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Royston wraps up overhaul work on Stena DrillMAX, Guyana operations continue

OilNOW -
Marine engineering and propulsion specialist Royston has completed engine overhaul work onboard one of the world’s most advanced drill ships as part of a logistical solution provided to the vessel’s owners and operators, Stena Drilling. Work on the 228m length...
News

Oil hits $68 on Libya force majeure

OilNOW -
(Reuters) Oil rose to $68 a barrel and hit its highest in a month on Tuesday, supported by a disruption to Libyan exports and expectations of a drop in U.S. crude inventories, although rising coronavirus cases in Asia limited...
News

Stuart Young is new T&T Energy Minister

OilNOW -
Trinidad and Tobago’s (T&T) Prime Minister Dr. Keith Rowley on Monday reassigned Stuart Young as Minister of Energy and Energy Industries. According to a report in the Trinidad Express, Young’s appointment is in addition to his duties as Minister...
News

ExxonMobil, other oil giants moving to commercialize carbon capture

OilNOW -
Oil companies have for decades made money by extracting carbon from the ground, but now they are trying to make money putting it back. Energy giants such as ExxonMobil Corp. and Royal Dutch Shell are pushing carbon capture and storage—where...
Exploration

Bulk of current drillship demand in ‘golden triangle’ where Guyana offshore remains busy

OilNOW -
The bulk of current drillship demand is in the so-called golden triangle area which comprises the Gulf of Mexico (US and Mexico), South America (Brazil, Guyana & Suriname), and Africa (west, south, and east coasts). These regions account for...
News

Oil slips as rising infections trigger demand concerns

OilNOW -
(Reuters) Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was...
News

WoodMac sees US$10 Brent oil coming, majors facing decline on scale never before seen

OilNOW -
The action to achieve Paris climate goals will upend oil and gas prices. Under consultancy group Wood Mackenzie’s Accelerated Energy Transition Scenario (AET-2), all National and International Oil Companies face decline, and the sector will see asset impairments and...
News

Opposition Leader seeking meeting with ExxonMobil over gas compressor issue

OilNOW -
Leader of the Opposition in Guyana, Joseph Harmon, has written to President of Esso Exploration and Production Guyana Ltd. (EEPGL), Alistair Routledge, seeking a meeting to address matters related to the challenges the company has been facing with the...
Exploration

ExxonMobil drilling operations continue at Turbot-2, Bulletwood-1

OilNOW -
ExxonMobil is continuing its drilling operations offshore Guyana at the Turbot-2 prospect in the Stabroek Block and at Bulletwood-1 in the adjacent Canje acreage. The recently arrived Noble Sam Croft is undertaking exploration drilling activities at Turbot-2 located approximately 103...
News

Guyana, Suriname and Brazil delivered over 3 billion barrels of oil equivalent in 2020

OilNOW -
Between continued exploration success within the Guyana-Suriname basin, increasing M&A activity in the Brazilian offshore space and record production out of the Vaca Muerta in Argentina, consultancy group Rystad Energy said the Latin America region continues to display its...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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