Connection

popular articles

Electric vehicle sales soar in China
Norway and the USA: pillars of European gas supply
Areva: Strategic stakes of Uramin takeover re-examined
Technip Energies: Order Growth and 2024 Objectives Confirmed
Wind power: Vinci and Siemens win €2.9 billion contract

Aramco Trading markets oil from Guyana

Aramco Trading Limited (ATL) will market the one million barrels of crude oil representing the State of Guyana's share of the offshore Liza 1 well shared with ExxonMobil, Hess and CNOOC.|Aramco Trading Limited (ATL) will market the one million barrels of crude oil representing the State of Guyana's share of the offshore Liza 1 well shared with ExxonMobil, Hess and CNOOC.

Please share:

Aramco Trading Limited (ATL), a subsidiary of Saudi Aramco, is to market the State of Guyana’s share of crude extracted from the Liza 1 offshore well, says the Ministry of Natural Resources.

Aramco Trading Limited responsible for finding customers

UK-based Aramco Trading Limited has been chosen by the Government of Guyana to market its share of the Liza 1 offshore well.
More than one million barrels.
The well is also shared with ExxonMobil, Hess and CNOOC.

“ATL was identified as the lowest evaluated compliant bidder at a price of 0.025 cents per barrel,” said Guyana’s Ministry of Resources.

ATL as trader will also be responsible for finding a buyer for the million barrels of crude oil produced by the Liza Destiny FPSO.

15 bidding companies

In addition, the Ministry stated that the evaluation process included administrative, technical and financial assessments, and that 15 companies had submitted bids.
The other bidders were: Bibi Energy Trading, Shell Western Supply and Trading, Chevron, Petraco Oil, China National Offshore Oil Corporation, Natural Gas Company of Trinidad and Tobago and Heritage Petroleum, Hess, Vitol, Mercuria Trading, TotalEnergies, Litasco and Trafigura.

Obtaining the “best agreements” for Guyana

Natural Resources Minister Vickram Bharrat said in the statement that the Guyanese government was committed to securing the “best deals” for the country.
He also pledged to “maintain the highest level of compliance and transparency to ensure that the benefits of this sector improve the lives of all Guyanese”.
During the week of September 13, 2021, the National Council for the Administration of Public Contracts and Tenders is expected to be officially informed of the results of the assessment carried out by local and foreign experts.
Guyana has so far sold 7.056 million barrels of crude for $388.7 million since Liza Phase 1 oil production began in 2018.

Register free of charge for uninterrupted access.

Publicite

Latest news

Trump strengthens energy strategy with Chris Wright and Doug Burgum
Russia Halts Gas Supplies to Austria Following Dispute with OMV
France: The retail sector opposes mandatory photovoltaic canopies
Orano temporarily suspends uranium extraction activities in Niger
Al Gore denounces the role of petro-states in organizing COPs

Recently published in

TotalEnergies awards major contracts to TechnipFMC and Saipem for an oil project in Suriname

TechnipFMC and Saipem secure contracts exceeding one billion dollars each for TotalEnergies’ offshore oil project, GranMorgu, aimed at exploiting fields off the Suriname coast.
Launch of Sinopec’s Ethylene Complex in Tianjin: A Strategic Step for China’s Petrochemical Industry
Sinopec's Tianjin Nangang complex, developed with INEOS, enhances China's petrochemical capabilities with integrated production of 1.2 million tons annually. This project marks a turning point in strategic partnerships and industrial self-sufficiency.
en_1140445540
Launch of Sinopec’s Ethylene Complex in Tianjin: A Strategic Step for China’s Petrochemical Industry
Sinopec's Tianjin Nangang complex, developed with INEOS, enhances China's petrochemical capabilities with integrated production of 1.2 million tons annually. This project marks a turning point in strategic partnerships and industrial self-sufficiency.
en_1140445540
ENEOS explores increased Canadian oil imports facilitated by the TMX pipeline expansion
ENEOS, Japan's leading refiner, intensifies spot market oil purchases, including Canadian crude, leveraging the Trans Mountain pipeline expansion. This shift reduces Japan's energy dependence on the Middle East.
en_1140436540
ENEOS explores increased Canadian oil imports facilitated by the TMX pipeline expansion
ENEOS, Japan's leading refiner, intensifies spot market oil purchases, including Canadian crude, leveraging the Trans Mountain pipeline expansion. This shift reduces Japan's energy dependence on the Middle East.
en_1140436540
Oil and gas companies spend $61 billion per year on exploration, says NGO
Despite growing calls to reduce hydrocarbon production, a report by the NGO Urgewald reveals that the oil and gas industry has invested an average of $61.1 billion annually in exploration over the past three years.
en_1140442540
Oil and gas companies spend $61 billion per year on exploration, says NGO
Despite growing calls to reduce hydrocarbon production, a report by the NGO Urgewald reveals that the oil and gas industry has invested an average of $61.1 billion annually in exploration over the past three years.
en_1140442540

Mexico: A Long-Term Plan for Pemex Amid Critical Challenges

The Mexican government is set to unveil a long-term strategy for Pemex as the state-owned company faces structural challenges. Experts and investors discuss the necessary solutions, including opening up to private capital.
Nigeria’s Dangote refinery: Fuel exports as local market struggles
Despite high expectations, Dangote refinery faces difficulties selling gasoline domestically and begins exporting to ease stock and diversify its markets.
en_1140384540
Nigeria’s Dangote refinery: Fuel exports as local market struggles
Despite high expectations, Dangote refinery faces difficulties selling gasoline domestically and begins exporting to ease stock and diversify its markets.
en_1140384540
Libya and Kazakhstan: Contrasting Production Efforts within the OPEC+ Alliance
OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
en_1140397540
Libya and Kazakhstan: Contrasting Production Efforts within the OPEC+ Alliance
OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
en_1140397540
Dutch court rejects climate NGOs’ appeal against Shell
The Hague's Court of Appeal overturned a historic decision obliging Shell to reduce its CO2 emissions, rejecting the environmental NGOs' appeal, which denounced the multinational's inaction on climate.
en_1140398540
Dutch court rejects climate NGOs’ appeal against Shell
The Hague's Court of Appeal overturned a historic decision obliging Shell to reduce its CO2 emissions, rejecting the environmental NGOs' appeal, which denounced the multinational's inaction on climate.
en_1140398540

Civitas Resources improves its productivity in the Permian and sets a record in the Colorado Basin

A year after its strategic acquisitions in the Permian Basin, Civitas Resources records a strong increase in productivity and strengthens its positions, notably through innovations in simultaneous fracturing and a production record in Colorado.
Vietnam: Nghi Son refinery seeks to import more Kuwaiti oil
Facing growing domestic demand, Vietnam's Nghi Son refinery seeks government approval to increase its Kuwaiti oil imports, thereby exceeding its annual tax-free quota.
en_1140362540
Vietnam: Nghi Son refinery seeks to import more Kuwaiti oil
Facing growing domestic demand, Vietnam's Nghi Son refinery seeks government approval to increase its Kuwaiti oil imports, thereby exceeding its annual tax-free quota.
en_1140362540
Russian and Kazakh Refineries Conclude Maintenance: An Impact on the Energy Market
As Russian and Kazakh refineries resume operations following maintenance periods, the energy market anticipates potential effects on fuel supply. Uncertainty remains around gasoline exports in Russia.
en_1140358540
Russian and Kazakh Refineries Conclude Maintenance: An Impact on the Energy Market
As Russian and Kazakh refineries resume operations following maintenance periods, the energy market anticipates potential effects on fuel supply. Uncertainty remains around gasoline exports in Russia.
en_1140358540
CNOOC launches production of the Long Lake NW project in Canada
CNOOC Group has announced the start of production for its Long Lake NW project in Canada, which is expected to reach a peak of 8,200 barrels per day in 2025, utilizing SAGD technology.
en_1140342540
CNOOC launches production of the Long Lake NW project in Canada
CNOOC Group has announced the start of production for its Long Lake NW project in Canada, which is expected to reach a peak of 8,200 barrels per day in 2025, utilizing SAGD technology.
en_1140342540

European Banks Criticized for Supporting Fossil Fuel Expansion

A report by Reclaim Finance accuses 20 European banks of promoting oil and gas expansion through significant financing, hindering energy transition goals.
Saudi Arabia: Reduction of Official Selling Prices for Crude Oil to Asia
Saudi Aramco reduces its December official selling prices for crude oil bound for Asia, a move in line with market expectations. Adjustments vary by crude type, with larger cuts for lighter grades.
en_1140308540
Saudi Arabia: Reduction of Official Selling Prices for Crude Oil to Asia
Saudi Aramco reduces its December official selling prices for crude oil bound for Asia, a move in line with market expectations. Adjustments vary by crude type, with larger cuts for lighter grades.
en_1140308540
Marathon Petroleum: Strong Financial Results Driven by Optimized Refining Strategy
Marathon Petroleum exceeded financial forecasts by increasing its refinery throughput and maximizing utilization rates. This strategy leverages fluctuations in the oil market to enhance profitability.
en_1140261540
Marathon Petroleum: Strong Financial Results Driven by Optimized Refining Strategy
Marathon Petroleum exceeded financial forecasts by increasing its refinery throughput and maximizing utilization rates. This strategy leverages fluctuations in the oil market to enhance profitability.
en_1140261540
Legal Battle for Mbanie Island: Gabon and Equatorial Guinea Clash over Oil Wealth
As oil reserves dwindle, Gabon and Equatorial Guinea vie for control over Mbanie Island, a strategic economic asset. A ruling from the International Court of Justice is expected in 2025.
en_1140268540
Legal Battle for Mbanie Island: Gabon and Equatorial Guinea Clash over Oil Wealth
As oil reserves dwindle, Gabon and Equatorial Guinea vie for control over Mbanie Island, a strategic economic asset. A ruling from the International Court of Justice is expected in 2025.
en_1140268540

Aramco’s Net Profit Declines by 15% in Third Quarter 2024

Saudi oil giant Aramco reports a 15% drop in net profit in the third quarter, driven by falling oil prices and reduced production, adding uncertainty to the global energy market outlook.
ExxonMobil sells Fos-sur-Mer refinery to Swiss consortium Rhône Energies
The American group ExxonMobil has finalized the sale of the Fos-sur-Mer refinery to Rhône Energies, a consortium led by Trafigura, marking a step in its strategy to reduce activities in France.
en_1140220540
ExxonMobil sells Fos-sur-Mer refinery to Swiss consortium Rhône Energies
The American group ExxonMobil has finalized the sale of the Fos-sur-Mer refinery to Rhône Energies, a consortium led by Trafigura, marking a step in its strategy to reduce activities in France.
en_1140220540
Eni sells its Alaskan assets for $1 billion to Hilcorp
Italian energy giant Eni has finalized the sale of its Alaskan oil fields to American firm Hilcorp for $1 billion, advancing its strategy of refocusing on strategic assets.
en_1140253540
Eni sells its Alaskan assets for $1 billion to Hilcorp
Italian energy giant Eni has finalized the sale of its Alaskan oil fields to American firm Hilcorp for $1 billion, advancing its strategy of refocusing on strategic assets.
en_1140253540
OPEC+: eight members extend their production cuts until the end of December
Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.
en_1140225540
OPEC+: eight members extend their production cuts until the end of December
Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.
en_1140225540

The World Bank anticipates a historic drop in oil prices in 2025

The World Bank predicts an oil surplus that should drive down commodity prices despite tensions in the Middle East. Demand in China is slowing, contributing to this unprecedented imbalance.
The Long Fall of Venezuelan Oil Ministers: Corruption and Intrigues
In Venezuela, five of the last eight Oil Ministers are imprisoned or on the run, accused of corruption. This strategic sector, vital to the country, is plagued by recurring scandals.
en_1140190540
The Long Fall of Venezuelan Oil Ministers: Corruption and Intrigues
In Venezuela, five of the last eight Oil Ministers are imprisoned or on the run, accused of corruption. This strategic sector, vital to the country, is plagued by recurring scandals.
en_1140190540
U.S. Crude Oil Stocks Rise Despite Lower Refinery Demand
U.S. crude inventories are expected to increase by 800,000 barrels as refineries slow down, leading to reduced stocks of essential refined products like gasoline and distillates.
en_1140185540
U.S. Crude Oil Stocks Rise Despite Lower Refinery Demand
U.S. crude inventories are expected to increase by 800,000 barrels as refineries slow down, leading to reduced stocks of essential refined products like gasoline and distillates.
en_1140185540
Resumption of Oil Drilling in Libya by Eni and BP after a Decade-long Hiatus
European energy giants Eni and BP resume onshore drilling activities in Libya after ten years, as the country seeks to double its oil production within five years.
en_1140182540
Resumption of Oil Drilling in Libya by Eni and BP after a Decade-long Hiatus
European energy giants Eni and BP resume onshore drilling activities in Libya after ten years, as the country seeks to double its oil production within five years.
en_1140182540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS