Saturday, July 2, 2022

Regional

Global energy consumption to increase by 28% – EIA

World energy consumption is projected to increase by 28% between 2015 and 2040 according to the US Energy Information Administration. In figures published last week, EIA said coal demand will remain flat, and renewable energy will be the world’s...

Tullow says not much opportunity for local content in exploration phase

Country Representative of Tullow Oil in Guyana, Joachim Vogt, says not much opportunity exist for local content in the exploration phase of offshore operations. Vogt was at the time responding to a question from OilNOW about the likelihood of Guyanese...

Crude trades near $50/bbl after decline in U.S. drilling

(Bloomberg) -- Oil traded near $50/bbl in New York, close to a three-month high, as a further reduction in U.S. drilling added to signs the global crude surplus is abating. WTI futures slipped 0.5% after advancing 5.1% last week. Rigs...

Shell, Petrobras sign agreement to strengthen deep water partnership

Royal Dutch Shell and Petrobras last week signed  in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Shell will benefit from technical solutions, contract management expertise and cost...

Paradigm to demonstrate efficiency-enhancing technologies at SEG 2017

Paradigm will present the latest innovations in its extensive suite of geological and geophysical software solutions in at the SEG International Exposition and 87th Annual Meeting in Houston, to be held September 24-29.  Demonstrations will feature integrated workflows for seismic processing and imaging, interpretation,...

Oil fell and Venezuela collapsed

Understanding the current political and socio-economic situation in Venezuela is not as simple as reading the news of the day. In order to grasp this ‘man made calamity’ according to Fernando Menendez – Economist and Senior Fellow from the...

Hess named to Dow Jones Sustainability Index

Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eighth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders...

US States sue Trump administration over fuel economy fines

(AP) New York, California and three other US States are suing the Trump administration, saying it must put in place higher penalties for automakers that violate federal fuel economy standards. The U.S. Department of Transportation more than doubled civil penalties...

ExxonMobil says “significant progress” made in restarting Texas operations

ExxonMobil said Tuesday that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and other logistical infrastructure in the Houston area. The company’s fuel terminals in Houston...

US team arriving Wednesday in Guyana to finalise oil spill response plan

A team comprising members of the United States Coast Guard (USGS) and the US Department of Interior (DOI) will be in Guyana from September 6 – 8 to help finalise Guyana’s National Oil Spill Emergency Plan. The team will be visiting Guyana...

Latest News

Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said...