News

CGX is preparing to finally initiate cargo operations at the Berbice Deep Water Port (BDWP), with a targeted start in the second quarter of 2024, the company said in recent financial statements.  This follows multiple delays of work on the...

As the Canadian Trans Mountain pipeline expansion project nears completion, likely in Q2 2024, an analyst from S&P Global Commodity Insights forecasts a shift in the dynamics of crude oil imports into the U.S. West Coast. This suggests a...

 Elections are scheduled to be held in Venezuela on July 28, 2024 - the day that would have been Hugo Chavez's 70th birthday - to choose a president for a six-year term beginning on 10 January 2025. While this...

Factors affecting the global oil market have been plenty but prices have remained fairly balanced, said Carlos Pascual, Senior Vice President for Global Energy and International Affairs at S&P Global Commodity Insights. That is because of “strong oil balances”...

TotalEnergies and QatarEnergy have inked an agreement to acquire participating interests in Block 3B/4B, offshore South Africa. This move sees the partners taking over stakes from Africa Oil South Africa, Azinam (a subsidiary of Eco Atlantic Oil and Gas),...

SBM Offshore Guyana is paving the way for aspiring technicians by launching its Trainee Technician Programme for 2024. The initiative aims to cultivate a new generation of skilled professionals adept in safety protocols and technical competencies crucial for maintenance...

ExxonMobil has placed Guyana in the ranks of its top three deepwater developments around the world, according to the President of its Upstream Company, Liam Mallon.  But in a few years, with the way producing is heading, its rank can...

Petrobras, the Brazilian state-owned oil giant, has reported a net income of BRL 124.6 billion in 2023, marking its second-highest financial performance in history. Accompanying this figure are what Petrobras termed record-breaking results in  earnings before interest, taxes, depreciation, and...

CNOOC Limited said it has made a major oilfield discovery at the Kaiping South field in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South...

The Stena Carron left Guyana for Spain two months ago for its Special Periodic Survey (SPS). The maintenance procedure is almost over, Stena said in a recent LinkedIn update.  Stena said the rig underwent a replacement of its thrusters.  Maintenance was...