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Brazil judge suspends pre-salt oil auctions set for Friday

(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...

TechnipFMC projects slow deepwater recovery in 2018

(Chron) The world's largest offshore services company, TechnipFMC, reported that its revenues grew from the previous quarter, but the deepwater sector remains mired in a downturn. CEO Doug Pferdehirt said he sees the early signs of a recovery continuing into 2018...

Hess exiting Norway and Denmark

Hess Corporation (NYSE: HES) announced on Monday several additional steps in what the company says is the continued execution of its strategic plan to further focus its portfolio and allocate capital to higher return assets: An agreement to sell its...

African oil expert delivers presentation to packed audience in Georgetown

Theophilus Nyamko Ahwireng, former Chief Executive Officer of the National Petroleum Commission of Ghana delivered a well-received presentation on resource management, governance and sustainable development of the oil and gas sector to a packed audience in Georgetown, Guyana, on Monday. The...

This is us!

There is a television drama series with a catchy title –This Is Us! and it struck me that as Guyanese we have peculiar traits that define us and make us standout especially how we react to different situations. I...

Kosmos farms into Equatorial Guinea with three new contracts

The Ministry of Mines and Hydrocarbons of Equatorial Guinea, Kosmos Energy of the US and national oil company GEPetrol have signed three new production sharing contracts (PSC) for Block EG-21, Block S and Block W offshore Rio Muni. The...

Top oilfield services firms signal fourth-quarter uncertainty

(Reuters) - The world’s top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market...

Search suspended for missing worker after oil rig explosion in Louisiana

(ABC) The search for a missing Louisiana worker was suspended Monday evening after he was unaccounted for following an explosion on a large oil rig Sunday night. The Kenner Police Department said it fielded a flurry of 911 calls at 7:18 p.m....

WorleyParsons enters UK North Sea market with $228M acquisition

Australian engineering firm WorleyParsons Ltd (WOR.AX) said on Monday it would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler Plc AMFW.L for 228 million pounds ($298.22 million), marking its entry into the UK North...

Are we ready for prime time? Doing catch-up

I admit that during my tenure as Minister of Natural Resources one of my main preoccupations was speeding up the exploration campaign of Guyana’s hydrocarbon basin with the aim of timely extraction and production once commercial discoveries were proven. But...

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Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...