ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015.
The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
(Al Jazeera) Iran's foreign minister on Sunday warned the United States against deploying its navy in the Caribbean to disrupt Iranian fuel shipments to Venezuela.
According to an oil shipment analyst, five Iranian-flagged tankers loaded with tens of millions of...
The COVID-19 pandemic and decline in oil prices are causing major economic disruptions to crude producers around the world forcing them to adjust their projected revenue inflows downward as lockdown measures continue to curtail demand.
Americas Market Intelligence (AMI) experts...
The members of the Organization of the Petroleum Exporting Countries (OPEC) negotiate over production allocations. This is as opposed to restricting their choice set to non-cooperative or fully cooperative strategies. There are two stages in the OPEC decision tree...
When implementing cash transfers from oil, Chatham House expert, Dr. Valerie Marcel, firmly asserts that great caution needs to be taken. During an interview with OilNOW, Dr. Marcel categorically stated that it should not be done across the board....
WATCH VIDEO - SBM Offshore’s first Fast4Ward® hull for the Liza Unity FPSO project moves into the Keppel FELS dry-dock. During this phase, the mooring structures are integrated, and the first topsides modules are lifted onto the vessel.
https://youtu.be/T1-vecN-gcg
(Reuters) - Brazil’s state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America’s...
(Bloomberg) One of the oil market’s most obvious signs of oversupply -- millions of barrels being stored on tankers all over the world -- is showing very tentative signs of shrinking.
On Thursday, North Sea oil traders offered almost 8...
US oil major ExxonMobil will be focusing heavily on development drilling at the Stabroek Block offshore Guyana in the coming months.
The company has been working to ensure the safety and health of its employees and the crews working offshore...
Westmount Energy Ltd has purchased 1,350,000 common shares in JHI Associates Inc through the issue of 15,930,000 new ordinary Westmount shares which will represent approximately 12.7% of Westmount's enlarged issued share capital. The transaction prices the New Ordinary Shares...
