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Guyana

Guyana’s oil output jumps to 841k bpd after start-up of fourth FPSO

Guyana’s oil production increased to 841,000 barrels per day (bpd) in October from 771,000 bpd the previous month, boosted by the start-up of the...

China diversifies supply with first Guyana crude shipment

China, world’s top oil importer, will receive its first Golden Arrowhead crude cargo from Guyana in December, according to trade sources and shipping data,...

TotalEnergies, Petronas, and QatarEnergy set their cap on hydrocarbon exploration off Guyana

Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas –are joining forces to explore the hydrocarbon potential of an offshore block...

VLCC Tanker Market Takes Another Step Higher

Clean LR2 MEG LR2 freight continued it modest firming this week. The TC1 75kt /Japan index added another 5 points of value to WS150 taking the...

COLI Group strengthens Brazilian presence with new office in Salvador Bahia

COLI Group announces that its Brazilian subsidiary – COLI Shipping & Transport do Brasil – has opened a new office in Salvador, Bahia. With...

How long can crude tanker rate rally last and how could it end?

TANKER markets keep chugging along in boom territory, with very large crude carrier rates still topping six figures per day. Now that sky-high fourth-quarter...

Eni awards ‘substantial’ integrated EPCI contract to TechnipFMC in Indonesia

TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract with Italy’s energy giant Eni for a deepwater project offshore Indonesia. TechnipFMC...

$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers

Against the backdrop of rising concerns over hydrocarbon production rates, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s...

Week 45 Tanker Outlook: Diverging Rates Across Global Routes

The Baltic Exchange’s tanker segment covered several vessel classes this week, with mixed performance across regions and trade routes. The numbers reflect shifting freight...

QatarEnergy signs PSA for offshore Guyana Block S4

QatarEnergy has signed a Production Sharing Agreement for shallow-water Block S4 offshore the Cooperative Republic of Guyana, awarded through the 2022 Guyana Licensing Round,...
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