Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River south of GeorgetownHOUSTON - As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight.
"The return of offshore and deepwater operations is going to be a big topic at OTC, and Namibia is going to be talk of the show," said James West, senior managing director at financial firm Evercore, referring to the recent series of oil finds off the west African coast.
The Stabroek block off the coast of Guyana has demonstrated the potential for low cost production that rivals the best deepwater fields elsewhere. "We are reaching this crescendo over the next 18 months or so where the market will level out," said Leslie Cook, upstream supply chain analyst at consultants Wood Mackenzie.CALGARY — Canadian pipeline operator TC Energy Corp. achieved record deliveries on its natural gas pipeline systems in the first quarter, thanks to booming North American electricity demand. The Calgary-based company said Friday its comparable earnings from its Canada, U.S.
Three bodies were found Friday in the Mexican region where an American and two Australians have been missing for several days, multiple sources told CNN.Carlos Barria/ReutersHope Hicks, Donald Trump’s first political PR guru and presumed holder of all his dirty secrets, started crying on the stand as the former president’s legal team questioned her at his New York criminal trial on Friday.
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