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Mexico investments in jeopardy as Guyana, Brazil and others push hard to develop oil resources

OilNOW -
Political instability has always been the Achilles' heel of Latin America. Investments in the region have often been jeopardized by governments who make changes to what came before. The energy sector has been particularly affected, as it has been...
News

After seizing assets from Exxon & ConocoPhillips, Maduro now says Venezuela open to oil investments

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(Bloomberg) --Inside a chic lounge, oil lobbyists and executives rub shoulders as Spanish, French and Italian can be heard in the halls. This isn’t the ZaZa boutique hotel in Houston, where global energy top brass like to stay. It’s...
News

Siemens awarded EPC contract for South America FPSO

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Siemens Energy said Friday it was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression...
News

PEMEX discovers billion-barrel oil field in Mexico

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(Bloomberg) --Petroleos Mexicanos (PEMEX) discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the Gulf of Mexico,...
News

Guyanese logistics company thriving in oil sector, expanding local supply chain

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Guyanese logistics company, Western Logistics has been thriving as a result of the business opportunities being provided by the oil and gas sector. Operations Manager of the company, Pradeep Ramoutar spoke of the role the oil industry played in the...
News

Top upcoming oil producer in western hemisphere urged to create level playing field for foreign investors

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Guyana is on a transformational journey as a result of the benefits of the oil and gas industry, and the United States’ Ambassador to Guyana, Sarah Ann-Lynch says that key to the country’s balanced growth is the creation of...
News

Guyana court orders Kaieteur News to pay former President GY$20 million over false oil blocks claims

OilNOW -
Former Guyana President, Donald Ramotar has been awarded GY$20 million (approximately US$96,000) in damages by High Court Judge, Justice Navindra Singh in his defamation suit against Kaieteur News and its sister company Kaieteur Radio, Publisher Glenn Lall and the...
News

Exxon firms up contract coverage for Noble drill ships targeting Guyana operations

OilNOW -
U.S oil major ExxonMobil has firmed up contract coverage for several Noble rigs under the Commercial Enabling Agreement it has with the drill company for operations in the Guyana-Suriname basin. The agreement defines contract terms for the continuation of...
News

Total confirms plans underway to deliver first oil at Suriname Block 58 by 2025

OilNOW -
French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around five years after the first major discovery was made at Maka Central-1, mirroring the rapid...
News

Guyana seeking internationally recognized law firm in push to boost legal, regulatory framework for oil & gas

OilNOW -
The Government of Guyana has applied for financing in the amount of US$20 million from the World Bank toward the cost of the Guyana Petroleum Resources Governance and Management Project (GPRGMP) and it intends to apply part of the...
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ExxonMobil warns oil and gas investment must be sustained to avoid global supply crisis

ExxonMobil is warning that “sustained investments are more important than ever” in oil and gas, with its newly released...

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