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Hope probe: UAE launches historic first mission to Mars

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The satellite is one of a number of projects the UAE government says signals its intention to move the country away from a dependence on oil and gas and towards a future based on a knowledge economy. (BBC) The United...
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Halliburton forms strategic agreement with Microsoft and Accenture to advance digital capabilities

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Halliburton, Microsoft Corp. and Accenture (NYSE: ACN) have entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure. Under the agreement, Halliburton said it will complete its move to cloud-based digital platforms and strengthen its customer...
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Venezuela’s oil production regresses 77 years under socialism

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(Panam Post) In the middle of the 21st century, Venezuela’s oil industry regressed 77 years to the point where crude oil production fell to historic lows that are reminiscent of 1943. OPEC reports revealed that in June, oil production fell...
Exploration

Heavy oil at Orinduik similar to North Sea, Gulf of Mexico commercial crude

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The heavy oil discovered in 2019 at the Orinduik block offshore Guyana is similar in quality to crude being produced and commercialized in several parts of the world, including the US Gulf of Mexico, North Sea and Brazil’s Campos...
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Oil and gas project sanctioning set for staggering decline in 2020

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Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the COVID-19 pandemic has caused E&P spending to drop much lower than what was expected at the beginning of the crisis....
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Crude shipments resume from Pemex floating oil storage unit after collision

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(Reuters) - An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted exports earlier this month, according to a person with knowledge...
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ExxonMobil submits application for Kaieteur block activities

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ExxonMobil has submitted a block-wide application for environmental authorization to conduct oil and natural gas activities on the deepwater Kaieteur block, company spokesman Todd Spitler is quoted as saying in an S&P Global Platts report this week. The Kaieteur block...
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Survey to evaluate seabed conditions at Stabroek block wraps up

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Ocean Infinity said on Thursday it has successfully completed a project for ExxonMobil offshore Guyana which served to identify and evaluate seabed conditions at the prolific Stabroek block. The project involved acquiring high-resolution geophysical and geotechnical data through the simultaneous...
News

Payara will be delayed by a year – Platts analyst

OilNOW -
An analyst at energy and commodities information company S&P Global Platts anticipates that ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana will be delayed by a year. The Payara development, which is targeting 180,000 to 220,000 barrels of oil...
News

In Suriname, the coronavirus pandemic dislodges a once-unmovable strongman

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(World Politics Review) Any doubt that the coronavirus pandemic can transform political realities was erased Monday when one of the world’s most entrenched strongmen was formally swept out of power in the tiny South American nation of Suriname. The...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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