The reopening of the Suez Canal is now likely to take several days, market watchers told S&P Global Platts on March 25, as almost 40 oil and LNG tankers have piled up to transit one of the world's most...
CNOOC Limited announced on Thursday its 2020 annual results for the year ended December 31, 2020. The company said last year it strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices...
Noble Corporation and Pacific Drilling Company LLC announced Thursday that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. The definitive merger agreement was unanimously approved by each company's...
The Guyana basin continues to shine with a range of world class attributes such as low breakeven prices, high quality crude and wells that are relatively shallow, which one co-venturer in the prolific Stabroek block says can be drilled...
In February, crude flows from the United States to India totaled 2.11 million mt, about 31% higher than the 1.61 million mt from Saudi Arabia, putting the US as the No. 2 importer during the month, trailing only top importer Iraq,...
There are approximately three Suezmax-sized cargoes that load in Guyana each month, a pattern seen since October 2020, according to cFlow, an S&P Global Platts trade-flow software. These cargos are lifted for ExxonMobil, operator at the Stabroek block, co-venturers...
Energy intelligence firm Vortexa has so far identified ten tankers carrying around 13mn bbl of Middle East crude that could be affected by the blockage of the Suez Canal - caused by a container ship accident in the narrow...
The Government of Guyana sold its 5th oil cargo to Hess in February which saw the country being paid the highest sum to date for its exports, on par with the market price for crude at the time. The...
Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian continental shelf (NCS). Preliminary estimates place the size of the discovery between 12 and 19 million standard...
Political instability has always been the Achilles' heel of Latin America. Investments in the region have often been jeopardized by governments who make changes to what came before. The energy sector has been particularly affected, as it has been...
