Ed Crooks, Vice-Chair, Americas at Wood Mackenzie says rumours of “the death of OPEC” have been circulating for almost as long as the organisation has existed. Just three years after the cartel was founded in 1960, it almost broke...
The successful foray by ExxonMobil into the Ranger-1 reservoir offshore Guyana saw the deepest drilling exercise to date some 60 miles north-west of the prolific Liza field.
The Ranger-1 well was drilled in a new area, encountering approximately 230 feet...
The Maka Central-1 and Sapakara West-1 discoveries, the first of their kind offshore Suriname, are likely to be developed in coming years utilizing a high capacity floating oil production complex. The two discoveries are located approximately 20 kilometers (12...
(Reuters) - Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for Venezuelan crude sales stopped receiving oil, Refinitiv Eikon data and...
(The Chronicle Herald) The association representing businesses involved in Newfoundland and Labrador’s offshore oil sector is adding written words to spoken ones as it continues to press Prime Minister Justin Trudeau to provide federal government help for the beleaguered...
Dutch floater specialist SBM Offshore has provided 30,000 pieces of protective gear to the Civil Defence Commission (CDC) in Guyana to help with the agency’s national response to the COVID-19 pandemic.
In a press update on Wednesday, SBM Offshore said...
Schlumberger Guyana is moving to construct an office building and workshop to support the ExxonMobil operations at the Liza Development. The company is looking for highly qualified contractors to build these facilities which will be located at Houston Port,...
Occidental Petroleum Corp and Norwegian state-oil company Equinor ASA are removing non-essential workers from some Gulf of Mexico facilities ahead of Tropical Storm Cristobal, the companies said on Wednesday, according to a Reuters report.
Gulf of Mexico operations are continuing...
(Reuters) Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned.
OPEC and non-OPEC allies,...
New oil producer Guyana is being urged to avoid sanctions from the international community over its March 2 elections at all cost since such measures could have far-reaching effects that would be damaging to the country’s growth and development.
Several...
