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QatarEnergy farms into Mauritania offshore block with Shell and state company

OilNOW -
QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. Pursuant to the terms of the agreement, and subject to customary approvals by the government of Mauritania, QatarEnergy will...
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Exxon cuts losses from Brazil after third dud, focus shifted to Guyana, Permian

OilNOW -
After a third dud, ExxonMobil has abandoned current drilling efforts in Brazil’s deepwater acreage, according to a Wall Street Journal report.  WSJ’s sources indicate that Exxon has shifted geologists and engineers from Rio de Janeiro to its other prospects in...
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Exxon schedules forum to discuss RFIs for Guyana environmental studies

OilNOW -
ExxonMobil Guyana has issued a notice to suppliers that it will host a Request for Information (RFI) clarification forum for those who may be interested in participating in recent RFIs. The forum is scheduled for April 17 at the...
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Jagdeo says Guyana not losing a cent based on Exxon audit, agrees process taking too long

OilNOW -
Vice President Dr. Bharrat Jagdeo said that Guyana is not going to lose a cent in the audit of ExxonMobil’s 1999-2017 Stabroek Block costs - the first such review to verify Exxon’s cost claims.  His comments were made during a...
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Low Carbon sector represents US$6 trillion opportunity by 2050, could outgrow oil – Woods

OilNOW -
ExxonMobil’s Low Carbon business could garner trillions in revenue that could potentially see it outgrowing oil, a decade from now, said its Chief Executive Officer (CEO) Darren Woods. Woods told Wall Street investors that the supermajor is targeting what should...
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World Court strikes out Venezuela’s roadblock against Guyana’s case to end the Essequibo controversy

OilNOW -
The International Court of Justice (ICJ) on Thursday struck down Venezuela's preliminary objection against the admissibility of Guyana's case before the Court. The ruling removes a roadblock Venezuela intended to set up to prevent a final settlement of the...
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Eight Guyanese engineers complete training for placement on massive Prosperity FPSO

OilNOW -
SBM Offshore Guyana said eight Guyanese engineers officially completed its Graduate Engineers’ Programme. A graduation ceremony was held for the engineers, who make up the first cohort to benefit from this training, on March 31.   The programme provided international...
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New Guyana oil blocks on auction similar to Stabroek’s ‘Golden Lane of Discoveries’

Shikema Dey -
Petroleum Geo-Services (PGS) said in a new report this week that similar trends to the prolific “Golden Lane” of discoveries, which include Liza in the Stabroek Block offshore Guyana, have been identified in the country's outboard licensing blocks D1,...
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QatarEnergy takes 25% share in Iraq’s Gas Growth Integrated Project

OilNOW -
QatarEnergy said it has agreed to hold a 25% share in the Gas Growth Integrated Project (GGIP) - a multi-billion-dollar project aimed at monetising and developing the natural gas resources of the Republic of Iraq. The GGIP consortium will be...
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Key ICJ ruling could take Guyana a step closer to ending Venezuela border controversy

Shikema Dey -
Guyana could move one step closer to ending the more than a century long border controversy with its Spanish-speaking neighbour Venezuela, should the World Court rule in its favour on Venezuela's preliminary objections to the admissibility of the matter....
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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