While the adoption of augmented reality (AR) in the oil and gas industry is in the introductory phase, this evolving technology has the potential to disrupt the traditional operational functions in the sector over the […]
TechnipFMC has been awarded a large contract by Exxon Mobil Corporation subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the subsea system for the proposed Payara project. TechnipFMC will manufacture and deliver the subsea […]
ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce […]
Virtual, eco-friendly, with the abundance of VIP delegates – PRC Europe 2020 has been completed at the BGS Online platform. Petrochemical and Refining Congress Europe has taken place on September 28-30. To keep the high-quality […]
The global energy market is on the brink of a major transition to cleaner sources of energy. To adjust and transform, the world’s largest oil and gas firms are revising their long-term oil price and […]
ExxonMobil and Global Thermostat have expanded their joint development agreement following 12 months of technical evaluation to determine the feasibility and potential scalability of Global Thermostat’s technology that captures carbon dioxide (CO2) directly from the […]
The COVID-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around USD 53 billion from 2019’s USD 190 billion, Rystad Energy projects. Postponed […]
The conventional refinery model of generating revenue by processing crude to produce transportation fuels is increasingly under threat from falling fuel demand. In such a scenario, the integration of a refinery with a petrochemicals plant […]
Hess Corporation has announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block […]
The demand for gasoline and jet fuel has taken a hit as a result of nation-wide lockdown across the US since late March 2020 due to the COVID-19 pandemic. Piling up of stocks caused challenges […]
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