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Apache defies skeptics with major South American oil discovery

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(Bloomberg) Apache Corp. proved skeptics wrong with a major discovery off the northeast coast of South America, a hotly anticipated oil target that investors had feared would be another flop for the U.S. producer. The update on the Maka Central-1 well...
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Aramco CEO says oil’s ‘central bank’ can handle any disruption

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(Bloomberg) Aramco’s quick recovery from the attacks on its Abqaiq oil facility shows resilience and flexibility that’s without parallel in the industry, proving to the world that Saudi Arabia is a reliable supplier, said Chief Executive Officer Amin Nasser. State-run...
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CNOOC targeting 227 exploration wells in 2020

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CNOOC Limited plans to ramp up its exploration programme in 2020 as multiple projects come on stream, including the Liza Phase 1 Development in Guyana’s Stabroek Block where the company has a 25% stake. The Company’s targeted net production for...
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Hull for 220,000 bpd Liza Unity FPSO arrives in Singapore

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After a journey of 2,300 nautical miles, the Fast4Ward® hull for the Liza Unity FPSO - ExxonMobil's second development offshore Guyana - has safely arrived at Keppel shipyard in Singapore, from China. This is SBM Offshore’s first generic hull, the...
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ExxonMobil has opened up a new oil province in South America with untold potential

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Decades of failed attempts to find oil in the Guyana-Suriname basin saw companies bailing out and disappointment mounting, with many persons, ranging from laymen to experts, concluding that striking black gold in this frontier was unlikely and way too...
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TT suffered 20,000 job losses in five years; O&G sector employment reduced by 40 percent

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More than 20,000 people in Trinidad and Tobago have lost their jobs since 2015, with more than 5,500 being sent home when the Petrotrin refinery closed down on November 30, 2018 in what has been a slew of job...
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Brent oil prices could slip below $60 in 2020 even in face of Middle East tensions

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Despite heightened tensions in the Gulf region following the US drone attack in Baghdad that killed Iranian General Qassem Soleimani, the resulting surge in oil prices will not be sustained. In fact, analyst expect to see a downward risk...
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Suriname discovery contains 300 million barrels of oil, over 1 trillion cubic feet of gas – WoodMac

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UK-based global energy consultancy group Wood Mackenzie says based on its estimate the discovery announced last week off the coast of Suriname could contain hundreds of millions of barrels of oil and over a trillion cubic feet of gas,...
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Three years after $1 billion Venezuela deal, U.S. oilfield firm shuts doors

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(Reuters) - An Oklahoma oilfield company that played a central role in Venezuela’s high-profile attempt to convince the world it could halt production declines at its dilapidated oilfields has shut its doors, according to three people familiar with the...
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China opens up oil and gas exploration, production for foreign, domestic firms

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(Reuters) - For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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