Featured

Featured posts

News

Saipem Guyana operations supported by 80 percent local workforce – Managing Director

OilNOW -
Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a country office with 80 percent of its workforce now being Guyanese. Saipem has been awarded contracts by ExxonMobil for the Engineering, Procuring, Construction...
News

E&P companies took up combined debt of $72 billion in Q2 2020 – EIA analysis

OilNOW -
The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among Exploration and Production (E&P) companies spiked during the second quarter of 2020 illustrating the immediate impact of reduced oil demand and prices...
News

Costly effects of pandemic make Paris Agreement 2050 targets unlikely – Wood Mackenzie

OilNOW -
In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP), is earmarked for responding to the effects of the pandemic over the next 12-18 months and not climate change, it is highly...
News

ExxonMobil empowering Guyanese women through global training programme

OilNOW -
Several Guyanese women who have participated in the Global Women in Management (GWIM) training programme, funded by the ExxonMobil Foundation, have taken the lessons learned back into their communities across the new oil producing South American country. ExxonMobil Guyana said...
News

Guyana stands to gain despite notable shifts in global market – API’s Chief Economist

OilNOW -
Over the past few months, some of the world’s largest oil and gas companies have disclosed plans to make a considerable shift towards renewables, a path that has been resisted for years due to the sheer unattractiveness of the...
News

Hess sees global demand strengthening by 3 million barrels of oil per day

OilNOW -
When it comes to his company's perception of the macro-environment for oil , Hess Corporation’s Chief Executive Officer (CEO), John Hess, recently informed the market that it predicts global demand strengthening by three million barrels of oil per day...
News

Approval for Payara Development imminent

OilNOW -
The Guyana government is close to granting approval for ExxonMobil’s 3rd development at the Stabroek Block, which will pave the way for a Final Investment Decision for the 220,000 barrels of oil per day project. “The Attorney General is currently engaging...
News

Global oil demand returning – says ConocoPhillips executive

OilNOW -
(Reuters) - U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, a senior executive said on Thursday. The view stands in contrast to rival BP Plc, which sees the coronavirus pandemic...
News

Seadrill targeted in operation carwash probe

OilNOW -
Offshore drilling company, Seadrill Ltd., has been targeted in the ongoing criminal investigation by the Federal Police of Brazil – Operation Car Wash - which began in March 2014. Seadrill confirmed on Wednesday that its subsidiary Seadrill Serviços de Petroleo,...
News

Over 1,000 surveys conducted with Guyanese companies to guide capacity building activities for oil and gas

OilNOW -
The Center for Local Business Development (CLBD) is continuing its push to improve the capabilities of Guyanese companies to tap into opportunities in the emerging oil and gas sector. A study has been conducted in this regard, which is...
1...686687688...1,017Page 687 of 1,017

Latest News

NewsOilNOW -

ExxonMobil wins Upstream Operator of the Year for Guyana and Permian excellence

ExxonMobil has been named Upstream Operator of the Year at the Gulf Energy Information Excellence Awards, earning recognition for...

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