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Shell’s $780 million dry hole dims outlook for Brazil oil

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(Bloomberg) Royal Dutch Shell Plc has just drilled a dry hole in Brazil’s premier offshore region, a sign state-controlled Petrobras may have already grabbed the best oil deposits and left competitors hunting for smaller game. Shell completed its first well...
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Lead environmental consultants for Guyana offshore developments enter strategic partnership

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ERM Guyana Inc., an affiliate of ERM, said Wednesday it has entered an agreement with Guyana-based Environmental Management Consultants (EMC) to formalize the relationship between the two entities to provide environmental and socioeconomic support in Guyana, with a particular...
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Alistair Routledge officially takes up new position as ExxonMobil Guyana President

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Alistair Routledge has taken up his new post as President of ExxonMobil Guyana after serving in a similar role in Qatar over the past six years. He replaces Rod Henson who was recently named Vice President, Wells, for ExxonMobil...
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Agreement sealed for increased gas supply in Trinidad and Tobago

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The National Gas Company of Trinidad and Tobago Limited (NGC) and BHP have announced the successful completion of negotiations of a Gas Sales Agreement for the Ruby Field. Ruby is located in Block 3(a), off the east coast of...
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Why developing Guyana’s oil fields early matters

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The jury is out on what future oil demand will look like, when the world will hit peak oil and what long-term impacts the coronavirus and the energy transition are likely to have on demand. With Guyana sitting on...
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China’s oil facilities under pressure from record imports

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Congestion at China’s east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv...
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CNOOC starts production at Luda development project

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China’s state oil company CNOOC has began production at the Luda 21-2/16-3 regional development, located Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal. CNOOC said the average...
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Guyana set to participate in SPE 5-day virtual event

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The Society of Petroleum Engineers is set to host its first-ever virtual event for the Latin American and HSE and Sustainability communities on July 27-31, 2020. SPE said it initially planned to co-locate two top-tier events this year in Colombia;...
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Guyanese official now heads Tiger Rentals country office

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Tiger Rentals Guyana Inc. announced on Wednesday that it has appointed Guyanese, Shane Singh, as its new Country Manager. “Mr. Singh’s appointment will play a critical role in supporting Tiger Rentals’ continued growth, strategy and delivery of quality service in...
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Big Oil’s worst-ever loss puts historic BP dividend cut in play

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(Bloomberg) For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss. Once a money-making machine, Big Oil is now relying on ever-increasing amounts of...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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