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Chevron returns essential crews to all six of its US Gulf of Mexico platforms

(S&P Global Platts) Chevron has redeployed essential crews to its six operated US Gulf of Mexico platforms that were evacuated last week when Hurricane Ida raced toward the Louisiana coast, the company said late Sept. 3. The facilities "did not...

Saudi Aramco to market Guyana’s 4th oil lift scheduled for this month   

Following a procurement process for the provision of marketing services for Guyana's oil entitlement from the Liza Destiny FPSO, the Government of Guyana recently evaluated and approved the nomination of Aramco Trading Limited (ATL) to market Guyana’s 4th lift...

EPA collected around GY$400M in payments for flaring from ExxonMobil – Parsram

Guyana's Environmental Protection Agency (EPA) has collected approximately GY$400M in payments from ExxonMobil for flaring to date. Head of the agency, Kemraj Parsram, made the disclosure on Thursday during a local radio programme - Guyana’s Oil and You. This follows...

Real time technology will soon be used to monitor flaring, produced water – EPA Head

The Environmental Protection Agency (EPA) will soon implement a real-time technology system that will allow it to monitor flaring levels and the amount of produced water being dumped into the ocean by oil companies operating offshore Guyana says Executive...

Maduro in major bid to attract more oil investments as top China producer pushes to revive output

(Bloomberg) China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to attract more international investment. Once a major investor in the OPEC nation, China National Petroleum Corp. is sending engineers and commercial...

Saipem 10000 makes major discovery for Eni offshore Ivory Coast

Eni has announced a major oil discovery in block CI-101 offshore Ivory Coast. The block is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase. The discovery well has been drilled on the...

Uncompetitive fiscal regimes, poor reservoir quality behind stalled development of over 11 billion barrels of oil

Updated September 2, 2021 A study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries - >100 million boe in size - made between 2008...

Oil exports remain key driver of Guyana’s GDP, says IDB in latest report

The main driver of Guyana’s GDP in the medium term continues to be oil exports, which the International Monetary Fund (IMF) estimates will represent 38.2 percent of GDP in the 2020 –2021 period. This is according to the Inter-American...

Louisiana economic groups, GCCI talk up major trade mission

Participants from the state of Louisiana Economic Development (LED) international department, the South Lafourche parish economic department and the Greater Lafourche Port Commission met with representatives of Guyana’s Georgetown Chamber of Commerce and Industry (GCCI) last month on the sidelines...

Ali urges AmCham to aggressively represent Guyana’s interest in U.S. market

Guyana’s President, Dr. Mohamed Irfaan Ali on Wednesday told members of the American Chamber of Commerce (AmCham) Guyana that he is looking forward to them championing the country’s quest in the removal of barriers to trade. According to a press...

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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...