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Brazil’s Petrobras reduces on-site workforce by 50% amid virus efforts

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and production facilities, amid expanding efforts across Latin America's biggest country to limit social contact and avoid dissemination...
Exploration

Virus delays oil exploration offshore Bahamas

OilNOW -
(Tribune Business) An oil explorer has delayed the drilling of its first well in Bahamian waters until late May/early June to ensure the coronavirus crisis does not cost it “millions of dollars”. Simon Potter, the Bahamas Petroleum Company’s (BPC) chief...
News

Bristow deploys helicopters for corona evacuations in UK

OilNOW -
Bristow Helicopters has successfully repatriated offshore workers in the oil and gas industry with suspected cases of the novel coronavirus – COVID-19 – using three specially-configured former search and rescue aircraft. Three suspected COVID-19 cases have been flown from offshore...
News

Stabroek co-venturer CNOOC appoints new president

OilNOW -
CNOOC Limited announced on Friday the appointment of Hu Guangjie as Executive Director and President. The company said Xu Keqiang has resigned as the President and he remains as an Executive Director and the Chief Executive Officer of the Company. CNOOC...
News

Venezuela to close pumps as gas runs short, viral outbreak grows

OilNOW -
(Bloomberg) -- Venezuela’s government is shutting fuel stations nationwide to ration dwindling gasoline inventories as a quarantine designed to stop the coronavirus paralyzes the country, seven people said. Just a few dozen of Petroleos de Venezuela SA’s 1,800 gas stations...
Exploration

How will the oil price crash hit the upstream sector?

OilNOW -
(Wood Mackenzie Analysis) The coronavirus outbreak has derailed OPEC+, thrown the oil market into turmoil and sent an already unloved sector into freefall, setting in motion a chain of events that led to the biggest fall in the oil price...
Opinions

Impact of oil price shock on Guyana’s macroeconomic activities

Bobby Gossai, Jr. -
Crude oil is an important source of energy and used in domestic as well as transport and industrial sector widely. This is the reason it is considered as the crucial and important factor of economic development of the country....
News

Largest oil supply surplus in history about to hit global market

OilNOW -
The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10 million barrels per day (bpd). An exclusive Rystad Energy analysis...
Exploration

Tullow writes off Jamaican oil exploration licence

OilNOW -
(The Gleaner) Tullow oil Plc has fully written off its oil exploration licence for the Walton-Morant Basin offshore Jamaica, on which it has taken a US$36-million hit. The write-off relates to what the company indicated in its most recent earnings report...
News

Stabroek Block operations could be affected due to COVID-19 disruptions – ExxonMobil

OilNOW -
The impact of the coronavirus (COVID-19) outbreak globally continues to impact the oil and gas industry and could see operations at Guyana’s Stabroek Block slowing down as ExxonMobil grapples with travel restrictions which is affecting the movement of personnel...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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