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bp ventures invests US$10M in WasteFuel to accelerate bio-methanol production for shipping decarbonisation

OilNOW -
bp has announced an expansion of its investment in bioenergy with a commitment of US$10 million through bp ventures in a Series B investment round for WasteFuel, a California-based biofuels company.  WasteFuel specialises in converting bio-based municipal and agricultural waste...
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Semi-submersible, harsh environment rigs 100% sold out after more than a decade – Westwood

OilNOW -
In an impressive surge in just six months, the utilisation of marketed sixth-generation harsh environment semisubmersibles has experienced a 14% increase, resulting in full utilisation at a staggering 100%, Westwood Energy said in a recent report.  This level of utilisation...
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Guyana got US$150 million from sale of two profit oil lifts in June

Kemol King -
Guyana’s Natural Resource Fund (NRF) received payments for two lifts of profit oil in June, amounting to US$150 million. These represent the sixth and seventh lifts owed to Guyana for the year, from oil production at the ExxonMobil-operated Liza...
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Fire breaks out at PEMEX Nohoch-A Link Platform, leaving six injured

OilNOW -
Petróleos Mexicanos (PEMEX) has reported a fire incident that occurred July 7 at approximately 5:25 a.m. at the Nohoch-A Link Platform in the Gulf of Mexico, followed by another fire at the Compression Platform. In response, the Emergency Shutdown...
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Guyana demonstrates it’s possible to use fossil fuels responsibly and protect the environment – Blinken

OilNOW -
US Secretary of State Antony Blinken highlighted Guyana's remarkable achievements in responsibly utilising fossil fuels while prioritising environmental protection. He emphasized that the country's efforts serve as an example for others. Blinken stated, "Now, Guyana will soon be the highest...
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October Investment Conference in London seeks to draw engagement from Guyana diaspora

OilNOW -
London is set to host the inaugural Guyana Diaspora Sustainability & Investment Conference (GDSIC) on October 3-4, 2023. The conference, to be held at the prestigious Church House Westminster, will bring together influential figures and business leaders to explore...
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Low natural gas prices, weaker refining margins hit Exxon’s Q2 profits

OilNOW -
ExxonMobil has indicated a significant decline in operating profits for the second quarter, as per a regulatory filing. The operating earnings fell to approximately US$7.8 billion compared to US$17.85 billion in the same period last year. The previous year's...
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Noble awarded lucrative contract by PETRONAS for offshore Suriname exploration well

OilNOW -
PETRONAS Suriname E&P B.V. has recently awarded a significant contract to Noble Drilling which involves the deployment of the semisubmersible deepwater rig, Noble Discoverer, to drill an exploration well in Block 52, located offshore Suriname. This announcement follows the...
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Exxon forging ahead with pipeline projects in South America, emphasizing gas development agenda

OilNOW -
Gas remains key to ExxonMobil’s development agenda as seen by the company’s acceleration of two major pipeline projects in the South American region.  Over in Argentina, Exxon recently commenced the engineering study phase for the development of a new pipeline...
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Critical analysis of Guyana’s development path emerges in academic debate

OilNOW -
In an engaging Oxford-style debate, two prominent voices in Guyana; Elson Lowe and Joel Bhagwandin, engaged in a thought-provoking discussion on the premise - "Guyana is not on the right development path, given its newfound oil resources." The event,...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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