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Powerful quake hits central Papua New Guinea, disrupts oil and gas operations

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(Reuters) - A powerful 7.5-magnitude earthquake struck Papua New Guinea’s Southern Highlands province early on Monday, the U.S. Geological Survey (USGS) said, disrupting communications and oil and gas operations. The tremor hit near the centre of Papua New Guinea’s main...
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Houston firm sues ex Venezuelan oil czar Ramirez over bribes

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(ABC News) Venezuela's former oil czar Rafael Ramirez was sued Friday by a Houston company that alleges he was behind demands for at least $10 million in bribes to sign off on deals to sell its energy assets in...

CGX Energy Petroleum Contract

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https://oilnow.gy/contracts/cgxenergy-psa.pdf    
News

Guyana President downplays ‘renegotiation’ of ExxonMobil contract

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Guyana’s Head of State, President David Granger has downplayed the notion of renegotiating the Production Sharing Agreement between the South American country and ExxonMobil affiliate - Esso Exploration and Production Guyana Limited. Speaking to members of the media on Wednesday...
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Guyana must avoid borrowing on projected oil revenue – Fmr T&T Energy Minister

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Former Minister of Energy and Energy Affairs in Trinidad and Tobago, Kevin Ramnarine, believes Guyana would do well to guard against any borrowing on its projected income from oil since these revenues are merely estimates, being made in an...
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First shipment of pipes for oil production arrives in Guyana

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The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...
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Tapping into oil and gas opportunities: tips to getting in

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The direct and indirect business opportunities driven by the petroleum industry are significant. In Newfoundland and Labrador, our business community experienced significant growth as our petroleum industry matured. This was driven with new opportunities to directly service and supply the...
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Alberta’s oil industry facing perfect storm of awful

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(Hart Energy) A funk has settled over the Alberta oil industry as low prices, pipeline system constraints, storage shortfalls, and limited rail shipping have combined in a perfect storm that is costing producers millions of dollars every day. While the...
News

Shell sweeps nine of 19 blocks awarded in Mexico oil auction

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(Reuters) - Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major raised its big bet on Latin America’s deep waters. Mexican...
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Israel, Lebanon renew spat over disputed oil-and-gas territory

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(Bloomberg) Lebanon’s prime minister and other senior figures in the country’s government reacted angrily to comments by an Israeli official once again laying claim a disputed maritime area said to be rich in oil and gas. International oil companies are...
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Ali signals more oil exploration with stronger Production Sharing Agreement

Guyana's President, Dr. Mohamed Irfaan Ali, has signaled that his administration will embark on an expanded exploration push. “We...

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