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Shell’s massive write-down may hinder stock price recovery

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(S&P Global Platts) Royal Dutch Shell PLC is wrapping up a volatile year with caution as its fourth-quarter financial results may include a write-down that could put the company's total impairment charges for 2020 at close to $22 billion. The...
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Rapid-fire Guyana drilling in 2021 will result in heroes or zeros – Westmount Energy

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The drill campaign offshore Guyana is set to ramp up in 2021 with multiple wells being targeted across several blocks. According to Westmount Energy Limited, the drill campaigns will happen in a very compressed timeframe for its investors. The junior...
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SBM Offshore, ExxonMobil discussing extending lease durations for Guyana FPSOs

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SBM Offshore and U.S. oil major ExxonMobil are in discussions regarding the extension of the lease and operate durations for the floating production storage and offloading vessels (FPSOs) targeting oil production at the Stabroek block offshore the South American...
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Oil companies pumped US$8.1 billion into Guyana between 2015-2019 – Analyst

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Despite challenges both at the global and domestic levels, investment in Guyana’s oil and gas sector has remained robust in recent years. In fact, Americas Market Intelligence Co-Director, Arthur Deakin has pointed out that between 2015 and 2019, oil...
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Crude futures slide on news of mutant coronavirus

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(S&P Global) Crude oil futures slid during the mid-morning trade in Asia Dec. 22, as concerns over a new strain of the coronavirus remained entrenched in the market. At 11:12 am Singapore time (0312 GMT), the ICE Brent February contract...
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GE supporting Oil Field Revitalization Project in Brazil

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Sulzer Pumps UK have awarded GE Power Conversion a contract to supply the motors for the four water injection pumps which will equip a future Floating Production Storage and Offloading (FPSO) vessel. These will be very specific high power...
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Lessons learnt from gas compression issue being factored into construction of other Guyana FPSOs

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With the commissioning of the gas compression system on the Liza Destiny FPSO and reduction of flaring to pilot levels, ExxonMobil says the lessons learnt from the issue which resulted in a prolonged period of flaring are being factored...
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John Fernandes Ltd. expands reach in oil sector with plans to construct storage facility

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Guyanese shipping company John Fernandes Ltd. is looking to extend its reach in the oil and gas sector with the construction of a storage facility. John Fernandes Ltd. has already been building its oil and gas portfolio by providing...
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Monitoring crude lifts was part of major focus for Guyana standards bureau this year

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The Guyana National Bureau of Standards (GNBS) says 2020 has been a successful year ranging from its responsibility to monitor the million-barrel oil lifts offshore to prepping companies onshore for opportunities in the oil and gas sector. According to a...
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China could become world’s biggest refiner by 2025

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(S&P Global Platts) Sinopec's Economics & Development Research Institute, or EDRI, foresee China becoming the world's top refiner with about 1 billion mt/year, or 20 million b/d, of capacity by 2025, its vice general engineer Ke Xiaoming said at...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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