(Forbes) As 2019 came to a close, oil prices were under pressure from the continued surge of U.S. shale oil. Although OPEC and its partners had already cut production by more than 1 million barrels per day (BPD), U.S....
An offshore worker on a North Sea platform has been quarantined over concerns around the outbreak of the coronavirus Energy Voice said in a report on Friday.
The worker, on board Taqa’s Tern Alpha installation 105 miles north-east of Shetland,...
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in...
In making decisions concerning recruitment and procurement to execute petroleum activities, operators and their contractors in Guyana’s emerging oil and gas industry are expected to give first consideration to Guyanese persons having appropriate qualifications and experience, and to Guyanese...
CEO of SBM Offshore Bruno Chabas said 2019 was a positive year for the company, noting that expectations for an offshore industry rebound materialized and coincided perfectly with the company’s readiness to meet demand. He also called the commencement...
The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels per day (bpd) proposed by an OPEC+ committee are far from enough to balance...
French oil company Total expects two to three new offshore wells to be drilled in Guyana this year, Chief Executive Patrick Pouyanne says. This is despite encountering heavy crude at two prospects last year, which brought into question their...
(Bloomberg) A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its method for counting infections.
The government of the province at the heart of the outbreak said...
(CNBC) Oil and gas major BP said Wednesday it was aiming to become “a net zero company by 2050 or sooner,” adding that it also wanted to “help the world get to net zero.”
In an announcement detailing its plans,...
Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, announced a strategic partnership agreement today with Global Oilfield Services Inc, for the supply of offshore containers and equipment to support the growing energy market in...
