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SBM Offshore working to develop FPSOs powered by wind, solar energy

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The reduction of greenhouse gases is one of the greatest challenges facing operators and service companies in the oil industry. But the task is certainly not an insurmountable one for Dutch floater specialist, SBM Offshore. Over the past few...
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Qatar Petroleum inviting Exxon, Chevron and ConocoPhillips for JV gas talks

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Qatar Petroleum will invite Exxon, Chevron and ConocoPhillips for talks to form a joint venture to expand gas production at the country's North Field, Its Energy Minister and QP Chief Saad Al-Kaabi told Bloomberg. According to reports, Qatar wants to...
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Venezuela’s military to escort Iranian tankers bringing petrol

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The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday. Five vessels are on the high seas and are due...
Exploration

U.S. grants royalty relief to hard-hit oil and gas drillers

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(Reuters) The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database, as the industry seeks help weathering low energy prices. The move shows drillers...
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Shell evacuates foreign staff from Iraq’s Basra Gas project – executive

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(Reuters) – Shell has temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of the country but production was not disrupted, officials and company executives said on Thursday. The staff...
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Total lands $15 billion financing commitment for Mozambique project

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(Bloomberg) - A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter. The first and most significant phase of...
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ExxonMobil Guyana names new President as Henson appointed Global VP in Houston

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ExxonMobil Guyana President Rod Henson will be leaving the South American country in the coming months to take up a new position as Vice President, Wells, for ExxonMobil in Houston, with responsibility for all drilling activities around the world. The...
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Guyana competing for investments and must get its act together – Chamber President

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Political instability is a major deterrent to economic growth and Foreign Direct Investment (FDI) and with competition for financial resources, investors looking to come into Guyana will tend to reconsider their options if an improvement in the country’s political...
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Aquaterra gets Trinidad & Tobago platform contract

OilNOW -
UK-based Aquaterra Energy, a global offshore engineering solutions provider, has been awarded the FEED (Front End Engineering and Design) contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field, off of the...
Exploration

Factbox: Oil and gas industry delays repairs amid virus lockdown

OilNOW -
(Reuters) - The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say. Below is a...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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