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ExxonMobil unveils emission reduction plans, commits to no routine flaring by 2030

OilNOW -
ExxonMobil said on Monday it plans to further reduce greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and anticipates meeting year-end 2020 reductions. The measures being implemented will see the elimination of routine flaring...
News

Vaccination roll-out will not immediately reverse oil demand destruction, IEA warns

OilNOW -
The International Energy Agency (IEA) on Tuesday warned that the roll-out of the coronavirus vaccine will not have an immediate impact on the destruction on global demand for oil. “The understandable euphoria around the start of vaccination programmes partly explains...
News

Guyanese HR firm servicing oil and gas industry gets ISO 9001 certification

OilNOW -
Strategic Recruitment Solutions Inc (SRSGY) a Guyanese company focused on providing Human Resource Management and Payroll Solutions, today announced it has earned ISO 9001:2015 certification for its quality management system. ISO 9001:2015 is a globally recognized quality management standard developed...
News

CNOOC hits first oil at Penglai field

OilNOW -
CNOOC Limited announced Monday that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters. In...
News

Need for technical skills such as advanced welding capabilities will increase in Guyana

OilNOW -
While the emphasis on degrees in engineering and geosciences is necessary as Guyana seeks to build capacity for the oil and gas sector, there will be a growing need for technical and other skills which one official with experience...
News

Kuwait names new oil and finance ministers

OilNOW -
(Reuters) - Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for the OPEC member state which is mired in its worst economic crisis in decades. The previous government had resigned following parliamentary...
Exploration

New report points to over 2.4-billion-barrel oil potential in Jamaica

OilNOW -
The unprecedented oil exploration success in Guyana is raising hopes for countries throughout the region and this is seeing a renewed emphasis being placed on the search for black gold. An independent evaluation of Prospective Resources offshore Jamaica prepared by Gaffney...
News

Staatsolie celebrates 40 years as Suriname braces for deepwater bonanza

OilNOW -
Staatsolie Maatschappij Suriname N.V., Suriname’s state oil company, is celebrating its 40th Anniversary in a year that has seen almost 70 years of oil exploration culminating with four major deepwater oil discoveries and the opening of the offshore potential...
News

Recruitment firm looking to establish oil and gas training institute in Guyana

OilNOW -
Recruitment firm El Dorado Offshore (EDO) is looking to establish a training institute in Guyana as part of efforts to enhance the capacity and skills of those in the South American country looking to tap into opportunities in the...
News

Oil rises from the ashes, tops $50 first time since March

OilNOW -
(Bloomberg) Brent crude topped $50 a barrel last week for the first time since March, a milestone for an oil market that’s been grinding its way back out of a deep slump for months. Things aren’t back to normal yet,...
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NewsShikema Dey -

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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