22 C
Georgetown
Wednesday, February 24, 2021
Home 2020 April

Monthly Archives: April 2020

ExxonMobil Guyana continues to take all precautions for COVID-19

0
As oil production operations progress at the Liza Phase 1 Development offshore Guyana, ExxonMobil, operator at the 6.6 million acres Stabroek Block, says it...

Venezuela’s PDVSA considers dramatic changes to revive oil production

0
New leadership at Petroleos de Venezuela SA is considering a major overhaul that could see the company streamlining its oil business and even forsaking...

Shell cuts dividends for the first time since World War II

0
Oil major Royal Dutch Shell said on Thursday it will be cutting dividend to shareholders for the first time since World War II, following...

ExxonMobil, Stabroek co-venturers plug GY$60M into COVID-19 relief efforts

0
The Civil Defence Commission (CDC), Salvation Army and Rotary Guyana have received more than GY$60 million to support COVID-19 relief programmes. ExxonMobil Guyana and the...

US oil surges 16% as inventories reportedly rise less than expected

0
West Texas Intermediate (WTI) for June delivery surged 17.10%, or $2.11, to $14.45 per barrel, while international benchmark Brent crude traded 4.8% higher at $21.49, CNBC reported on...

Global exploration & production revenues will fall by staggering 1 trillion dollars – Rystad...

0
The devastating effect of the COVID-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the...

Guyana racking up millions in oil revenue – royalty payments to begin on April...

0
In addition to the almost US$55M that has already been deposited into the Natural Resource Fund (NRF) account held by the Bank of Guyana...

Trinidad & Tobago oil production hits lowest since 1950s

0
Oil production in Trinidad and Tobago came down to the lowest point since the 1950s during the month of February this year as the...

Early April forecast sees oil demand falling by 15-18 million b/d – WoodMac

0
Wood Mackenzie’s Macro Oils Service’s early forecast for April sees oil demand falling by as much as 18 million barrels per day year-on-year with...

Venezuela appoints alleged drug trafficker El Aissami as oil minister

0
Venezuelan President Nicolas Maduro on Monday appointed his economy vice president, Tareck El Aissami, who has been indicted in the United States on drug...