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A service for energy industry professionals · Tuesday, January 19, 2021 · 534,723,976 Articles · 3+ Million Readers
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  • Published on Dec 19, 2020

    AFC Leader holds one of the world’s worst oil contracts as a badge of honour

    Dec 19, 2020 News By Mikaila Prince Alliance For Change Leader, Khemraj Ramjattan. Kaieteur News – While former Minister of Natural Resources and Alliance For Change (AFC) Chairman Raphael Trotman has conceded that the Stabroek Block Agreement is lopsided …

    Source: Kaieteur News - Neutral
  • Published on Nov 15, 2020

    Brazil Is Emerging As The World’s Leading Offshore Oil Producer

    Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s …

    Source: Investing.com - Neutral
  • Published on Sep 12, 2020

    Guyana #7 in the world for toxic gas flaring per capita, with just one oil vessel operating

    Sep 12, 2020 News 0 … Exxon wants four more added by 2025 By Kemol King ExxonMobil has flared more than 10 billion cubic feet of natural gas since it started producing oil at its Liza Phase One operations, which has placed Guyana at number seven in the …

    Source: Kaieteur News - Neutral
  • Published on Oct 26, 2020

    More than 18 countries lost US$ billions in revenue due to poor hydrocarbon accounting systems

    Oct 26, 2020 News -TT expert urges Guyana to avoid making same mistakes Kaieteur News – Now that Guyana is more than nine months into facilitating lifts of its light, sweet crude being produced in the Liza Phase One field, industry experts are of the firm …

    Source: Kaieteur News - Neutral
  • Published on Jan 21, 2020

    Oil & Gas Stock Roundup: Schlumberger's Q4, Eni's Agogo Start

    It was a week where oil futures settled lower and natural gas prices fell to their lowest level since May 2016. On the news front, oilfield service major Schlumberger (SLB - Free Report) reported upbeat fourth-quarter earnings on strength in its …

    Source: Zacks.com - Neutral
  • Published on Oct 5, 2020

    The Pandemic Will Not Crush Guyana’s Oil Boom

    There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly appointed President of Guyana Dr. Irfaan Ali recently called on the international community to assist small …

    Source: Investing.com - Neutral
  • Published on Jan 22, 2020

    China’s Thirst For Crude Oil Pushes Brazil’s December Exports To All-Time High

    Brazilian crude oil exports hit a record high in December 2019 with a total 8.7 million tonnes of crude oil exported, as China continues to turn to Brazil for crude. Annual export volumes grew by 5% compared to 2018. The December picture matches the …

    Source: Investing.com - Neutral
  • Published on Jan 21, 2020

    This Emerging Oil Hotspot Threatens The OPEC Deal

    A day before Christmas 2019 ExxonMobil and its partners have lifted the first commercial crude from the Liza field. In and of itself this might seem innocuous enough for us not to pay attention, yet one should remember the name as Liza will bring about a …

    Source: Investing.com - Neutral
  • Published on Apr 22, 2020

    Exxon among 34 vying to market Guyana’s oil

    Thirty-four companies have submitted expressions of interests (EOIs) to market Guyana’s entitlement from the Exxon-operated Liza Destiny FPSO in the Stabroek Block, offshore Guyana. The companies include the Stabroek Block operator ExxonMobil, current …

    Source: Stabroek News - Neutral
  • Published on Dec 14, 2019

    Oil traders head to Guyana for face-to-face contract bidding

    The floating production, storage and offloading (FPSO) vessel, Liza Destiny. At least half a dozen traders from Houston, Geneva and London are set to alight on tropical Guyana this weekend to bid on some of the first oil cargoes produced by the tiny South …

    Source: Demerara Waves - Neutral
  • Published on Dec 11, 2019

    Oil Storage: Global Markets Through 2023

    Dec 11, 2019 (The Expresswire) -- Latest niche market research study on Oil Storage: Global Markets Through 2023 published at Orbisresearch.com Description Summary The value of global demand for oil storage in the entire oil value chain will increase at a …

    Source: MarketWatch - Neutral
  • Published on Oct 31, 2019

    First oil for Guyana now expected in December

    The timetable for production of first oil has been moved up to December this year, earlier than the previously announced first quarter of 2020, ExxonMobil’s partner in the Stabroek Block, Hess, yesterday announced. “In terms of development, the Liza Phase …

    Source: Stabroek News - Neutral
  • Published on Oct 31, 2019

    Oil production to start in December – Hess, Exxon Mobil

    Oct 31, 2019 News 0 ExxonMobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous timeline slated for early 2020. The Liza Destiny The Liza Phase 1 project is just the beginning of …

    Source: Kaieteur News - Neutral
  • Published on Sep 6, 2019

    Venezuelan rivals cross swords over relinquishing claim of oil-rich Guyana’s Essequibo

    Reproduced from Argus Media Venezuela’s rival political authorities are trading accusations of relinquishing the country’s historical claim to a large swath of neighboring Guyana on the eve of ExxonMobil’s launch of offshore production there. Venezuela’s …

    Source: Demerara Waves - Neutral
  • Published on Aug 29, 2019

    New Exxon Mobil production vessel arrives off the coast of Guyana

    The Liza Destiny is the first oil production vessel, called an FPSO for floating, production, storage and offloading vessel, to arrive off the coast of Guyana. The vessel will begin producing oil from the deepwater wells in early 2020. less The Liza …

    Source: Houston Chronicle - Texas - Neutral
  • Published on Aug 19, 2019

    Tullow Oil: The Guyana Thesis Has Materialized

    I have been covering Tullow Oil (OTCPK:TUWOY, OTCPK:TUWLF), the London Stock Exchange-listed E&P company with a predominant focus on Africa, since October 2018. And, ultimately, now is the vital moment to conclude: the risky thesis (the bet on a …

    Source: Seeking Alpha - Neutral
  • Published on Aug 14, 2019

    Guyana 12th in oil reserves league

    …dubbed newest ‘petrostate’, potentially richest by Bloomberg GUYANA is on the verge of becoming the world’s newest petrostate and potentially the richest, Bloomberg said in an article on Tuesday. “In 2015, Exxon Mobil Corp. made what one of its executives …

    Source: Guyana Chronicle - Government
  • Published on Dec 8, 2019

    Tullow Oil: Reanimating The Thesis

    The previous time I covered Tullow Oil (OTCPK:TUWOY, OTCPK:TUWLF) was in August 2019 when I assessed the London Stock Exchange-listed exploration and production company's Guyanese discoveries. My cautiously bullish sentiment expressed in March 2019 …

    Source: Seeking Alpha - Neutral
  • Published on Sep 4, 2019

    Trade War Impasse Keeps Oil Prices From Rising

    The first week of September continued on the course set by August, most of the market motion can be boiled down to the US-China trade conflict jeopardizing growth prospects across the world and US stocks decreasing providing a counteracting short-term …

    Source: Investing.com - Neutral
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