Saturday, September 18, 2021

News

International players no longer see an upside in Venezuela oil projects – GlobalData

Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that...

Oil climbs to one-week high

(Reuters) - Oil rose on Monday, supported by concerns over shut output in the United States, the world's biggest producer, following damage from Hurricane Ida, while analysts expected a stable market in coming months. Brent crude rose 62 cents, or...

Exxon was No. 1 contributor of social payments in 2018 for extractives sector

According to Guyana’s second Extractive Industries Transparency Initiative (EITI) Report, extractive companies declared adjusted social contributions in cash totalling $604,140,735. ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), operator of the Stabroek Block, accounted for 90 percent of...

Trinidad & Tobago will dominate natural gas production in 2025 but output will be on decline – GlobalData

Trinidad and Tobago is expected to contribute around 25% or 820 million cubic feet per day (mmcfd) of the Americas natural gas production in 2025 from planned and announced projects (new build projects, excluding the US L48), according to...

Growing a Guyanese brand with international standards

When Kerensa Gravesande-Bart conceptualised Strategic Recruitment Solutions Incorporated Guyana (SRSGY), she knew that she wanted to create a company that would not only be Guyanese-owned but it should be able to drive local content and provide tangible avenues for...

Yellowtail will develop largest resource base to date, Pinktail and Whiptail could be 6th project

Yellowtail will develop a much larger resource base than any of the previous developments at the ExxonMobil-operated Stabroek Block offshore Guyana while the Pinktail and Whiptail discoveries which both have deeper zones with good quality oil, could form the...

Venezuela’s PDVSA to offer alternative heavy crudes

(S&P Global Platts) Venezuelan state-owned PDVSA will offer from October in the international market the upgraded heavy crudes Morichal 16, Zuata Sweet and Hamaca Special Blend to compensate for the fall in the production of Merey, which is its...

Extensive well program at Stabroek Block delivering big volumes this year

An extensive exploration and appraisal drilling programme being carried out at the Stabroek Block this year has so far delivered a series of discoveries that will push the 9 billion plus barrels of oil equivalent higher even as the...

Royston completes engine overhaul work on Stena Carron off Guyana’s coast

Marine engineering and propulsion specialist Royston has assisted in the overhaul of diesel power plant on-board the Stena Carron drill ship as it sailed while on passage. Drawing on its international capabilities and resources, a five-strong team of Royston engineers...

Suriname moving to develop “fit for purpose” shore base facility

After decades of offshore exploration, Suriname has made significant hydrocarbon discoveries, particularly over the course of 2020 and 2021. These discoveries have intensified the exploration and appraisal efforts of various license holders and provides a positive outlook for future...

Latest News

Guyana’s oil and gas development will offer another strong rebuke against Venezuelan aggression

By Wazim Mowla – OilNOW The development of Guyana’s oil and gas sector is its best chance to maintain its...