Featured

Shell Western Supply and Trading Limited will lift its third and final 1 million barrels of Liza Crude next week under the existing contract it has with the government of Guyana which could see the country’s revenue from oil...

(Bloomberg) Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5%...

As COVID-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now changing its base case scenario for oil demand, incorporating...

(Reuters) - China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the...

Assuming that the joint venture will have limited facilities for the reinjection or storage of natural gas, the ability of the parties to take their natural gas entitlement directly affects the ability of the operator to maintain expected levels...

Updated: July 24, 2020 Chart 1: Coronavirus Healthcare Status in Guyana The chart above highlights the trend of the healthcare status of patients who have contracted the coronavirus, from March to July 23, 2020.  The average number of patients at institutional...

When one takes into consideration the impact of the COVID-19 pandemic on global demand for oil as well as increasing calls for a shift to renewable sources of energy, many industry stakeholders have been moved to question whether the...

The world’s largest oil-field services company, Schlumberger Ltd., is moving to cut more than 21,000 jobs as it posted its weakest sales in 14 years amid a slash in spending by oil producers in response to a historic drop...

Scientists from ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material that could capture more than 90 percent of CO2 emitted from industrial sources, such as natural gas-fired power plants, using low-temperature steam, requiring less...

Alistair Routledge, the new President of ExxonMobil Guyana says he is looking to build on the accomplishments the company has made over the past several years, as he takes up the top leadership role. That success includes 16 oil discoveries,...