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Oil rally runs into turbulence after jump in coronavirus cases

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(Bloomberg) A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its method for counting infections. The government of the province at the heart of the outbreak said...
News

Oil giant BP says it wants to have net-zero emissions by 2050

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(CNBC) Oil and gas major BP said Wednesday it was aiming to become “a net zero company by 2050 or sooner,” adding that it also wanted to “help the world get to net zero.” In an announcement detailing its plans,...
News

UK oilfield services company moves into Guyana market as oil industry takes off

OilNOW -
Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, announced a strategic partnership agreement today with Global Oilfield Services Inc, for the supply of offshore containers and equipment to support the growing energy market in...
News

Tanker to lift Guyana’s first share of Liza crude arrives

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said on Wednesday the Greece-registered crude oil tanker, Cap Philippe, which will lift Guyana’s first one million barrel crude entitlement, will arrive in the country’s waters on Thursday, February...
News

Kosmos increases reserves 7th year in a row

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Kosmos Energy (NYSE/LSE: KOS) said Wednesday the total 1P reserves at year end 2019 were approximately 169 million barrels of oil equivalent (MMBoe) and 2P reserves were approximately 552 MMBoe. In addition, following the recent signing of the Sale and Purchase...
News

Law firms contracted to boost legal framework governing O&G in Guyana

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US law firm Hunton Andrews Kurth LLP and Guyanese Cameron and Shepherd, the oldest law firm in the South American country, have been awarded a contract by the Department of Energy to boost the legal framework for the oil...
News

Tullow, partners to assess future of Guyana’s heavy oil block

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(S&P Global) Tullow Oil plans to assess the future potential of heavy oil finds off Guyana in the coming days, block partner Eco Atlantic said, three months after details of the viscous crude discoveries cast doubt over the commerciality...
News

Chevron ramps up production in Venezuela

OilNOW -
Chevron Corporation has increased production at a key Venezuela oil project to levels not seen in almost a year, despite US sanctions aimed at crippling the regime of embattled President Nicolas Maduro. According to a Bloomberg report, Chevron has kept...
News

TechnipFMC warns of impairment impact

OilNOW -
(Market Watch) TechnipFMC PLC (FTI.FR) said late Monday in its preliminary results that revenue for the full year is expected to meet guidance and that it expects impairment charges to impact the fourth quarter. The London-based oil-and-gas company said revenues...
Exploration

Noble, ExxonMobil enter drilling agreement for Guyana-Suriname basin

OilNOW -
Noble Corporation plc and ExxonMobil on Tuesday announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in...
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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...

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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