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Guyana plans to use oil revenues to make higher education free

OilNOW -
Guyana expects windfall revenues from the sale of its crude this decade as ExxonMobil looks to add one new oil production vessel almost every year to its offshore operations. To make sure these revenues contribute to lasting growth for...
News

Petrobras still has no CEO, but new chairman identified

OilNOW -
The hunt for a candidate to man Brazil’s state-run Petroleo Brasileiro (Petrobras) as its Chief Executive Officer (CEO) continues. However, a new Board Chairman was tapped along with nine other members. According to Petrobras, Gileno Gurjao Barreto – the new chair pick –...
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TotalEnergies hits 2030 renewable energy target with Clearway Energy deal – Rystad Energy

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French giant, TotalEnergies, according to Norway-based Rystad Energy, is now added to the short list of exploration and production companies to top 2030 renewable energy targets after clinching a major deal to acquire a 50% stake in Clearway Energy Group. Total’s...
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Saipem charters Bourbon Mobility vessels to support mega LNG project in Africa

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Bourbon Mobility vessels – the Sirocco FSIV and the Surfer 2609 have been brought on to support Saipem’s liquefied natural gas (LNG) project on the Greater Tortue Ahmeyim field off the coast of Mauritania and Senegal. The Italian multinational is constructing a mega...
News

Hess hoping for approval of 6th development at Stabroek Block by end of next year

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Chief Executive Officer of Hess Corporation, John Hess, said he hopes that by the end of 2023, approval will be secured for ExxonMobil to place its sixth floating production storage and offloading (FPSO) vessel at the Stabroek Block. Hess is...
News

UK launches first CO2 storage licensing round, bidding to be ‘global leader’

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(S&P Global Platts) The UK on June 14 launched its first CO2 storage licensing round aimed at supplementing existing licenses and becoming a "global leader" in the field, with as many as 100 storage sites eventually needed. Regulator, the North...
News

Guyana taking right steps to avoid pitfalls of oil producing nations, says British High Commissioner

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With only two and a half years as an oil producer, Guyana has been taking firm steps to steer clear of the commonly made mistakes and pitfalls of the petroleum industry thus far. This, according to the British High Commissioner...
News

Incredible growth rate makes Guyana number one investment destination in the region – Go-Invest CEO

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When the World Bank released its latest global economic forecast, the President of the international institution David Malpass wrote that for many countries, “recession will be hard to avoid.” In that same report, the World Bank projected that Guyana is...
Exploration

Public hearing for June 30 on Exxon’s 12-well drill campaigns for Kaieteur, Canje Blocks

OilNOW -
Guyana’s Environmental Assessment Board (EAB) is set to hear concerns surrounding ExxonMobil’s planned 12-well drill campaigns for the Kaieteur and Canje offshore blocks on June 30. A notice published by the EAB on Monday outlined that the public hearing will...
Discoveries

APA shares fall 4% after encountering water-bearing reservoirs offshore Suriname

OilNOW -
APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...
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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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