Featured

Featured posts

News

ExxonMobil on track to reinstall, safely restart gas compression equipment by June

OilNOW -
ExxonMobil Guyana is on track to have its redesigned gas compression equipment reinstalled and in operation by June. The company revealed in an update on Friday that repairs and upgrades to the third stage discharge silencer, a component of...
News

Liza could be last major frontier oil play discovered in the world – Westwood

OilNOW -
The Guyana-Suriname basin is viewed by analysts in the oil and gas industry as potentially the last major frontier for billion-barrel plus deepwater discoveries. The world-class Liza discovery in 2015 was the biggest offshore oil strike made in a...
News

Exxon in compliance with Liza 1 permit, supporting long-term flare management goals – Persaud

OilNOW -
With one FPSO in operation and a total of ten being targeted to develop the more than 9 billion barrels of oil equivalent resources found in Guyana, a long-term framework that includes flare management will be key to the...
News

EPA modifies Environmental Permit for Exxon’s Liza Phase 1 Development

OilNOW -
The Environmental Permit for ExxonMobil Guyana’s Liza Phase 1 project has been recalled and modified to include more stringent regulatory requirements are in place to address flaring in accordance with the Environmental Protection Agency (EPA)’s legislation. A notice from the...
News

Oil summit focusing on South America’s new frontier set for June

OilNOW -
The 3rd Annual Guyana International Petroleum Business Summit and Exhibition (GIPEX), will be returning this year, from June 28-30 via a virtual platform hosted jointly by Valiant Business Media (VBM) and the Ministry of Natural Resources (MNR) with support...
News

Guyanese investor building multi-million-dollar oil & gas storage facility close to major shore base

OilNOW -
A Guyanese businessman is looking to transform a section of an abandoned cane field into a multi-million-dollar infrastructure targeting the needs of the oil and gas industry. W1 Houston Inc. is working towards the establishment of a storage facility...
News

Guyana world class deep water projects contributing to SBM Offshore growth

OilNOW -
The four Floating Production Storage and Offloading (FPSO) vessels currently being built by SBM Offshore are positively contributing to the company’s growth phase. Two of the FPSOs are being constructed for operations offshore Guyana at the ExxonMobil-operated Stabroek Block. On...
News

Venezuela will need almost $60 billion to return oil industry to its heyday

OilNOW -
Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to power, equivalent to 3.4 million barrels per day (bpd), a document seen...
News

Chevron shuts in Tamar gas platform offshore Israel as violence escalates

OilNOW -
(S&P Global Platts) US major Chevron has shut in the Tamar gas platform offshore Israel amid an escalation of violence in the country, a company spokeswoman said May 12. Violence has escalated in recent days, with rockets fired at Israeli...
News

Giant Yellowtail FPSO will produce up to 7.5 million barrels of oil per month during early stage of operations

OilNOW -
The offshore developments in Guyana are growing both in number and capacity, with the fourth proposed project at Yellowtail being designed to utilize a giant floating production storage and offloading (FPSO) vessel capable of holding 2 million barrels of...
1...600601602...1,020Page 601 of 1,020

Latest News

NewsOilNOW -

Economist says Venezuela’s suspension of gas deals could be a ‘blessing in disguise’ for Trinidad

Trinidad and Tobago economist Dr. Justin Ram believes Venezuela’s decision to suspend its gas deals with the Caribbean country...

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