News

News

Brazil’s Petrobras strengthens ties with China with new planned subsidiary

OilNOW -
Petrobras has announced plans to establish a Chinese subsidiary. This move, according to Chief Executive Jean-Paul Prates, aims to rejuvenate relations with China, which had cooled during the tenure of former Brazilian President Jair Bolsonaro.  Petrobras intends to launch its...
News

Hinterland students to benefit from education programme about Guyana’s sacred Barima Mora Passage

OilNOW -
In an initiative to promote the sustainable use and management of the Barima-Mora Passage, ten hinterland schools in Region One are set to benefit from an Education and Awareness Programme. This passage, revered for its biodiversity, is home to...
News

Subsea 7 seeks partners to bolster operations for Guyana’s Gas-to-Energy Project

OilNOW -
Subsea 7 has initiated a hunt for suitable firms to collaborate in support of its pipelaying activities for Guyana's Gas-to-Energy project. The project, a significant endeavour for the South American nation, aims to harness its natural gas resources to...
News

Norway forging ahead with oil and gas development “for decades to come” despite environmental lobby

OilNOW -
In defiance of mounting environmental concerns and lobby pressures, the Ministry of Petroleum and Energy in Norway has announced that it has received applications from 25 companies, eager to explore and produce petroleum resources. This move is part of...
News

Stabroek Block supplied 12 million crude barrels to market in July

Kemol King -
In July 2023, the Liza projects at Guyana's Stabroek Block continued to demonstrate reliable production. An analysis of data supplied by the Ministry of Natural Resources shows that the projects collectively averaged 387,620 barrels per day (bpd) in July,...
News

Tullow gets key nod to exit Orinduik, but might remain on Kanuku license

Kemol King -
Tullow Oil  has received preliminary approval to divest from its position in the Orinduik Block, Vice President Dr. Bharrat Jagdeo related August 31.  “On the Orinduik issue, we have in principle agreed that the approval will be given for Tullow...
News

Repsol to pay signing bonus, higher gov’t take, reduced block size if Kanuku license is renewed – Jagdeo

Kemol King -
Guyana Vice President, Dr. Bharrat Jagdeo, said that if Repsol's request to renew its license for the Kanuku Block is approved, the firm would be navigating a new terrain of increased government take, an obligatory signing bonus, and reduced...
News

Suriname, Guyana initiate first steps to establish Bilateral Chamber of Commerce

OilNOW -
Members of the business communities of Suriname and Guyana convened in a virtual meeting on Aug. 30. The primary objective of this meeting was to lay the groundwork for the establishment of the Suriname-Guyana Chamber of Commerce (SGCC) on...
News

Gabon oil production expected to remain unaffected following military coup

OilNOW -
A military coup has unfolded in the African nation of Gabon, unseating the long-standing regime of President Ali Bongo Ondimba. The president, who had been in power for 14 years, faced accusations of corruption during his tenure, which prompted...
News

Exxon, COVs invests US$45,000 in Community Wellness project benefitting 150 Guyanese

OilNOW -
The Greater Guyana Initiative (GGI) is supporting the "Enhancing Community Wellness" pilot project with an investment of US$45,000. The project's official launch took place at 3t EnerMech’s Lusignan training facility on Aug. 30, heralding a positive step towards tackling...
1...246247248...1,037Page 247 of 1,037

Latest News

NewsOilNOW -

Guyana’s next production milestone: 1.1 million barrels with Uaru development

Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks