News

News

Egyptian firm among three vying to review upcoming Stabroek Block FDP

OilNOW -
Stratoil, an Egypt-based oilfield services company was among three that entered bids to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru. Bayphase Ltd. and De Godhyer & Mac Naughton were the other two. Bayphase had...
News

Petrobras hits first oil at Itapu field offshore Rio

OilNOW -
Brazil’s Petrobras has started production on its newest vessel – the P-71 at the Itapu field, located in the Santos Basin pre-salt area. Petrobras said that the floating production, storage and offloading (FPSO) vessel, docked 200 kilometres off the coast...
News

Guyana Appeals Court rejects another challenge to Hess, CNOOC Liza permit

OilNOW -
The Guyana Court of Appeal has ruled that Hess and CNOOC, the non-operating partners in the Stabroek Block, do not need separate environmental permits for the Liza Phase One project. The court on Wednesday found that the licence obtained by...
News

Guyana, Suriname bid rounds to fuel new competitive oil market – S&P Global

OilNOW -
S&P Global believes bid rounds in Guyana and Suriname will attract further investments that are needed to drive the development of a competitive global oil environment. Given the trail of economic damage left by the COVID-19 pandemic and the Russia-Ukraine...
News

Early investments by Exxon pushing development of local capacity in Guyana – Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, believes that early capacity building investments are paying dividends as seen in the growth of local content numbers in the local oil and gas industry. The company said on Wednesday that more than...
News

Repsol acquires European renewables company for €560 million

OilNOW -
Operator of the Kanuku block, Repsol, said it spent €560 million to acquire Asterion Energies, a Spanish company focused on renewable energy projects in Europe. The transaction, which includes contingent payments of up to €20 million, goes toward fulfilling Repsol’s plan to reach...
News

Guyana Rides the Tide of Foreign Investment

OilNOW -
By Scott B. MacDonald - OilNOW Foreign direct investment (FDI) in the Caribbean has seen some lean years and some bountiful years. 2020 was a brutal year due to the Covid-19 pandemic; 2021 was much better, with FDI bouncing back...
News

Guyana’s non-oil economy to deliver “better-than-expected” growth in 2022

OilNOW -
The Inter-American Development Bank’s (IDB) latest review of Guyana’s affairs shows that the nation’s non-oil economy is projected to have “better-than-expected” growth for 2022. In its quarterly report published Tuesday, the IDB said the country's non-oil sector is estimated to...
Exploration

TotalEnergies and Eni make new gas discovery offshore Cyprus

OilNOW -
TotalEnergies and Eni (operator) have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022....
News

Petrobras cops operatorship of three blocks in Campos Basin bid round

OilNOW -
Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) has awarded the state-owned Petrobras operator status of three blocks located in the Campos Basin, offshore Brazil. The blocks are called Sudoeste de Sagitário, Água Marinha and Norte de Brava. Brazil’s pre-salt churns...
1...306307308...996Page 307 of 996

Latest News

NewsOilNOW -

TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...

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