Featured

Featured posts

News

BP says still sees oil at $50-$60/bbl in 2018 as shale output surge

OilNOW -
(Reuters) - BP expects benchmark oil prices to weaken in the second half of the year as U.S. shale production surges by up to 1.5 million barrels per day, Chief Financial Officer Brian Gilvary said on Tuesday. The London-based oil...
Exploration

Big oil firms hold back on drilling

OilNOW -
(The Wall Street Journal) The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going on spending sprees, even as the prospect of a global oil shortage looms. Western energy giants...
News

Oil industry is exciting but focus on agriculture equally important – Brasington

OilNOW -
ExxonMobil Guyana says it recognizes the important role agriculture plays in the South American country and is committed to continuing efforts that would support the growth and development of the sector. The company was a key sponsor of Uncapped Marketplace...
News

World Bank US$20M loan package to include experts for SWF workshop

OilNOW -
Two international experts are being provided to Guyana as part of a US$20M oil and gas assistance loan package from the World Bank, in order to help the country develop its Department of Energy. The country's State Minister, Joseph Harmon...
News

Exxon lucky-run in Guyana hits snag at Sorubim; dry hole a reminder of risk in E&P

OilNOW -
US oil major ExxonMobil’s unprecedented string of oil discoveries off the Guyana coast has hit a snag with no oil being found at the Sorubim-1 well where the Noble Bob Douglas has been drilling in recent weeks. Vice President of...
News

‘Exxon told us to maximize use of Guyanese employees, contractors’ – Lockwood

OilNOW -
Majority Guyanese-owned port facility – Guyana Shorebase Inc. (GYSB) says it has been maximizing the use of local content in its operations, which is in keeping with a request from ExxonMobil for the company to utilize as much services...
News

Guyana begins to cash in ExxonMobil signing bonus to cover legal fees at ICJ

OilNOW -
Guyana has begun the preliminary process in order to cycle funds from an US$18M signing bonus received from ExxonMobil in 2016, to defend its border controversy case at the International Court of Justice (ICJ). The move is documented in a...
News

Record 800+ Guyanese companies register on Exxon supplier portal, over 1700 persons trained

OilNOW -
In the short time span of around 12 months, a record number of Guyanese companies have registered on the ExxonMobil’s Centre for Local Business Development’s (CLBD) Supplier Registration Portal while more than 1700 persons have benefited from training and...
News

Guyana sees need to boost legal framework with arrival of O&G

OilNOW -
Chief legal advisor to the Government of Guyana, Attorney General Basil Williams, on Wednesday highlighted the need for the South American country to strengthen its legal framework in anticipation of a spike in investments fueled by the emerging oil...
News

Hess reports US$106M net loss; Guyana remains shining light in company’s outlook

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the...
1...830831832...913Page 831 of 913

Latest News

NewsOilNOW -

Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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