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Hess maintains financial strength with US$155M net income in Q3

OilNOW -
Hess Corporation disclosed during its earnings call on Wednesday that it closed the 2021 third quarter with a net income of US$115 million, or US$0.37 per common share, compared with a net loss of US$243 million, or US$0.80 per...
News

Maersk Drilling sells Mærsk Inspirer for US$373 million

OilNOW -
Maersk Drilling announced on Thursday the successful closing of the previously announced divestment of the combined drilling and production unit Mærsk Inspirer (now named Inspirer) to Havila Sirius for a price of USD 373m in an all-cash transaction. This transaction divests...
News

Exxon’s mitigation measures will reduce emissions at giant Yellowtail development – EIA

OilNOW -
The greenhouse gas (GHG) emissions that would be released from ExxonMobil’s fourth development project at the Yellowtail field will be reduced by 80% as a result of the mitigation measures the company will be utilizing. This was highlighted in...
News

Exxon confident in performance of gas compressor on new Guyana FPSO

OilNOW -
Guyana’s largest floating production storage and offloading (FPSO) vessel arrived offshore this week for oil production activities at the ExxonMobil-operated Stabroek Block. The U.S. oil major says it is confident that the equipment on the SBM Offshore built and...
News

Climate change: President Ali implores UN to act with urgency to protect humanity

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali has once again issued a clarion call to the United Nations General (UN) Assembly to act now and limit global emissions to 1.5 degrees Celsius if the world wishes to avoid...
Exploration

Liza Unity FPSO to develop approximately 600 million barrels of oil – ExxonMobil

OilNOW -
With the arrival of Liza Unity floating, production, storage and offloading (FPSO) unit, Guyana’s oil production is expected to triple by 2022 as the vessel is set to develop approximately 600 million barrels of oil. ExxonMobil Guyana in a statement...
News

Giant Liza Unity FPSO sails into Guyana waters

OilNOW -
Guyana’s Ministry of Natural Resources announced on Tuesday the arrival of the Liza Unity floating, production, storage, and offloading (FPSO) vessel in the Stabroek Block offshore Guyana. The Ministry said the vessel arrived in Guyanese waters after traveling for approximately...
News

French manufacturer wants to be strategic supplier for Guyana projects, inks deal with Exxon

OilNOW -
French multinational manufacturing company Vallourec said Tuesday it has signed a 10-year frame agreement with ExxonMobil Guyana to supply line pipe products for its offshore operations in the new oil producing South American country. The agreement enables long-term line pipe supply...
News

Yellowtail targeting up to 67 development wells

OilNOW -
The Yellowtail and Redtail fields will be developed with approximately 41 to 67 development wells drilled from six drill centers, each with separate production, gas re-injection, and water injection manifolds. According to the preliminary field layout for the Project...
News

Price of fuel goes up in Brazil amid international surge in crude oil

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(MercoPress) Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at...
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Noble, EDO and MATPAL gear up for recruitment drive in Guyana’s Essequibo region

The Noble Recruitment Drive is set to arrive in Parika in the Essequibo Islands-West Demerara region of Guyana on Sunday,...

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.

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