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Russia state oil company discovers new Arctic gas field

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(S&P Global) Russian state-owned oil and gas producer Rosneft said December 9 that it has discovered a large new gas field in the Arctic Kara Sea. Rosneft is playing a key role in Russia's Arctic strategy, which aims to capitalize...
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ExxonMobil has no plans to recover over $2.7 billion spent in Guyana on social programmes – Routledge

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The more than GY$2.7 billion invested by ExxonMobil in contributions and sponsorships of various organisations and activities across Guyana will not be recovered by the company, a top official said on Tuesday. More than GY$280 million was invested in contributions...
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Chevron’s CEO calls for “action over pledges” to deliver on low carbon goals

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(Bloomberg) --Fresh from overtaking Exxon Mobil as North America’s biggest oil company, Chevron Corp. has a “simple promise” to investors: higher returns and lower carbon. Delivering on that promise is critical: an activist investor announced a campaign on Monday targeting...
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ExxonMobil has moved over 6,000 people offshore without a single case of COVID-19 – Routledge

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ExxonMobil has been able to forge ahead with its exploration, development drilling and oil production operations offshore Guyana over the last several months without recording a single case of COVID-19, the head of the company’s activities in the South...
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Guyana and Suriname sign historic ‘Open Skies Agreement’ as economic surge set to boost travel

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New oil producer Guyana has signed a historic deal with neighbouring Suriname that will allow for easier travel between the two countries. The agreement was signed on Monday in the Savannah Suite of the Pegasus Hotel in Georgetown, Guyana’s Capital...
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Oil falls on surging virus cases, U.S.-China tensions

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(Reuters) Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China. Brent crude fell 59...
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ExxonMobil Guyana plugs GY32M into purchase of rapid testing kits for COVID-19

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The Ministry of Health’s rapid antigen testing capacity for COVID-19 has received a major boost with the donation of $32M from ExxonMobil Guyana that will enable the purchase of 20,000 kits. The cheque was handed over on Monday at...
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U.S Ambassador urges ‘fastest growing economy in the world’ to prepare for sweeping changes

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New oil producer Guyana will continue to see growing interest from investors around the world looking to tap into the opportunities the offshore multi-billion-barrel hydrocarbon resources are providing. U.S Ambassador to Guyana, Sarah-Ann Lynch says now is the time...
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Orinduik block operator Tullow gets licence extensions in Kenya

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UK-based Tullow Oil said Monday its Joint Venture partners have received extensions to their exploration licences for Blocks 10BB and 13T in Kenya to the end of 2021. This follows the approval of the work programme and budget for next...
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Impact of U.S. blacklisting on CNOOC’s operations currently limited – S&P Global Platts

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The blacklisting of state-run upstream company China National Offshore Oil Corporation by the US government on December 3 has raised the stakes for China's oil and gas companies amid worsening trade and diplomatic relations between the two countries, S&P...
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Lanternfish-1 and Blacktip-1 among top global high-impact wells for 2025, says S&P Global

PARAMARIBO, SURINAME – Two Guyana prospects – Lanternfish-1 and Blacktip-1 – have been ranked among the world’s most significant...

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