News

Trinidad and Tobago’s (T&T) Prime Minister Dr. Keith Rowley on Monday reassigned Stuart Young as Minister of Energy and Energy Industries. According to a report in the Trinidad Express, Young’s appointment is in addition to his duties as Minister...

Oil companies have for decades made money by extracting carbon from the ground, but now they are trying to make money putting it back. Energy giants such as ExxonMobil Corp. and Royal Dutch Shell are pushing carbon capture and storage—where...

The bulk of current drillship demand is in the so-called golden triangle area which comprises the Gulf of Mexico (US and Mexico), South America (Brazil, Guyana & Suriname), and Africa (west, south, and east coasts). These regions account for...

(Reuters) Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was...

The action to achieve Paris climate goals will upend oil and gas prices. Under consultancy group Wood Mackenzie’s Accelerated Energy Transition Scenario (AET-2), all National and International Oil Companies face decline, and the sector will see asset impairments and...

Leader of the Opposition in Guyana, Joseph Harmon, has written to President of Esso Exploration and Production Guyana Ltd. (EEPGL), Alistair Routledge, seeking a meeting to address matters related to the challenges the company has been facing with the...

ExxonMobil is continuing its drilling operations offshore Guyana at the Turbot-2 prospect in the Stabroek Block and at Bulletwood-1 in the adjacent Canje acreage. The recently arrived Noble Sam Croft is undertaking exploration drilling activities at Turbot-2 located approximately 103...

Between continued exploration success within the Guyana-Suriname basin, increasing M&A activity in the Brazilian offshore space and record production out of the Vaca Muerta in Argentina, consultancy group Rystad Energy said the Latin America region continues to display its...

(S&P Global Platts) Shell plans to carry out a drilling campaign offshore Brazil in the second half of 2021, Shell Brasil President Andre Araujo said April 16. "Yes, we're going to have a drilling campaign in 2021, with the timing...

Trinidad and Tobago’s Energy Minister Franklin Khan has died. Loop News said in an article on Saturday morning that a government official confirmed his death. A former energy ministry official also confirmed Khan’s passing to OilNOW on Saturday. According to...