Shell and ExxonMobil, joint venture partners in Aera Energy, have decided to sell the company to IKAV, an asset management firm based in Germany. ExxonMobil Corporation disclosed Thursday that its affiliates have signed an agreement to sell all of its...

Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...

Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger. The CMA had noted...

A batch of 24 Guyanese trainee technicians attached to SBM Offshore are off to Canada for an oil and gas training programme to build their capacity and knowledge for integration into the country’s offshore operations. The certificate programme in Petroleum...

ExxonMobil’s fifth Stabroek Block development – Uaru – is set to target three massive reservoirs, Uaru, Mako and Snoek, according to the final Terms and Scope for the project’s Environmental Impact Assessment, submitted to Guyana’s Environmental Protection Agency (EPA). The...

A final investment decision at Block 58 offshore Suriname could come in 2023, rather than later this year as was previously anticipated. Another drillship will move to the Sapakara field to drill a second appraisal well at Sapakara South, where...

Schlumberger, Aker Solutions and Subsea 7 announced on Tuesday the launch of a new start-up venture meant to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. Schlumberger, in the announcement, outlined that...

Eco (Atlantic) Oil & Gas says it remains optimistic about the development potential of the Jethro-1 heavy oil discovery made in 2019 at the Orinduik Block offshore Guyana. The company plans to provide further information on plans and timing...

The UK imported no crude oil or refined products from Russia in June for the first time on record, according to UK trade data. S&P Global Platts said in an August 24 article that this follows phased sanctions on...

Windfall taxes have been introduced in some nations as a knee-jerk reaction to the global energy crisis to help ease the pockets of consumers paying the highest prices in decades for electricity, gasoline, and travel. Country’s such as Canada and the...