News

BP delivers first gas for T&T’s Matapal project

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...

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

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...

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

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...

Iraq, Baker Hughes developing 200 MMcf/d gas project amid plans to end flaring

(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...

SABIC, ExxonMobil JV in U.S. preparing for initial startup

(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...

Local Content—the GCCI has the right idea

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.” ...

Price signals are screaming market needs more gas

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...

GEC-X attracting major support among Guyanese business groups, other partners

In a show of overwhelming support, the Georgetown Chamber of Commerce and Industry (GCCI), on Thursday signed several Memoranda of Understanding (MoU) with the Guyana Oil and Gas Energy Chamber (GOGEC); Women’s Chamber of Commerce and Industry Guyana (WCCIG);...

Exxon looking to deliver more oil at Cataback-1, Longtail-2

ExxonMobil is forging ahead with its multi-well campaign at the prolific Stabroek Block with drilling operations at the Longtail-2 and Cataback-1 prospects. The Stena Carron will be engaged in exploration drilling activities at Longtail-2 located approximately 106.9 nautical miles (198...

Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...

Latest News

Oil jumps past $109 as Trump signals escalation in Iran conflict

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply...