Regional

Oil fell and Venezuela collapsed

Understanding the current political and socio-economic situation in Venezuela is not as simple as reading the news of the day. In order to grasp this ‘man made calamity’ according to Fernando Menendez – Economist and Senior Fellow from the...

Hess named to Dow Jones Sustainability Index

Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eighth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders...

US States sue Trump administration over fuel economy fines

(AP) New York, California and three other US States are suing the Trump administration, saying it must put in place higher penalties for automakers that violate federal fuel economy standards. The U.S. Department of Transportation more than doubled civil penalties...

ExxonMobil says “significant progress” made in restarting Texas operations

ExxonMobil said Tuesday that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and other logistical infrastructure in the Houston area. The company’s fuel terminals in Houston...

US team arriving Wednesday in Guyana to finalise oil spill response plan

A team comprising members of the United States Coast Guard (USGS) and the US Department of Interior (DOI) will be in Guyana from September 6 – 8 to help finalise Guyana’s National Oil Spill Emergency Plan. The team will be visiting Guyana...

ExxonMobil increases Harvey relief effort commitment to $9.5M

Exxon Mobil Corporation said Thursday it had increased its financial commitment for Harvey relief to up to $9.5 million, which includes a new employee and retiree donation match program and in-kind donations to the American Red Cross for recovery efforts...

Exxon shuts giant refinery as Harvey hits Texas energy hub

(CNN) Tropical Storm Harvey is tearing through one of the nation's most important energy hubs. Throughout the Gulf Coast, key refineries and production facilities have been forced to close. And rain and flooding are continuing to wreak havoc on Houston...

Eco nears completion of survey on Orinduik Block

Eco (Atlantic) Oil & Gas Ltd. says it is wrapping up a 2,550 km2 3D seismic survey on the 1,800km2 Orinduik Block offshore Guyana, together with its Operating Partner, Tullow Oil plc. The oil junior had announced the commencement of the survey...

Statoil, YPF to explore shale oil, gas in Argentina

(Reuters) - Norway's Statoil has signed a deal with Argentina's leading energy company YPF to jointly explore for onshore shale oil and gas resources in the Vaca Muerta formation, the company said on Friday. Statoil and YPF will each hold...

Gas prices rise in US as Hurricane Harvey catches oil companies by surprise

(NBC) Oil and gas companies scrambled Thursday to prepare for Hurricane Harvey, which developed so quickly in the Gulf of Mexico that many of them didn't have time to respond. Royal Dutch Shell shut down and evacuated its 22-well Perdido...

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“There’s a job waiting for you offshore. Meet the industry’s needs,” Routledge tells 4th batch of FacTor-trained Guyanese technicians

ExxonMobil Guyana President Alistair Routledge told the fourth cohort of trainee technicians graduating from the Guyana Technical Training College...