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India’s crude oil imports hit four-month high

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(Reuters) - India's crude oil imports rose to a four-month high in August, recovering from the near one-year low in July, with refiners buying incremental barrels mainly from Latin America and the United States, tanker data from trade sources...
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Exxon, other oil majors pledge to reach net zero emissions

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(S&P Global Platts) A group of 12 of the world's biggest oil and gas majors pledged Sept. 20 to reach net zero emissions from operations under their control (Scope 1, 2) and updated targets for reducing the methane and...
Exploration

Head of Guyanese energy chamber says Exxon moving in right direction on local content

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President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, said on Monday the organisation welcomes the comments made by President of ExxonMobil Guyana, Alistair Routledge, that by next year the company is moving almost all its...
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BP delivers first gas for T&T’s Matapal project

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BP Trinidad and Tobago LLC (bpTT) on Monday confirmed its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic. Matapal is bpTT’s...
Exploration

Tullow looking to bring in partners, reduce capital exposure in Guyana

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UK-based Tullow Oil said last week that strong operational performance in the first half of the year and transformational debt refinancing have put the company on a firm footing to deliver its business plan, even as it looks to...
Exploration

More than 600,000 wells to be drilled globally between 2021 and 2030 – Rystad Energy

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Global drilling activity is poised to bounce back from a tough 2020 with close to 58,000 wells lined up for this year and over 600,000 expected to be drilled by 2030, according to Norway-based energy research and business intelligence...
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Iraq, Baker Hughes developing 200 MMcf/d gas project amid plans to end flaring

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(S&P Global Platts) Iraq's state-owned South Gas Co. and Baker Hughes plan to develop a 200 MMcf/d gas recovery project in the south following a three-year delay, the oil minister said Sept. 19, as part of plans to end...
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SABIC, ExxonMobil JV in U.S. preparing for initial startup

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(Reuters) - Saudi Basic Industries, the world's fourth-biggest petrochemicals firm, said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup. The project includes the establishment of...
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Local Content—the GCCI has the right idea

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By A. Bacchus – OilNOW There’s a national song that I recited weekly in school, with a chorus that has over the years been used as a motto for quite a few movements— “Can we do it? Yes, we can.” ...
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Price signals are screaming market needs more gas

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By Ed Crooks - Vice-Chair, Americas - Wood Mackenzie The price system, in the famous words of the economist and philosopher Friedrich Hayek, is “a mechanism for communicating information… which enables individual producers to watch merely the movement of a...
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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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