News

News

Guyana seeking US$1.9 billion in work commitments for first offshore bid round

Kemol King -
Guyana is targeting US$1.9 billion in commitments for its first offshore competitive licensing round, with safeguards to ensure contractors work swiftly and diligently. The bid round for offshore blocks opened on Monday, December 12, 2022 and included deepwater blocks (D1-D3) between...
News

Holder of world’s 17th largest oil reserves on course to add more barrels

OilNOW -
With no known commercial hydrocarbons just seven years ago, Guyana is now the holder of the 17th largest oil reserves in the world. Aggressive exploration activities off the country’s coast, mainly by US oil major ExxonMobil, have seen major discoveries...
News

Guyana to pursue US EXIM loan to finance Gas-to-Energy project

OilNOW -
Vice President Dr. Bharrat Jagdeo has said the government will pursue loan finance from the United States Export Import Bank (US EXIM) to complement planned spending on the Gas-to-Energy project. The government expects profits from the NGL plant to offset...
News

ADNOC to train Guyanese for oil marketing unit

OilNOW -
Abu Dhabi National Oil Company (ADNOC), one of the world’s largest petroleum producers, has agreed to train several Guyanese who will eventually make up the nation’s Crude Marketing Unit. Vice President, Dr. Bharrat Jagdeo made this disclosure at a press...
News

Richard Miller tapped as Tullow’s new permanent CFO

OilNOW -
Tullow Oil Thursday named its interim Chief Financial Officer (CFO) Richard Miller as permanent CFO and an Executive Director effective January 1. The company said Miller brings extensive oil and gas and financial experience to the role. He has been...
News

Guyana in play as explorers go after 100 giant prospects targeting 36 billion boe

OilNOW -
Exploration and production (E&P) companies are going after high-impact prospects in effort to capitalise on recent high demand for oil and natural gas, caused by re-organising energy markets. Wood Mackenzie said, in Global Exploration: 5 things to watch in 2023,...
News

Petrobras CEO departs to join state gov’t, new lead to be announced soon

OilNOW -
Petrobras is set to announce a new Chief Executive Officer (CEO) after its current lead Caio Mário Paes de Andrade departs to serve in the incoming administration of the governor of Brazil's São Paulo state. The move comes ahead of a...
News

The People’s Perspective: Opinions on Guyana’s landmark Gas-to-Energy project

OilNOW -
Seen as potentially transformative, the Gas-to-Energy project is progressing with hopes of cheaper and more reliable power for Guyanese. For many, this opens a world of opportunities as the country has one of the highest costs of electricity in the Caribbean and...
News

Early delivery of Payara pushing Exxon 2023 CAPEX budget

OilNOW -
Chief Financial Officer for ExxonMobil Corporation, Kathryn Mikells, said that the early delivery of the Payara project is the cause of the spike in ExxonMobil’s 2023 CAPEX budget. The company recently reaffirmed its commitment to spend over US$100 billion in...
News

Global energy crisis forcing more “measured approach” to financing fossil fuels – WoodMac

OilNOW -
The ongoing energy crisis has caused investors to rethink financing for fossil fuels. According to Consultancy Group, Wood Mackenzie, the more measured approach accounts for real-world constraints on global financial institutions and corporations in making long-term financing and capital...
1...310311312...996Page 311 of 996

Latest News

NewsOilNOW -

GranMorgu development to also tap Baja discovery – TotalEnergies

TotalEnergies announced on Friday that it will leverage its GranMorgu development to also tap the Baja discovery in Suriname's...

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