Friday, December 2, 2022

Regional

Exxon Houston facilities back in operation after Harvey disaster

ExxonMobil said today that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey. Offshore production...

Belize halts oil purchases from Venezuela’s PDVSA

Belize Energy Limited (Apbel) will not purchase any oil derived product within Petrocaribe’s framework. The company made this announcement on September 17, after alleging the escalation of issues from PDVSA due to a breach of contract. “We are indeed very...

Business summit slated or September 25-26 to focus on transformation of economy

The Caribbean-Central American Action (CCAA) and the Inter-American Development Bank (IDB) will be hosting a business summit in Guyana in collaboration with a number of stakeholders, slated for September 25 and 26. The event; The Transformational Economy: Perspectives and Opportunities...

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...

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Hess first oil company to enter three-quarter billion USD carbon credits deal with Guyana

Stabroek Block stakeholder, Hess Corporation, has committed to purchasing US$750 million in carbon credits from Guyana, kicking off a...