Thursday, October 28, 2021

Latest News

Hess says Yellowtail is one of the world’s best projects

When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as “one of the best projects...

Exxon says it fully supports pragmatic, collaborative approach to building local capacity in Guyana

ExxonMobil says it truly believes that building local capacity will play a key role in maximising benefits to the people of Guyana and fully...

Hess maintains financial strength with US$155M net income in Q3

Hess Corporation disclosed during its earnings call on Wednesday that it closed the 2021 third quarter with a net income of US$115 million, or...

Maersk Drilling sells Mærsk Inspirer for US$373 million

Maersk Drilling announced on Thursday the successful closing of the previously announced divestment of the combined drilling and production unit Mærsk Inspirer (now named Inspirer) to...

Exxon’s mitigation measures will reduce emissions at giant Yellowtail development – EIA

The greenhouse gas (GHG) emissions that would be released from ExxonMobil’s fourth development project at the Yellowtail field will be reduced by 80% as...

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Guyanese should retain majority stakes, profits in partnerships with foreign businesses – Tucker

When local and foreign businesses form partnerships to tap into opportunities in the oil and gas sector in Guyana, the Guyanese partner should not...
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Latest News

Hess says Yellowtail is one of the world’s best projects

When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as “one of the best projects...

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Opinions

Future deepwater fields will deliver twice the average volume of oil

By Andrew Latham, Vice President, Energy Research - Wood Mackenzie These are challenging times for upstream oil and gas, as the industry navigates unprecedented uncertainty. But the pain is not distributed equally. Growth from deepwater is much faster than from upstream overall, with production set to rise from 10 mmboe per day in 2021 (6% of global supply) to over 17 mmboe per day by 2030 (10%). We expect almost half of the oil and gas...

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