(Total, 6.Aug.2020) â Following the regulatory approvals and the agreement of partners, Total closed the sale of UK North Sea non-core assets to NEO Energy. “As announced on May 20, we have worked closely with HitecVision and its portfolio company NEO Energy to conclude this sale. This sale of assets […]
Tag: UK
Women At The Top Of UK Energy Sector Rises
(PwC, 3.Jun.2020) â POWERful Women and PwC have today published the latest âstate of the nationâ on the gender balance at the top of the UK energy industry. The 2020 annual board statistics1 show progress in the number of women occupying board and executive board seats â now 21% and […]
Jethro-1 Delivers The Goods For Tullow Offshore Guyana
(WoodMac, 12.Aug.2019) â The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than 100 million barrels of recoverable oil, subject to appraisal. Commenting on the discovery, Julie Wilson, director, global exploration, at Wood […]
Tullow Oil, Partners Exempted From Range Of Taxes In Guyana
(Stabroek News, 17.May.2019) â The National Assembly on Wednesday assented to tax concessions for the United Kingdom-headquartered Tullow Oil as well as its partners. âI humbly do my duty in seeking that this order be affirmed,â Finance Minister Winston Jordan, in whose name the order was laid, told the House […]
Petrobras Announces $1.4bn Sale Of African Oil Business
(Ft.com, Andres Schipani, Neil Hume, 31.Oct.2018) â Brazilâs state-controlled oil company Petrobras agreed to sell its 50 per cent stake in an African enterprise to a consortium led by trader Vitol, the worldâs biggest independent energy trader. Vitol and its partners, Africa Oil Corp and Delonex Energy, will pay $1.4bn […]
Air BP Nationalization In Bolivia “Technically” Not Finalized
(Energy Analytics Institute, Jared Yamin, 14.Oct.2018) â Boliviaâs Hydrocarbon Minister Luis Alberto SĂĄnchez, acknowledged that nationalization of Air BP, a subsidiary of British Petroleum, in charge of marketing jet fuel and airplane gasoline, wasnât completed due to lawsuit filed by Aerosur. âWe havenât finalized the transfer of shares in Air […]
Argentinaâs Conventional Oil and Gas Attract Explorers
(Ft.com, Charles Newberry, 23.Sep.2019) â Fresh discovery indicates life beyond Vaca Muerta. A few years ago, when the giant shale play of Vaca Muerta was starting to lure oil majors such as Chevron, ExxonMobil and Shell to Argentinaâs south-west, a small company called Roch struck oil far away at the […]
Petroleum Geology of Mexico and the Northern Caribbean
(The Geological Society, 25.Jul.2018) â The Gulf of Mexico is a world class prolific hydrocarbon system. As a result of recent energy reform the Mexican sector of this basin has been open to international companies for the first time through a series of competitive licence rounds. The first phase of […]
Trinidad, Guyana and Suriname: Challenges
(AIPN, 27.Jun.2018) â Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a discussion in London. The select group will consist of Kevin Ramnarine, former Trinidad & Tobago Energy Minister (2014-15); Energy Strategic Advisor and Lecturer Carlos Bellorin, […]
Venezuela’s Ex-Oil Czar Sees Economic Collapse Accelerating
(AP, 27.May.2018) â Venezuela’s former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro’s re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment and leads to more international sanctions […]
Mexico Awards Blocks In Final Oil Auction Before Election
(Reuters, David Alire Garcia & Marianna Parraga, 27.Mar.2018) — Mexico awarded just under half of the 35 shallow-water blocks it tendered on Tuesday, in an auction muddied by the promises of the presidential frontrunner to review contracts awarded under a historic energy opening if he wins the July 1 election. […]
Shell Made Mistake Pulling Out of Guyana basin
(CaribbeanLife, Bert Wilkinson, 31.Jan.2018) â Now that Guyanaâs oil and gas basin has been deemed as one of the hottest and most exciting prospects in the world, Shell Oil has to be regretting its decision to withdraw as an investment partner with United States giant ExxonMobil, which has so far […]
Mexico Tops BP Growth Plans
(Reuters, Jessica Resnick-Ault, 17.Jan.2018) â BP is expanding its retail presence with plans to open 3,000 branded retail stations globally in the next five years, half in Mexico, as that market becomes increasingly open to international business. The company already has over 100 retail outlets in Mexico, many operated by […]
The Caribbean Poised To Become Major Oil Region
(OilPrice.com, Haley Zaremba, 22.Aug.2017) â In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the fossil fuels industry, despite its proximity to the vast oil reserves of Venezuela. Now, the […]
Executive Profile: YPF New CEO Ricardo Darré
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) â Ricardo DarrĂ© will assume the position of CEO at YPF on July 1, 2016, taking over the helm from the interim CEO. DarrĂ© graduated from the Buenos Aires Technology Institute (ITBA by its Spanish acronym) with a specialization in mechanical and industrial engineering, […]
Boliviaâs Nationalization of Oil and Gas
(Council on Foreign Relations, Carin Zissis, 12.May.2006) â In a region seen as turning leftward, forging alliances would seem a natural course of events. But Bolivian President Evo Moralesâ decision to nationalize the oil and gas industry is exposing tensions, causing experts to say there is more diffusion than alliance-building […]