Featured

Featured posts

News

Brazil government publishes additional rules regarding massive oil auction

OilNOW -
(Reuters) - Brazil’s government laid out on Wednesday some additional terms regarding a massive oil auction scheduled for later this year, in which it will sell off an oil-producing zone known as the transfer-of-rights area. In an official bulletin, the...
News

Hess reports net income of $32M as Guyana oil reserves soar

OilNOW -
Hess Corporation (NYSE: HES) today reported net income of $32 million, or $0.09 per common share, in the first quarter of 2019, compared to a net loss of $106 million, or $0.38 per common share, in the first quarter...
News

ExxonMobil looking to sanction 2 more developments in Guyana this year

OilNOW -
As Guyana moves closer to producing its first barrel of oil from the Liza Phase 1 Development project, ExxonMobil is looking to make its Final Investment Decision on two more developments offshore the South American country this year. The company...
News

Exxon adds millions of acres to Namibia assets; exploration targeted for 2019

OilNOW -
ExxonMobil said Wednesday it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation...
News

Occidental makes ‘superior proposal’ for Anadarko’s acquisition

OilNOW -
Occidental Petroleum Corporation has made an offer to acquire American oil company Anadarko for $38 billion, bettering Chevron which offered $33 billion. Occidental said in a press release on April 24, 2019 that it delivered a letter to the Board...
News

Petrotrin rakes in 1.6 billion TT dollars operating profit in last year of service

OilNOW -
Trinidad and Tobago State-owned oil company Petrotrin made an operating profit of TT$1.67 billion (US$250.28 million) during its last year in existence. According to a report published by CNC3, this was revealed in unaudited figures that the company’s successor, Trinidad Petroleum...
News

Ramps Logistics secures full integrated contract with Tullow for Guyana drill campaign

OilNOW -
Ramps Logistics has secured a fully integrated cross-border logistics contract inclusive of shore base provision and management, marine agency, personnel logistics, freight forwarding and customs brokerage, with UK-based Tullow Oil for its upcoming Guyana drill campaign. Further to this, a...
News

US looking to support Guyana on its journey towards ‘self-reliance’ – Ambassador Lynch

OilNOW -
US Ambassador to Guyana, Sarah-Ann Lynch, said as Guyana is preparing for the oil and gas sector, it is also equally important that it pays attention to the needs of the Private Sector. During a recent interview at the US...
News

Over 3,000 students benefited from ExxonMobil supported STEM prog since 2012

OilNOW -
More than 3,000 students have benefited so far from an ExxonMobil Guyana supported STEM programme being rolled out by the Volunteer Youth Corps (VYC). ExxonMobil Guyana began supporting the initiative back in 2012, some 3 years before the company...
News

Top official promises Guyanese ‘good life’ from oil bounty

OilNOW -
With oil reserves in Guyana now exceeding 5.5 billion barrels from a record 13 discoveries made to date by US oil major ExxonMobil, a top official in the country with responsibility for petroleum is promising Guyanese the ‘good life’...
1...820821822...982Page 821 of 982

Latest News

NewsOilNOW -

Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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