TotalEnergies CEO Patrick Pouyanné has announced that 2023 is set to be a big year for Suriname, as the company looks to consolidate its oil pool offshore. Speaking about the company's activities, Pouyanné explained that an appraisal well is...
London-based bp reported a dip in its first quarter profits after raking in big bucks in 2022 because of the Russia-Ukraine war. Bp said it earned US$8.2 billion in Q1 profits, down from US$10.8 billion in the last quarter.
Its...
With prime assets in Guyana and the Permian Basin supporting a multi-billion dollar balance sheet each quarter, Chief Executive Officer (CEO) and Chairman of ExxonMobil Corporation, Darren Woods said his company's performance remains rock-solid and well ahead of the...
The Georgetown Chamber of Commerce & Industry (GCCI), a key private sector group in Guyana, signed a Memorandum of Understanding (MOU) with the South Louisiana Economic Council (SLEC) at the Annual Offshore Technology Conference in Houston, Texas. This move,...
Guyana's Vice President Dr. Bharrat Jagdeo said April 27 that the review of the field development plan for the Liza project has been completed, to give effect to the Gas-to-Energy (GTE) project.
“The field development plan for Liza has been...
Oil and gas engineering firm TechnipFMC has been awarded a large contract to provide the subsea production system for ExxonMobil Guyana's Uaru project. The contract covers the supply of 44 subsea trees, 12 manifolds, and associated equipment.
This is the...
Guyana Office for Investment (GO-INVEST) said Tuesday that a meeting held with the Venezuela Chamber of Petroleum was merely a courtesy visit with no substantive outcome at this juncture.
GO-INVEST had posted about the meet which occurred on April 1...
By Dr. Ulric Trotz - OilNOW
Two recent developments on the climate finance landscape cause me some concern.
The first is the agreement at the 2022 Conference of the Parties (COP) of the United Nations Climate Change Convention (UNFCCC) in Egypt,...
SBM Offshore has announced a new 10-year Operations and Maintenance Enabling Agreement with ExxonMobil Guyana, for the operations and maintenance of floating production, storage and offloading (FPSO) vessels Liza Destiny, Liza Unity, Prosperity and ONE GUYANA.
This agreement has set...
American multinational, ExxonMobil Corporation disclosed on April 28 that its Beaumont refinery in Texas is now the second largest in the United States (US) on account of a 250,000 barrel-per-day expansion project. The refinery now has a processing capacity...
