statoil. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in...
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Economist urges Guyana not to use oil money for “make-work jobs”

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Trinidadian Economist, Dr. Roger Hosein, is urging Guyana not to use oil revenue to create “make-work jobs” especially at elections time when politicians look to induce voters in order to secure their support.  The act of the State intervening...
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Exxon bets on Brazil; buys 10 oil blocks in auction

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(Reuters) - Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning 10 blocks in the country’s 14th round of bidding for oil exploration and production rights, helping the cash-strapped nation fetch a record 3.8 billion reais...
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Exxon adds 22,000 acres to Permian Basin resource

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Exxon Mobil Corporation announced Wednesday that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and...
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Guyana to set up portal for oil & gas opportunities

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Guyana’s Ministry of Foreign Affairs will soon establish a portal on its website that will allow persons in the Diaspora to see what opportunities are available to them in the oil and gas sector from ExxonMobil. Speaking during a Diaspora...
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Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over...

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