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Yearly Archives: 2017

Trump administration proposes rollbacks to offshore oil drilling safety measures

(Market Watch) Regulators in the Trump administration are proposing to roll back safety measures put in place after the 2010 Deepwater Horizon oil spill,...

Nigerian Ports Authority moves against debtors; considers stopping Total vessel from entering waterways

(Nigerian Tribune) The Federal Government on Friday gave indications that the $3.8bn Egina Floating Production Storage and Offloading (FPSO) project being handled by the Lagos Deep...

Where to refine Guyana oil still under active discussion – Trotman

A decision has not yet been made by the Guyana government as to where the South American country will refine its share of oil...

Exxon open to selling petroleum to domestic buyers – Country Manager

ExxonMobil Guyana says it is open to examining the viability of selling petroleum to buyers in the South American country, outside of its obligation...

US$18M signing bonus not cost recoverable – Trotman

The US$18M signing bonus that ExxonMobil paid the Government of Guyana upon the signing of an updated Production Sharing Agreement (PSA) in 2016 will...

Trotman confirms US$1M per day earnings from oil production; says contract provides “best of...

Guyana’s Minister of Natural Resources, Raphael Trotman, said Thursday that the updated petroleum agreement arrived at between US oil major ExxonMobil and the South...

‘Sorry for those expecting scandal bombshells’ – Fmr Natural Resources Minister

Following the much anticipated public disclosure of the petroleum agreement between Guyana and ExxonMobil, a former government minister who headed the natural resources ministry...

Liza SURF contractor Saipem loses arbitration in Algerian LNG plant dispute

The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against The ICC International Court of Arbitration, following an arbitral tribunal, has ruled...

‘Unreasonable to compare Guyana’s PSA to those of more mature countries’ – Exxon Country...

Country Manager of ExxonMobil in Guyana Rod Henson said it is unreasonable to compare the agreement signed between his company and the Government of...

Guyana Government releases ExxonMobil contract

The Production Sharing Agreement (PSA) between the Government of Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited was released today at a...