News

The Guyana government is working with ExxonMobil to ensure that the faulty third stage gas compressor now under repairs in Germany, is fixed as soon as possible and that future FPSOs ordered for oil production off the country’s coast...

Brazil’s state-controlled oil company Petrobras received only one proposal, from Dutch floater specialist SBM Offshore, in a bid to construct the Mero 4 oil production platform in the Santos Basin pre-salt, two sources with knowledge of the matter told...

(S&P Global Platts) Global oil demand is expected to recover to pre-pandemic levels of around 100 million b/d by the end of the year driven by a strong rebound for gasoline, diesel and fuel oil, several analysts said Feb...

(Reuters) - The value of Saudi Arabia’s oil exports in December dropped nearly 30%, or 19.5 billion riyals ($5.2 billion), compared with the year before, official data showed on Wednesday. The value of non-oil exports fell 7.7% in December to...

Reassembly of the Liza Destiny FPSO flash gas compressor sent to Germany for repairs continues at the MAN Energy Solutions workshop. ExxonMobil Guyana said on Tuesday in an operations update that over the weekend, the MAN team completed adjustments to...

For the first time, local organisers will be fully spearheading an energy conference that is set for September 28-29, 2021, and that event—the Guyana Energy Conference and Exhibition (GEC-X ’21)—will place keen focus on Guyana’s energy mix as a...

(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22. The 7-ATL-4HB-RJS well was restarted after swapping out...

American multinational investment bank and financial services company Goldman Sachs in a new forecast expects Brent oil prices to reach $70 per barrel in the second quarter (Q2) of this year, up from the $60 it had previously predicted, and...

The errors made by Trinidad and Tobago and Venezuela in the management of their hydrocarbon resources must be a warning to Guyana that if similar decisions are made, the failure of the economy is almost guaranteed. Guyana’s Minister of Natural...

Suriname, through its state oil company, Staatsolie, pushed to increase its participation in offshore exploration and production activities following a string of massive oil finds made by its CARICOM sister, Guyana, since 2015. This was noted by Staatsolie's Managing...