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ExxonMobil exits exclusive Dow Jones Industrial Average club as focus shifts to tech firms

OilNOW -
(Bloomberg) --Exxon Mobil, Pfizer and Raytheon Technologies exited the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock...
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Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

OilNOW -
Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As opposed to other countries with established oil and gas sectors in the region, Brazil...
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US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

OilNOW -
(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
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Tender reopens to market light sweet Liza Crude

OilNOW -
The Guyana government has moved forward with reopening the tender for marketing the country’s share of the Liza Crude being produced 120 miles offshore at the ExxonMobil Liza Phase 1 Development. In a notice published in the local press, the...
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Oil and gas pushing major investment opportunities in South America’s newest hotspot

OilNOW -
Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...
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Guyana, ExxonMobil discuss offsetting emissions from Payara

OilNOW -
In keeping with Guyana's goal to achieve its climate change targets, Vice President, Dr. Bharrat Jagdeo, said discussions have been held with ExxonMobil about offsetting emissions from Payara, its third offshore development, which is currently being reviewed by a...
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Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

OilNOW -
(Reuters) - Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s...
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Oil industry world records you may not have heard of

OilNOW -
Tallest, biggest, deepest…and craziest Source: Equinor Gigantic platforms, amazing feats of engineering—and the world’s deepest concert, performed by Katie Melua on the seabed. The oil industry is full of world records. Here are some of them: Can you imagine oil rigs...
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U.S. eyes October deadline to end exemptions on Venezuela oil sanctions

OilNOW -
(Reuters) - The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources said, as Washington seeks to raise the...
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ExxonMobil remains engaged with Guyana government on proposed gas to shore project

OilNOW -
ExxonMobil remains engaged with the Government of Guyana regarding a proposed project that could see gas from the offshore Liza field being piped to shore. Since discussions on the project resumed just over a week ago with Guyanese authorities,...
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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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