Regional

Chinese oil & gas companies come big at OTC

A number of Chinese companies participated in the 48th Offshore Technology Conference (OTC), which kicked off Monday in Houston. Although the organizer did not give an exact number of Chinese companies attending this conference, it is a fact that more...

OTC: Oil companies should beef up cyber security

As oil companies outfit offshore platforms and drilling rigs with more automated, interconnected devices such as sensors, they should pay more attention to keeping those systems protected from online attacks, a speaker said at the Offshore Technology Conference on...

Guyana open to receiving support for oil & gas training from Australia

Guyana has been actively reaching out to its international partners for support and advice as the country continues to put systems in place for oil production, set to begin in 2020. One area where maximum support is needed is...

Trinidad’s Petrotrin investigating oil spill

Trinidad and Tobago State owned Trinihas established a team to investigate the cause of the oil spill where hundreds of barrels of black crude flowed into the Gulf of Paria from a leak at the Pointe-a-Pierre refinery which occurred...

ExxonMobil recommits to global support for malaria

In recognition of World Malaria Day, ExxonMobil announced on Tuesday that it is renewing support for local and global organizations working to end malaria around the world. Grants made this year will continue ExxonMobil’s longstanding support for efforts to...

Exxon making big time push for shale in South America

ExxonMobil Corporation will spend close to one billion dollars this year to ramp up the production of natural gas at the Vaca Muerta shale play located in Neuquen, Argentina. The governor of Neuquen province, Omar Gutierrez, said in a statement...

Apache hits dry well offshore Suriname

Apache Oil and Gas Corporation has failed to find commercial quantities of oil at its Kolibrie-1 well, offshore Suriname. The closely-watched drilling operations took place 129km off the coast of the South American country, in Block 53. The Noble Douglas drill...

Oil wealth cannot cure bad governance; Venezuela in free-fall

With proven oil reserves of almost 300 billion barrels, Venezuela surpasses Saudi Arabia as the country with the largest reserves in the world. But massive oil wealth has not been enough to mask years of poor governance and unsustainable...

Trump blocks Exxon from drilling for oil in Russia

(CNN) The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia. "The Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Treasury Secretary Steven...

BP starts up onshore compression project in T&T

BP Trinidad and Tobago LLC (bpTT) announced on Thursday the start-up of the Trinidad onshore compression (TROC) project - one of seven major upstream projects BP expects to bring online in 2017. Full start-up will take place over the next...

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Cost estimate for Exxon’s Whiptail project slashed by US$200 million

ExxonMobil’s cost estimate for the Whiptail development, recently approved by the Guyana government, has been slashed by approximately US$200...