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ExxonMobil’s South America bonanza grows

OilNOW -
(Forbes) After announcing discovery after discovery from its massive Stabroek Block offshore the tiny South American nation of Guyana over the past three years, ExxonMobil announced on Friday that it has struck South American oil and gas once again,...
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TechnipFMC seeking contractors for warehouse facility in Guyana

OilNOW -
Global oil and gas company TechnipFMC is expanding its operations in Guyana where it has been providing subsea production systems for the offshore developments at the prolific Stabroek block. The company recently published a notice inviting contractors to submit Expression...
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Maersk first low-emission rig showing promising results

OilNOW -
After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where...
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Hess earns leadership status in climate change report

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Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. CDP is an international non-profit organisation based in the United Kingdom, Germany and the United States of America that helps companies and cities disclose...
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Aramco may have to sell assets, borrow more to maintain Saudi dividend

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(Reuters) - Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets, and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said. While Saudi...
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Maximising local participation in oil and gas discussed at first meeting of Guyana’s Presidents

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Guyana’s President Dr. Irfaan Ali on Tuesday met with three of the South American country’s former Presidents for a wide-ranging discussion on matters of national, regional, and international importance, chief among them being how the nation can maximise benefits...
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Operators pulling back oil and gas investments in Africa as world economy falters

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(GlobalData) The coronavirus pandemic and weak global economic outlook coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also impacted the African midstream sector, forcing several...
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Fugro awarded contract for positioning services in Guyana-Suriname basin

OilNOW -
Dutch engineering company Fugro has received a contract award from PETRONAS Suriname E&P B.V. (PSEPBV), a subsidiary of PETRONAS, for the provision of positioning services for an exploration programme in Block 52, off the coast of the capital Paramaribo...
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OPEC’s President says oil cartel cannot rush output increases, energy demand still fragile

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(Bloomberg) -- The President of OPEC reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid...
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Multi-billion-dollar deepwater investments only moving forward under favourable conditions

OilNOW -
Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...
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PETRONAS secures deepwater Block 66 in Suriname with new contract

PARAMARIBO SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise...

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