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Repsol rewards shareholders with €2.4 billion amidst strong earnings in H1 2023

OilNOW -
Repsol, the Madrid-based energy titan, delivered a solid performance for the first half of 2023, posting net income of €1.42 billion, despite a global downturn in energy prices and demand. The company's robust earnings were fueled by increased production,...
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Shipyard building Guyana FPSOs records highest profit in 55-year history

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Singapore’s Keppel Corporation Limited (Keppel) reported a net profit of over S$3.6 billion for the half year ended 30 June 2023, the highest profit on record in the Company’s 55-year history. 1H23’s net profit was significantly higher than the...
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Major Trinidad upstream gas supplier shuts in production due to technical issue – Ministry

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In a blow to Trinidad and Tobago's energy sector, one of the major upstream natural gas suppliers has had to cease production due to an unexpected technical issue. The Ministry of Energy and Energy Industries of Trinidad and Tobago...
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ExxonMobil snags US$7.9B in profits for 2023 second quarter

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American multinational, ExxonMobil Corporation, announced Friday that it made US$7.9 billion or US$1.94 per share during the 2023 second quarter. This represents a US$3.7 billion decline in profits compared to its US$11.6 billion earnings for the first quarter. When compared...
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Stena rig departing prolific Stabroek Block for routine maintenance in T&T

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The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...
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SBM Offshore Guyana advancing HSSE through multiple awareness programmes

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Over the last several years, safety has become a key topic in the local business sector, with the movement to improve and advance Health, Safety, Security and the Environment (HSSE) being propelled by the oil and gas industry. SBM...
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New oil bill to be tabled in Parliament on August 3 – Jagdeo

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Guyana's Vice President, Dr. Bharrat Jagdeo, has announced that the country's new Petroleum Activities Bill will be presented to Parliament on August 3, 2023. The proposed legislation is set to establish a contemporary regulatory framework for the country's rapidly...
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Payara project will hit 220,000 bpd around five months after first oil

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Guyana’s third oil development, Payara, is expected to see a ramp-up to 220,000 barrels of oil per day (bpd) within a five-month period after production gets underway, says Chief Operating Officer (COO) of Hess Corporation, Greg Hill. During the company’s...
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SLB and Eni’s Enivibes to deploy e-vpms® for global pipeline monitoring

OilNOW -
SLB and energy giant Eni, through its subsidiary Enivibes, have forged an alliance to roll out e-vpms® (Eni Vibroacoustic Pipeline Monitoring System) technology worldwide. This state-of-the-art vibroacoustic wave detection system is purposed to provide real-time analysis, monitoring, and leak...
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Exxon confirms Guyana production to hit 600,000 barrels-a-day next year

OilNOW -
Come 2024, Guyana’s daily production is set to ramp up to 600,000 barrels of oil per day. This was recently confirmed by ExxonMobil Guyana's Production Manager, Mike Ryan.  On the latest episode of Access ExxonMobil Guyana, Ryan shared that this...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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