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Mexico president wants law that could suspend oil permits, analyst predicts ‘serious consequences’

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(Reuters) - Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at...
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Merger of drillers Noble, Pacific points to troubled state of oilfield service sector

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(S&P Global Platts) Noble Corp.'s acquisition of Pacific Drilling announced this week in a merger of drillers points to the troubled state of the oilfield service sector, even with more activity expected this year as the industry recovers from...
Exploration

ExxonMobil’s 6th drill ship arrives in Guyana

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The Noble Sam Croft has arrived offshore Guyana taking the total number of drill ships on contract with ExxonMobil operating in the South American country to six. The Sam Croft was recently released from drilling operations in neighbouring Suriname where...
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Final Local Content Policy must ensure Guyanese are valid partners not mere “window dressing”- GCCI Senior VP

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Even though it regards the current revised draft Local Content Policy as a vast improvement over the previous version, the Georgetown Chamber of Commerce and Industry (GCCI), one of the key groups representing business in Guyana, still believes there...
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Saipem presents case studies on decarbonization of its operations

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Italian multinational oilfield services company Saipem participated in The Economist’s Sustainability Week, an event organised by The Economist, with the presentation of 2 case studies. It marks the publication’s sixth annual event dedicated to the topic of sustainability that took place...
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Oil product tanker rates soar on Suez Canal blockage

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(Reuters) Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as a giant container ship remained wedged between both...
News

Oil futures rise as uncertainties mount over when blocked Suez Canal passage would be cleared

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(S&P Global Platts) Crude oil futures rose during mid-morning trade in Asia March 26, as the market braced for the possibility that the Suez Canal may remain blocked by the stuck Ever Given container ship for days, while anticipation over...
News

Major marine traffic jam in Suez Canal as 40 oil tankers, other vessels pile up

OilNOW -
The reopening of the Suez Canal is now likely to take several days, market watchers told S&P Global Platts on March 25, as almost 40 oil and LNG tankers have piled up to transit one of the world's most...
News

Guyana barrels add to CNOOCs’ reserves and production – record high volumes logged in 2020

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CNOOC Limited announced on Thursday its 2020 annual results for the year ended December 31, 2020. The company said last year it strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices...
News

Noble, Pacific Drilling enter merger, deepwater drilling capabilities to be enhanced

OilNOW -
Noble Corporation and Pacific Drilling Company LLC announced Thursday that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.  The definitive merger agreement was unanimously approved by each company's...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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