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Over 670 million barrels of oil discovered at Stabroek Block so far this year – Norway group

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ExxonMobil has discovered over 670 million barrels of oil so far this year at Guyana’s largest deepwater block where well over 10 billion barrels of oil equivalent resources have been found since 2015. On January 5, the U.S. oil major...
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OPEC+ oil production falls but Venezuela pumps 40,000 b/d more in March

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(S&P Global Platts) Crude oil production by OPEC and its allies fell in March from February for the first time in more than a year, the latest S&P Global Commodity Insights survey found, contributing to a tightening market thrown...
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U.S. likely to extend Chevron’s license to operate in Venezuela – PDVSA Chair

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(Reuters) - The chair of the ad-hoc board of Venezuela's state-owned oil company PDVSA (PDVSA.UL), which controls some of its most important foreign assets, said earlier this month it was very likely that Washington will extend Chevron's license to operate...
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Price tag for Guyana’s gas-to-energy project not exorbitant, economist says

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Initial estimates for Guyana’s massive gas-to-energy project hover around US$900 million to US$1 billion, with potential to increase, but considering the South American country has zero infrastructure in place and is essentially starting from scratch, one economist says the estimates...
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Eni using African gas to lessen Europe’s dependence on Russia

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Italian energy major, Eni, has moved to help Europe reduce its dependence on Russian gas, with two major agreements signed to increase supply from Africa. Eni said last Wednesday that it signed an agreement with Egypt’s Natural Gas Holding Company...
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Webinar on this week on growing opportunities from Guyana-Suriname basin

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One Basin Three Nations Academy (OBTN/A) is organizing a free Webinar about Oil and Gas Industry Insights for the general public in the Guianas on April 22. Organisers say the current offshore oil and gas discoveries in Guyana and...
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Libya’s NOC declares force majeure, warns of “painful wave of closures”

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(Reuters) - Libya's National Oil Corp warned on Monday of a "painful wave of closures" after declaring force majeure on exports from the Zueitina oil port as forces in the east appeared to expand a production blockade over a...
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Exxon to provide Guyana with carbon capture roadmap for US$10B Yellowtail project

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According to the Environmental Permit that was issued for the US$10B Yellowtail Project, ExxonMobil is required to provide Guyana with a roadmap for emissions reduction along with an examination of the potential and feasibility of Carbon Capture Utilization and...
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10 or more FPSOs cannot eclipse Guyana’s carbon capture service – Environmental Economist

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Senior Director for Climate and REDD+ at Guyana’s Ministry of Natural Resources, Pradeepa Bholanath has clarified that even if Guyana has 10 FPSOs operating offshore, as well as the landmark gas-to-energy project on stream, their emissions can in no...
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Exxon, other firms secure injunctions to stop climate protests in United Kingdom

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(Reuters) - Three firms involved in Britain's oil sector, including ExxonMobil, have secured injunctions to stop protests by climate change activists which have caused widespread disruption this month, the government said on Friday. Environmental groups such as Extinction Rebellion and...
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Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with...

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