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Oil stable as signs of easing virus offset U.S.-China tensions

OilNOW -
(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

OilNOW -
(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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New ExxonMobil Guyana President looking to build on company’s success

OilNOW -
Alistair Routledge, the new President of ExxonMobil Guyana says he is looking to build on the accomplishments the company has made over the past several years, as he takes up the top leadership role. That success includes 16 oil discoveries,...
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Shell’s $780 million dry hole dims outlook for Brazil oil

OilNOW -
(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

OilNOW -
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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NewsKemol King -

Exxon, Guyana push for joint planning on Berbice gas-fed industries

ExxonMobil Guyana Commercial Manager Paul Foster on Tuesday said that there are unique advantages to investing in Guyana, as...

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