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Shell sells stake in Philippines gas asset for over US$380 million

OilNOW -
Shell Petroleum N.V. has signed an agreement with Malampaya Energy XP Pte Ltd (a subsidiary of Udenna Corporation), for the sale of its 100% shareholding in Shell Philippines Exploration B.V. (SPEX). SPEX holds a 45% operating interest in Service...
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Stabroek Block co-venturer Hess ranked No. 1 energy company on 100 Best Corporate Citizens list

OilNOW -
Hess Corporation has once again copped the spot for the number one energy company on America’s 100 Best Corporate Citizens list which recognizes outstanding environmental, social and governance (ESG) performance. Though it secured a No. 35 ranking, the Stabroek Block...
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Oil group says upcoming conference ‘anti-local content’, urges stakeholders to avoid participating

OilNOW -
The President of the Guyana Oil and Gas Energy Chamber (GOGEC) Manniram Prashad says the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) set to be held next month is an “anti-local content event”, hence his organization...
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Halliburton’s new logging service delivering hi-res images in oil-based mud

OilNOW -
StrataXaminer delivers the sharpest images in oil-based mud to visualize and quantify reservoir characteristics and reduce subsurface uncertainty. Halliburton Company (NYSE: HAL) today announced StrataXaminer™, a new wireline logging service that helps operators acquire more accurate well data to better evaluate...
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Maersk Drilling announces sale of two jack-ups

OilNOW -
Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June...
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One vast oil field has given Guyana the power to be energy independent – global analytics provider

OilNOW -
With a population of around 800,000 people, Guyana’s modest piece of global oil and gas output already makes a big difference to the South American country with a lead international analytics provider saying just the Liza reservoir alone gives...
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New 180-ton crawler crane in place at Guyana’s largest shore base, local crew handling all lifting operations

OilNOW -
A new 180-ton crawler crane is now in place at the Guyana Shore Base Inc. (GYSBI) facility for loading and offloading vessels servicing the rapidly expanding operations offshore the new oil producing South American country. GYSBI General Manager Sean Hill,...
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Suriname’s first 3 offshore discoveries expected to produce around 1.4 billion barrels of oil – Rudolf Elias

OilNOW -
The Outgoing Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname N.V., says the country’s first 3 offshore discoveries at Block 58 are expected to produce around 1.4 billion barrels of oil equivalent resources over time. Rudolf Elias, in...
Exploration

IEA landmark report calls for halt to global oil and gas developments, but cautions that each country would need to design its own strategy

OilNOW -
The International Energy Agency (IEA) said Tuesday that under an energy scenario needed to put the world on a path to net-zero emissions by 2050, no new oil and gas developments should be sanctioned beyond those already approved for...
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Oil hits two-month high of $70

OilNOW -
(Reuters) Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia. The British economy...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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