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Major partnership to see Guyanese receive hands-on FPSO training in Nigeria, Singapore

OilNOW -
Guyanese will soon begin to receive specialized training to work on Floating Production Storage and Offloading (FPSO) vessels through a Strategic Partnership Venture (SPV) between Strategic Recruitment Solutions (SRS) and Century Tamara Energy Services Inc. (CTES). SRS is 100 percent...
News

Sinopec reports best quarter in years after oil prices rebound

OilNOW -
(Reuters) - China Petroleum & Chemical Corp, the country’s largest refiner, reported its best quarterly profit in years on strong upstream and refining business and said it expects higher fuel sales in the second half. Known as Sinopec, the company...
News

TT and Venezuela ink gas deal in Caracas

OilNOW -
Trinidad and Tobago Prime Minister Dr Keith Rowley and Venezuelan President Nicolas Maduro on Saturday sealed the deal that will see Trinidad and Tobago processing Venezuelan natural gas for the first time. The Prime Minister and his team arrived in...
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Angola sets up new National Oil & Gas Agency

OilNOW -
With aim of reducing control of country’s NOC and curbing conflicts of interest With a view to eliminating conflicts of interest and wresting power from its National Oil Company, Angola has created a new agency to manage its oil and...
Exploration

ExxonMobil says US$460M spent on drill campaign, other efforts which led to world-class Liza discovery

OilNOW -
ExxonMobil Guyana said on Friday that the company expended US$460M between 1999 and 2015 on a range of activities and interventions which led to the world-class Liza discovery, set to propel the South American country towards becoming a significant...
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Norway’s $1 trillion wealth fund should keep oil stocks: commission

OilNOW -
Norway’s trillion-dollar sovereign wealth fund should continue to invest in oil and gas companies, a government-appointed commission recommended on Friday, contradicting earlier advice from the central bank, and boosting the shares of oil firms, Reuters said in a report...
News

Granger confident of bringing electricity cost below 15 US cents per kilowatt hour

OilNOW -
Guyana’s President David Granger says the issue of energy was discussed with a team of United States Congressional officials during a meeting held on Thursday at State House in the country’s capital, Georgetown. Some of the visiting Congressmen, the President...
News

Talks between Total, North Sea oil workers collapse

OilNOW -
Talks between French oil refiner Total and workers on three of its North Sea oil and gas platforms broke down on Thursday, meaning that a series of planned strikes over working rotas will go ahead, UK union Unite said...
News

Swiss Bank executive enters guilty plea in Venezuelan US$1.2B PDVSA money laundering scheme

OilNOW -
A former Swiss bank executive has pleaded guilty to his role in a $1.2 billion money-laundering scheme involving Venezuela's state-run oil and Natural Gas Company, the Associated Press reported on Wednesday. Federal court records show that 44-year-old Matthias Krull pleaded...
News

Guyana President briefs US Congressional team on wide-ranging areas of interest during fact-finding mission

OilNOW -
Guyana’s President, David Granger, on Thursday, August 23, met with a visiting delegation comprising Congressmen and other officials from the United States of America at the Ministry of the Presidency, where a number of issues were discussed, and areas...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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