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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

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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

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(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

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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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Alistair Routledge officially takes up new position as ExxonMobil Guyana President

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Alistair Routledge has taken up his new post as President of ExxonMobil Guyana after serving in a similar role in Qatar over the past six years. He replaces Rod Henson who was recently named Vice President, Wells, for ExxonMobil...
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Agreement sealed for increased gas supply in Trinidad and Tobago

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The National Gas Company of Trinidad and Tobago Limited (NGC) and BHP have announced the successful completion of negotiations of a Gas Sales Agreement for the Ruby Field. Ruby is located in Block 3(a), off the east coast of...
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Why developing Guyana’s oil fields early matters

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The jury is out on what future oil demand will look like, when the world will hit peak oil and what long-term impacts the coronavirus and the energy transition are likely to have on demand. With Guyana sitting on...
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China’s oil facilities under pressure from record imports

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Congestion at China’s east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv...
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CNOOC starts production at Luda development project

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China’s state oil company CNOOC has began production at the Luda 21-2/16-3 regional development, located Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal. CNOOC said the average...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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