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Oil giants including Exxon set first joint carbon target

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(Reuters) - A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure...
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ExxonMobil ramps up search for more oil at Redtail-1 offshore Guyana

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The drillship Noble Don Taylor will be moving from the Liza Field to the Redtail-1 well site within the prolific Stabroek Block as ExxonMobil continues its search for more oil offshore Guyana. A notice to mariners published in the local...
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Elections impasse puts millions of barrels and billions of dollars on the line for Guyana – Rystad Energy in new report

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Country could lose up to US$1.6 billion from delays in project approvals for Payara-Pacora development Up to 75 million barrels of oil on the line The prolonged delay in concluding the highly contested Guyana elections is becoming...
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Guyana oil field equipment expenditure to hit peak in 2022 on FPSO demand

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The largest component of forecast offshore Oil Field Equipment (OFE) expenditure will be fixed and floating production equipment, totalling $139 billion, bolstered by activity in Latin America, particularly Guyana, where regional expenditure on the floating platform sector is set...
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IEA raises 2020 oil demand estimate but warns over threat to strong rebound

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(S&P Global Platts) The global economy bounced back from the worst of pandemic lockdowns faster than expected in the second quarter, but a second wave of COVID-19 infections could still derail the strong recovery so far, the International Energy...
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U.S. turns screws on maritime industry to cut off Venezuela’s oil

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(Reuters) - Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S....
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Santokhi is new Suriname President

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(StarNieuws) Chan Santokhi has been elected President of the Republic of Suriname and Ronnie Brunswijk as Vice President. The meeting was attended by all political groups, so that more than 34 members were present in the room. Although there...
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Crucial aspects of Guyana’s oil & gas development on back burner as election impasse drags on

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The South American country of Guyana entered 2020 with great expectations for a bright future as oil production got underway last December and an upgrade in the offshore Stabroek Block resource estimate was announced in January along with the...
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Apache extends Noble Sam Croft contract for Suriname campaign

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Apache Corporation, operator at Block 58 offshore Suriname, has extended its contract for the Noble Sam Croft drillship by executing an option for another well. The contract initially expired in June, prior to which the Sam Croft made two discoveries...
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Brazil, Angola take bigger share of Chinese oil market

OilNOW -
China imported crude oil at the rate of 11.93 million barrels per day last month, 25.4 percent faster than a year earlier and the fastest rate in any month on record, the OilX Research website says. OilX Research says the...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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