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Frontera upbeat about Guyana offshore as big leads targeted for drilling

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Frontera Energy said on Thursday it is highly optimistic about newly detected drill prospects on the offshore block it shares with CGX Energy in Guyana and is eager to move ahead with drilling when analysis on a recently concluded...
News

Venezuela state-oil firm looking to ship its own oil as crushing sanctions deepen

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Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions,...
News

Crude oil futures edge higher

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Crude oil futures were marginally higher in mid-morning Asian trade Aug. 7 as optimism over a better-than-expected US jobs report and pledged compensation cuts by Iraq buoyed the market despite the growing COVID-19 case counts worldwide, S&P Global Platts...
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REUTERS: BP poised to sell ‘stranded assets’ even if oil prices rally

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(Reuters) - BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar with...
News

Guyana set to benefit from US$50 billion in project sanctioning spread across 10 FPSOs – Rystad Energy

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US oil major ExxonMobil is projected to expend around US$50 billion in project sanctioning over the next 10 years for its offshore development activities in Guyana, according to Norway-based energy research and business intelligence company, Rystad Energy. Of the 16...
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Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza – Staatsolie MD

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Suriname state oil company Staatsolie would like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the Liza discovery in Guyana which operator ExxonMobil was able to move to first oil in...
Exploration

‘Multiple high potential leads’ identified on Corentyne Block – CGX Energy

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CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic acquisition conducted on the block has identified two potentially highly prospective...
News

ExxonMobil plugs over GY$15 million more into VYC’s STEM programme

OilNOW -
Volunteer Youth Corps Inc. (VYC) announced Thursday that ExxonMobil Guyana has provided more than GYD 15 million to fund its Science Technology Engineering Mathematics (STEM) education afterschool Program for the 2020-21 school year, in Guyana. This new commitment, that is...
News

Guyana’s 2nd oil production complex over 50% complete

OilNOW -
The Liza Unity FPSO, Guyana’s second oil production vessel, is currently under construction in Singapore and remains on target for delivery in 2022. Dutch floater specialist, SBM Offshore, said Thursday after the temporary closure of the yards in Singapore due...
News

New Cabinet in place as Guyana government prepares for oil transformation

OilNOW -
Nineteen persons were sworn in as ministers on Wednesday by newly elected Guyanese President, Irfaan Ali, who said the combination of youth and experience in his new Cabinet will take the South American country to its next level of...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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