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Oil trading profits soar for energy majors who made storage bets

OilNOW -
(Bloomberg) –In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into...
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Canje Block partner JHI Associates once again backing Guyana Amazon Warriors

OilNOW -
JHI Associates Inc. announced on Monday that it is entering its second season as an Official Sponsor of the Guyana Amazon Warriors. The Warriors will represent Guyana in the Hero Caribbean Premier League 2020 cricket tournament from August 18...
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Shell’s final lift of Liza crude could push Guyana’s revenue well over US$130 million

OilNOW -
Shell Western Supply and Trading Limited will lift its third and final 1 million barrels of Liza Crude next week under the existing contract it has with the government of Guyana which could see the country’s revenue from oil...
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Oil stable as signs of easing virus offset U.S.-China tensions

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(Bloomberg) Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5%...
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Rystad Energy says 2nd COVID-19 wave expected to be less destructive on oil demand

OilNOW -
As COVID-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now changing its base case scenario for oil demand, incorporating...
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China imports more oil from Saudi than any other country in June

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(Reuters) - China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the...
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Guyana COVID-19 Situational Report with forecasts

Bobby Gossai, Jr. -
Updated: July 24, 2020 Chart 1: Coronavirus Healthcare Status in Guyana The chart above highlights the trend of the healthcare status of patients who have contracted the coronavirus, from March to July 23, 2020.  The average number of patients at institutional...
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Stabroek Block discoveries in a ‘safe and advantaged’ position but don’t delay developing resources – urges WoodMac analyst

OilNOW -
When one takes into consideration the impact of the COVID-19 pandemic on global demand for oil as well as increasing calls for a shift to renewable sources of energy, many industry stakeholders have been moved to question whether the...
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Schlumberger to cut more than 21,000 jobs

OilNOW -
The world’s largest oil-field services company, Schlumberger Ltd., is moving to cut more than 21,000 jobs as it posted its weakest sales in 14 years amid a slash in spending by oil producers in response to a historic drop...
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ExxonMobil, partners discover new Carbon Capture Technology material

OilNOW -
Scientists from ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material that could capture more than 90 percent of CO2 emitted from industrial sources, such as natural gas-fired power plants, using low-temperature steam, requiring less...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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