News

News

US$1.63 billion financing secured for Brazil’s largest FPSO – SBM Offshore

OilNOW -
SBM Offshore has secured project financing of US$1.63 billion for the floating production, storage and offloading (FPSO) vessel Almirante Tamandaré, which is set to become Brazil's largest oil-producing unit. The project financing has been provided by a consortium of...
News

‘ONE GUYANA’ to be highest producing FPSO delivered by SBM Offshore 

OilNOW -
The ‘ONE GUYANA’ floating production storage and offloading (FPSO) vessel will be, not only the highest producing floater offshore Guyana, but also the highest producing FPSO to be delivered by SBM Offshore.  ONE GUYANA is designed to produce 250,000 barrels...
News

19 out of 21 charged in PDVSA’s missing US$21.2B scandal 

Shikema Dey -
Charges of appropriation or distraction of public patrimony, money laundering and association, influence peddling, among other crimes were laid against 19 of the 21 persons fingered in the massive US$21.2 billion PDVSA scandal.  In a Tweet, Venezuela’s Attorney General Tarek...
News

QatarEnergy farms into two Exxon-operated licenses in Canada

OilNOW -
QatarEnergy has announced its entry into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada. Pursuant to the agreement, QatarEnergy holds a 28% working interest in license EL 1167, where...
News

Ministry, CNOOC team up to fund petroleum studies for Guyanese in China

OilNOW -
Guyana’s Ministry of Natural Resources and CNOOC Petroleum Guyana Limited is offering a limited number of scholarships in China at the Bachelor’s Degree level for the next academic year (2023/2024).  The scholars, to receive instruction in geoscience and petroleum engineering,...
News

Cataleya Energy sees huge success in training program for business managers in Guyana

OilNOW -
Kaieteur Block partner, Cataleya Energy, has brought the curtains down on a six-month business management training program, with a graduation ceremony for 18 in Guyana's capital, Georgetown.  Cataleya’s co-founder and Director, Ryan Perreira, said the company has decided to reprise...
News

Role, capacity of environmental regulator critical to Guyana’s success with oil

OilNOW -
Guyana’s Environmental Protection Agency (EPA) is a vital pillar in the country’s balancing act of being an oil producer, while also adhering to strict global climate goals.  And because of this, its institutional capacity must be strengthened to monitor and...
News

Development drilling continues at Exxon’s Yellowtail

OilNOW -
Development drilling is progressing at the Yellowtail well site in the Stabroek Block offshore Guyana, according to a notice from the country’s Maritime Administration (MARAD).  A March 28 notice said that “Esso Exploration & Production Guyana Ltd (EEPGL) will continue...
News

China and South America’s top oil producing nation ditch trading in US dollars 

Shikema Dey -
No more trading in Benjamins.  Brazil and China sparked a global conversation with its move to ditch trade in US currency.  The deal, announced on March 29, will see China considered the top rival to US economic hegemony and South America’s...
News

Flaring down to 139 billion cubic metres in 2022 – World Bank Report

OilNOW -
Gloabl flaring has shrunk by three percent to 139 billion cubic metres (bcm) in 2022, according to recent data from the World Bank Global Gas Flaring Tracker Report.  In 2021, the number stood at 144 bcm.  Gas flaring, the burning of...
1...310311312...1,038Page 311 of 1,038

Latest News

NewsOilNOW -

Platts to launch tanker assessments for growing Guyana crude flows to Europe 

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1...

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