Thursday, October 28, 2021

News

ExxonMobil, Hess and Statoil farm into Suriname blocks

Suriname state oil company Staatsolie and the consortium consisting of ExxonMobil, Hess and Statoil have reached an agreement regarding a PSC for Block 59 offshore Suriname. At the same time, an agreement was reached with Statoil for Block 60. The...

Alaska court to rule on oil wealth payments to state residents

An Alaska lawmaker is making one last legal push to put about $1,000 back in the hands of nearly every state resident for their share of Alaska’s oil wealth. Sen. Bill Wielechowski is scheduled to argue Tuesday to the Alaska...

ExxonMobil says it is eager to partner with Guyanese businesses

ExxonMobil announced today the establishment of the Centre for Local Business Development in Georgetown, Guyana, and signaled its commitment to work with the country’s business community. The centre will assist small and medium-sized Guyanese businesses with building their capacity and...

BP produced over 12 billion barrels of oil in 40yrs of production at Prudhoe Bay

The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to US energy security and ongoing role as a key economic engine for the region. BP said in a press...

ExxonMobil confirms award of contracts to SBM for Liza project in Guyana

ExxonMobil has formally confirmed the award of contracts to SBM Offshore for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a Floating Production, Storage and Offloading Vessel...

France to ban licences for oil and gas exploration

France is to stop granting new licences for oil and gas exploration on the mainland and in overseas territories, Environment Minister Nicolas Hulot said Friday. Mining codes will be modified, while current exploration projects already underway would continue. “There will...

Qatar’s emir meets ExxonMobil’s CEO

(Reuters) The emir of Qatar met with ExxonMobil Corporation’s Chairman and CEO Darren Woods in Doha on Saturday for talks on "cooperation," state news agency QNA reported, following a rift between four Gulf states and Qatar that has raised...

Total-ExxonMobil & Energean get approval for offshore oil exploration in Greece

Greece has approved an application by a consortium of ExxonMobil, France’s Total SA, and domestic oil refiner Hellenic Petroleum, to drill for oil and gas off the island of Crete, Reuters reported on Friday. Greece has also approved another application,...

Over 15 Canadian companies looking to partner with Guyana for oil & gas opportunities

A team from the Guyana Oil & Gas Association (GOGA) met with over 15 companies in Canada this week which are looking to partner with Guyana’s private sector for opportunities in the country's emerging oil and gas sector. The...

McDermott awards major Trinidad & Tobago contract to PJ Valves

PJ Valves (PJV) and PJ Piping (PJP), the specialist manufacturers and suppliers of valves and piping components for the global energy industry, have been awarded a major contract by McDermott International Inc. to supply valves and piping elements for...

Latest News

Hess says Yellowtail is one of the world’s best projects

When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as...