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Exxon extended position in South America last year despite pandemic woes

OilNOW -
Although faced with its most challenging year to date due to the impact of the coronavirus pandemic, U.S. oil major ExxonMobil made significant strides in South America last year, extending its position across multiple basins off the continent's northeastern...
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Etherington to head Ramps Logistics Guyana operations

OilNOW -
Darren Etherington is set to join the Ramps Logistics team in the new oil producing country of Guyana, taking over as Country Manager. “To create a strong Caribbean brand, we need the best minds and talents the world has to...
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Edison Chouest moves towards employing 100 percent Guyanese workforce

OilNOW -
US marine transportation service provider, Edison Chouest Offshore, through its local affiliate G-Boats (Guyana) Inc, has set ambitious targets for the employment of Guyanese to staff their in-country operations, with plans of moving their workforce from 73 percent local,...
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Argentina’s ‘dead cow’ producing tight oil at record levels, matching US well scores

OilNOW -
The oil production decline that the coronavirus pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory, Norway based Rystad Energy said on Wednesday. The reserve’s oil output has not only rebounded to pre-pandemic levels but...
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Guyana offshore driller Stena enters major partnership for decarbonization exploration

OilNOW -
Stena Drilling, the company that operates the Stena Carron rig currently exploring for hydrocarbons offshore Guyana, has entered into a strategic framework agreement for decarbonisation exploration with UK based dCarbonX to support the development of offshore “geoenergy” resources. Both parties...
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Guyanese companies being prioritised for contracts as Schlumberger pursues major expansion

OilNOW -
Oilfield Services Company Schlumberger is pursuing an aggressive local content programme that will see employment opportunities opening up for Guyanese as well as priority being given to local companies for a number of upcoming tenders. Schlumberger is the world’s largest...
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Exxon reports steady progress in Guyana’s supplier-base, workforce capacity

OilNOW -
ExxonMobil Guyana asserted on Tuesday that the South American country has made steady progress in the expansion of the nation’s capacity to build a skilled workforce and create a competitive supplier base to support its oil and gas operations. The...
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Venezuela releases Guyanese fishing vessels, crew

OilNOW -
Venezuelan authorities have released the two Guyanese fishing vessels and 12 crew members that were detained almost two weeks ago by its navy. Guyana has maintained that the vessels were operating well within its waters at the time of...
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ExxonMobil launches new company to advance low carbon portfolio, reduce emissions

OilNOW -
ExxonMobil, operator of three deepwater blocks offshore Guyana, has announced the creation of a new business – ExxonMobil Low Carbon Solutions (ELCS) – which will be used to commercialize its extensive low-carbon technology portfolio. According to the oil major,...
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Exxon reports US$20.1 billion loss for Q4 2020 in most challenging year to date

OilNOW -
U.S. oil major, ExxonMobil on Tuesday reported an estimated fourth quarter (Q4) 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. The company said Q4 capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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