Guyana’s shadow oil minister, David Patterson, has complained that the application of Guyana’s new fiscal terms to offshore contracts, among other things, has created an uneven playing field. This issue, Patterson pointed out during an October 6 press conference,...

Brazil's state-controlled oil company, Petrobras, is considering the possibility of resuming operations in Venezuela, encouraged by Chevron Corp's successful re-engagement in the oil-rich nation, according to Chief Executive, Jean Paul Prates. Prates highlighted the strategic importance of expanding into neighbouring...

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its third quarter 2023 results: Earnings Release: Monday, November 6, 2023, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, November...

Guyana and Brazil continue to drive supply in Latin America higher, with new analysis from S&P Global Commodity Insights projecting that the duo will lead a production boost by 400,000 barrels a day in 2024.  New numbers issued by the...

Trinidad and Tobago's Ministry of Energy and Energy Industries has officially unveiled its 2023 Shallow Water Competitive Bid Round. Minister Stuart Young stated, "The Shallow-Water Competitive Bid Round 2023 demonstrates the government's ongoing commitment to the further exploration and...

By Dr. Lorraine Sobers - OilNOW Beginning in 2015, Guyana’s hydrocarbon finds have been fast and fabulous: 11 billion barrels and counting; production has been sizeable and surging: 400,000 barrels per day and growing; incremental GDP has been swift and...

Compact methane instrument enables low-cost, mass deployment of accurate and continuous methane monitoring for elimination of emissionsABU DHABI--(BUSINESS WIRE)--SLB’s End-to-end Emissions Solutions (SEES) business today introduced its next generation methane point instrument, a self-installed continuous methane monitoring system that...

Guyana reported a significant boost in its crude oil export earnings, reaching US$5.39 billion for the first half of 2023, marking a substantial increase of US$1.78 billion compared to the prior year.  The surge in earnings was driven by a...

Aker Solutions, SLB, and Subsea 7 have successfully concluded their proposed transaction to establish a transformative subsea joint venture, unveiling the new entity under the name "OneSubsea." In an official statement issued on Oct 2, the companies announced that...

New service will drive accelerated growth of safer and economic carbon storage projectsABU DHABI--(BUSINESS WIRE)--SLB (NYSE: SLB) today launched its carbon storage screening and ranking solution that increases confidence in site selection decisions based on scientific analysis of the...