News

News

ConocoPhillips seeks greenlight for US$1.2 billion North Sea oil development

OilNOW -
ConocoPhillips has asked Norwegian regulators to approve its proposed Eldfisk North Project at the Greater Ekofisk Area in the North Sea. Its affiliate and operator of the Area, ConocoPhillips Skandinavia AS, submitted a plan for development and operation (PDO) for...
News

CGX leaves narrow window to meet Demerara Block drilling commitments, with no wells planned for 2022

OilNOW -
Demerara Block operator, CGX Energy Inc., had told the market as early as February 2021 that it identified several prospects, including an Aptian stratigraphic prospect which was being matured to drill status. However, the company will not be conducting...
News

Forests: the key to Guyana’s low carbon development strategy

OilNOW -
Net zero by 2050, an ideal popularised most recently by the International Energy Agency’s (IEA) landmark report of the same name, is a vision for the world to collectively trap more carbon dioxide than it emits. This would be...
News

Guyana withdraws first US$200 million from oil fund

OilNOW -
Guyana’s Senior Finance Minister Dr. Ashni Singh announced on Tuesday that the government has made its first drawdown from the Natural Resource Fund (NRF) in accordance with the Natural Resource Fund (NRF) Act 2021. Dr. Singh indicated that pursuant to...
News

Indian refiners snapping up Liza crude, going after term deal with Brazil

OilNOW -
Refiners in India, the third largest importer of oil in the world, are continuing to look towards Guyana and its neighbour Brazil to secure agreements for the supply of crude. Since last year, Indian refiners have been snapping up maiden...
News

OPEC+ oil production drops to six-month low as Russian output takes battering

OilNOW -
(S&P Global Platts) Crude oil production by OPEC and its partners fell to a six-month low of 41.58 million b/d in April as Russian production took a battering from Western sanctions, the latest Platts survey by S&P Global Commodity...
News

Wei-1 chance of success doubled after updated results from Kawa-1 – CGX, Frontera

OilNOW -
CGX Energy’s discovery at the Kawa-1 well has ignited hopes of success in the Wei-1 well. CGX and its partner on the Corentyne Block, Frontera, said the detailed seismic and lithological analysis captured from the Kawa-1 find thus far hiked...
News

Brazil, Guyana exploring Boa Vista-Georgetown Road corridor to boost trade, investment

OilNOW -
Following a state visit of the President of Brazil, Jair Bolsonaro to Guyana to meet with President Dr. Mohamed Irfaan Ali last Friday, the two agreed to explore the merits of a road corridor linking Boa Vista, the capital...
News

Noble may divest five rigs to secure approvals for Maersk merger

OilNOW -
With a mid-2022 deadline eyed for the finalisation of the merger between Noble Corporation and Maersk Drilling, Noble may soon sell five of its rigs for the deal to go through. Providing an update on the merger, Maersk and Noble...
News

Guyana signs air services agreement with world’s largest oil producer

OilNOW -
Aiming to be a major transport hub in the Latin America and Caribbean (LAC) region, Guyana has entered into an Air Services Agreement with the world’s largest oil producer, the Kingdom of Saudi Arabia. Guyana’s Minister of Public Works, Bishop Juan...
1...439440441...1,026Page 440 of 1,026

Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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