News

Saipem secures contracts in Offshore Drilling and Offshore E&C

ExxonMobil Guyana Tier 1 contractor Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding...

45% of data capture complete in hunt for petroleum offshore Jamaica

The most advanced survey ever to be carried out in search of petroleum in Jamaica is just over 45% complete after which an analysis of the data will be undertaken to determine the findings. According to an April 19 report...

CNOOC wants China to speed up reform of fuel pricing

Chinese operator CNOOC Ltd, a joint venture partner together with ExxonMobil and Hess in the Stabroek Block offshore Guyana, is calling on Beijing to speed up the liberalisation of its retail fuel pricing scheme as high diesel and gasoline...

ā€œIt’s not all about oil…it’s about investing in Guyaneseā€ – TOTALTEC

As the oil age dawns on Guyana in 2020, there is little time to prepare the hundreds of Guyanese that need to be trained in the basics of Oil and Gas and to obtain the necessary certifications that provide...

Noble drillship equipped with fail-safe mechanism to keep vessel in position during an emergency

With no physical anchor embedded in the sea floor, the Noble Bob Douglas drillship currently searching for oil off the Guyana coast remains in position through the use of a sophisticated computerized system controlled and monitored around the clock...

Guyanese among crew poised to embark on historic drill campaign aboard Noble Bob Douglas

Currently positioned approximately 88 nautical miles off the Guyana coast in the deep blue waters of the Atlantic Ocean, the Noble Bob Douglas hovers above the 13th well being drilled by ExxonMobil in the Stabroek Block. The US oil...

Laid-off sugar workers finding hope in Guyana’s petroleum industry

Several sugar workers who lost their jobs when estates began closing in Guyana last year have now been given a second chance at acquiring new skills and gaining employment in the oil and gas industry through the operations of...

Curtain drawn back on the energy giant that makes more profit than all of Big Oil combined

For the first time in 40 years Saudi Aramco numbers have been revealed — and they are huge — in fact the world’s biggest For four decades the financial performance of Saudi Aramco has been one of the biggest secrets...

Oil falls after Trump criticizes OPEC for artificially high prices

(Reuters) - Oil prices fell on Friday after U.S. President Donald Trump criticized OPEC and said oil prices were artificially high, but they were still set for a weekly gain. Brent crude oil futures LCOc1 were at $73.01 per barrel...

Ranger and Pacora discoveries among 6 CNOOC made for Q1 2018

CNOOC Limited achieved total net production of 120.1 million barrels of oil equivalent for the first quarter of 2018, representing an increase of 0.8% year over year. According to a statement from the company, production from offshore China decreased...

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Eni, Repsol deal targets 645 mcf/d domestic supply at Venezuela’s Perla field ahead of 2031 exports

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field...