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Brazil will drill massive oil find despite climate concerns: minister

OilNOW -
(Reuters) - Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday. Brazil’s Mines and...
Exploration

Maximising local content, developing Guyanese workforce are top priorities – SBM Offshore

OilNOW -
SBM Offshore says it remains committed to building the capacity of its Guyanese workforce as part of plans to become fully integrated in the South American country. These objectives were emphasised at the second annual Guyana International Petroleum Exhibition (GIPEX),...
News

Tullow executives quit as production falls below expectations

OilNOW -
UK-based Tullow Oil said on Monday Paul McDade, Chief Executive Officer, and Angus McCoss, Exploration Director, have resigned from the Board by mutual agreement and with immediate effect. This comes as the company reported that while its financial performance...
News

Guyana discoveries among largest for 2019

OilNOW -
Major offshore discoveries this year include countries as diverse as Russia, Cyprus, South Africa, Malaysia and Guyana. The majority of major discoveries so far this year have been in the offshore sector with over half being deep-water finds, VesselsValue,...
News

ExxonMobil ramps up search for more hydrocarbons offshore Guyana

OilNOW -
As US oil major ExxonMobil, operator at the 6.6 million acres Stabroek Block, prepares for first oil in the South American country of Guyana, the company is also ramping up its search for more hydrocarbons with a number of...
Opinions

Where is Guyana seeing the benefits of oil production?

Bobby Gossai, Jr. -
By Bobby Gossai Jr. Bobby Gossai, Jr. recently completed his MSc (Econ) in Petroleum, Energy Economics and Finance from the University of Aberdeen. Mr. Gossai, Jr.’s professional experiences include being the head of the Guyana Oil and Gas Association and...
News

Mexico’s Pemex announces giant oil discovery

OilNOW -
Mexican state-owned petroleum company Petróleos Mexicanos (Pemex) announced on Friday the discovery of the Sen field in Nacajuca, Tabasco, with 536 million barrels of oil equivalent. General Director of Pemex, Octavio Romero Oropeza, informed Mexican President, Andrés Manuel López Obrador that three other...
Exploration

Guyana on verge of first oil and new era of hope

OilNOW -
Barring unfavourable weather conditions or other factors that could result in a delay, the South American country of Guyana could now be just weeks away from producing its first barrel of oil, thereby ushering in a new era of...
News

SBM Offshore moving ahead with 2 more hulls under Fast4Ward® programme

OilNOW -
SBM Offshore said Thursday it has signed contracts for the construction of the Company’s fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls. The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd....
News

OPEC and allies agree to deepest oil output cuts in a decade

OilNOW -
OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to support crude prices and prevent a glut but were still debating how long the curbs would last next year. The Organization of...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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