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ExxonMobil’s lone diving contractor in Guyana inks deal for provision of subsea services

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Aqueos Corporation and AGT Energy Group Inc., on Wednesday, inked a Memorandum of Understanding (MoU) to provide subsea and other marine services to Guyana’s growing oil and gas sector. Aqueos said in a press release it currently has a five-year...
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Upcoming oil summit focusing big on local content, women’s involvement in the sector

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The Guyana Oil and Gas Virtual Summit, which is slated for December 1-3, 2020 will be placing keen focus on local content and increasing the participation of women in Guyana’s oil and gas sector. Organised by CWC/Global Future Energy Limited...
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Guyana government plans to invite EOIs for mega deepwater harbour

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The Government of Guyana is pursuing the development of a deepwater harbour in the Berbice area to accommodate large vessels and provide the infrastructure needed to support oil and gas operations and the growing business activities in the South...
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Establishing local content law is popular with citizens, but not always effective – AMI analyst

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An expert at Americas Market Intelligence (AMI) says oil firms operating in Guyana and government should meet regularly, in good faith, to discuss constraints facing the companies in the country and develop long-term targets and commitments that go beyond...
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Post pandemic oil and gas opportunities will far outweigh challenges, says ADNOC CEO

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The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2020 Virtual – the world's biggest online gathering of oil and gas industry leaders – opened on Tuesday with a bullish forecast for the sector to emerge stronger from the...
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Refining sector braces for “great shakeout” as demand destruction delivers blow

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Demand destruction wrought by the impacts of the global pandemic is precipitating rapid rationalization in the refining sector as the industry adjusts the level of refining capacity needed compared to what had been expected prior to the pandemic, IHS...
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ExxonMobil set to spud ‘Liza look alike’ in first campaign at Guyana’s Canje block

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The first exploration well at the Canje block offshore Guyana will be drilled by the end of the year, ExxonMobil has confirmed. The well - Bulletwood-1- has been described by analysts as a ‘Liza look alike’ with a target...
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Dated Brent boosted by vaccine news a month ahead of Guyana’s final oil lift for 2020

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Rare positive news amid the coronavirus pandemic pushed crude oil flat prices, including the flat price Dated Brent benchmark, sharply higher on Monday, although physical differentials remained stuck in negative territory for some BFOET grades, S&P Global said in...
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Oil rises on hopes for COVID-19 vaccine, declining U.S. crude stocks

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(Reuters) - Oil prices climbed on Wednesday as hopes of an effective COVID-19 vaccine continued to bolster sentiment and an industry report showed U.S. crude inventories fell more than expected. Brent crude rose $1.17, or 2.7%, to $44.78 a barrel at...
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Oil prices may rise to $50/b in six months, stocks back to normal in Q3: Vitol

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(S&P Global Platts) Oil prices may climb to $50/b in six months and crude stocks fall to "normal" in the 2021 third quarter if the OPEC+ coalition delays plans to add crude to the market and the demand outlook...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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