Since oil production began in Trinidad and Tobago (T&T) in 1908 and the commercialization of natural gas, which started later, in the 1950s, the country’s economy has grown, making it one of the most prosperous in the CARICOM region.
Today,...
The Noble Sam Croft has arrived offshore Guyana taking the total number of drill ships on contract with ExxonMobil operating in the South American country to six.
The Sam Croft was recently released from drilling operations in neighbouring Suriname where...
Italian multinational oilfield services company Saipem participated in The Economist’s Sustainability Week, an event organised by The Economist, with the presentation of 2 case studies. It marks the publication’s sixth annual event dedicated to the topic of sustainability that took place...
CNOOC Limited announced on Thursday its 2020 annual results for the year ended December 31, 2020. The company said last year it strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices...
The Guyana basin continues to shine with a range of world class attributes such as low breakeven prices, high quality crude and wells that are relatively shallow, which one co-venturer in the prolific Stabroek block says can be drilled...
In February, crude flows from the United States to India totaled 2.11 million mt, about 31% higher than the 1.61 million mt from Saudi Arabia, putting the US as the No. 2 importer during the month, trailing only top importer Iraq,...
There are approximately three Suezmax-sized cargoes that load in Guyana each month, a pattern seen since October 2020, according to cFlow, an S&P Global Platts trade-flow software. These cargos are lifted for ExxonMobil, operator at the Stabroek block, co-venturers...
Oil and gas exploration activities remain resilient even after a devastating year that saw investments declining by more than 30%, widespread shut-ins, and well over 100 bankruptcy filings. But after the gloom of 2020 oil and gas demand recovery...
Reinstallation of components of the flash gas compression system is progressing offshore Guyana on the Liza Destiny FPSO.
ExxonMobil Guyana, operator at the Stabroek block, said in an update on Tuesday that critical equipment alignments, lifting of the suction silencer...
Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040, according to research conducted by consultancy group Wood Mackenzie. "Exploration will be critical...
