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Guyana to raise gov’t royalties for future oil licenses

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(Reuters) - Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country’s Department of Energy said on Wednesday. U.S. energy giant Exxon, French group Total and Britain’s Tullow Oil...
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TechnipFMC bags India subsea contract

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TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. The company says these contracts cover the fabrication and installation of...
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Over 1,000 Guyanese worked on projects leading up to 1st floating oil production complex

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Over 1,000 Guyanese have been working on projects that culminated with the commissioning of the 1st floating oil production complex on Saturday in Singapore. The vessel will soon set sail for the South American country where oil production is...
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Total commits to transparency of contracts at EITI Paris conference

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Patrick Pouyanne, CEO of French multinational oil corporation Total, gave a commitment to supporting transparency and openness of contracts in its operations around the world. Pouyanne was speaking on Thursday at the Extractive Industries Transparency Initiative (EITI) Global Conference in...
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Liza Destiny ready to set sail for Guyana oil bonanza

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The Liza Destiny, the first oil production vessel to be placed in Guyana has been officially dedicated by the South American country’s First Lady, Madam Sandra Granger. In keeping with tradition and naming protocols, the dedication is performed by a...
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2019 EITI Standard launched with new requirements for contract transparency

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At the opening of the 8th Extractive Industries Transparency Initiative (EITI) Global Conference in Paris, outgoing Chair Fredrik Reinfeldt formally launched the 2019 EITI Standard. He said this is one of the most significant achievements of the outgoing EITI...
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Chevron looks for a way out from U.S.’s Venezuela oil sanctions

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(Bloomberg) Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. Chevron executives have been telling local staff that the company expects...
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Former Guyana President says no illegality surrounds award of oil blocks; calls probe ‘political ploy’

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Guyana’s former President, Donald Ramotar, who held direct responsibility for petroleum at the time offshore oil blocks, which are currently the subject of an anti-corruption probe, were awarded, is calling the investigation a political ploy designed to distract from...
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SARA ‘shooting in the dark’ with oil blocks probe – Chamber

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One of the lead groups representing businesses in the South American country of Guyana says while it stands firmly by the rule of law, it outrightly rejects the ‘reckless pronouncements’ being made by an anti-corruption agency regarding an apparent...
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Brazil’s Petrobras nears sale of offshore oilfields

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Brazil’s Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt, Reuters said in a report on Tuesday. Petrobras,...
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Two oil nations, one engineering crisis: Guyana short, Trinidad shrinking

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and...

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