Featured

Featured posts

News

Having one of the highest corporate income tax rates in the world among barriers to Suriname’s first offshore oil development – risk expert

OilNOW -
As Suriname awaits a final investment decision (FID) from TotalEnergies on the country’s first-ever oil development, an expert on risk says the fiscal part of this story has impeded the process.  Ford Tanner, Associate Director with the Exploration and Production...
News

Stabroek Block profitable even if oil prices dropped by half 

OilNOW -
Guyana has become the bedrock of ExxonMobil’s post-COVID corporate revival, an Aug 1 piece by Bloomberg’s Kevin Crowley outlined.  The Texas oil giant is the operator with a 45% stake in the Stabroek Block, a vast oil field spanning 6.6...
News

Equinor and ExxonMobil transfer Suriname oil block to Hess Corp.

OilNOW -
Equinor and ExxonMobil have transferred their stakes in a deepwater oil and gas exploration block off Suriname to Hess Corp, Reuters reported on Wednesday. This move signifies Equinor's exit from the South American country, aligning with its strategy to...
News

T&T’s social programs at stake as energy sector revenues decline

OilNOW -
The Trinidad and Tobago (T&T) Extractive Industries Transparency Initiative (TTEITI) has projected that declining oil and gas revenues would negatively impact the country's social programs in the leadup to 2033. In a July 30 report titled ‘How Will the Decline...
News

US political analyst says Harris VP pick is “very good for Guyana – excellent in fact”

OilNOW -
The buildup for finding out who U.S. Vice President Kamala Harris, the Democratic Party’s presumptive presidential nominee, would choose as her running mate in the 2024 election, is finally over; yesterday morning, the Harris campaign officially announced that Minnesota...
News

Guyana: Exxon heading for biggest year with over 113 million barrels of oil already produced in just the first six months

OilNOW -
ExxonMobil Guyana achieved a milestone in the first half of 2024, producing approximately 113.5 million barrels of crude oil in just six months. This is almost equivalent to the 114.2 million barrels produced in the first nine months of...
Energy Insights

Recent CCJ decisions settle important questions relating to petroleum operations in Guyana

OilNOW -
By Chevy Devonish Guyana’s highest court, the Caribbean Court of Justice (CCJ) recently handed down two significant decisions which will affect future oil and gas operations and litigation in the South American country. These decisions are Ramon Gaskin v. Minister of...
News

Saipem Guyana, Women Chamber to host vendor outreach event to boost diversity in local supply chain

OilNOW -
Saipem Guyana Inc. and the Women's Chamber of Commerce & Industry Guyana (WCCIG) are set to host a vendor outreach event on August 21, 2024, at the Centre for Local Business Development in Georgetown. The event, titled “Saipem Vendor...
News

Petrobras advances natural gas exploration in Colombia with Uchuva-2 well

OilNOW -
Petrobras has reached a key milestone with the Uchuva-2 well, confirming the natural gas discovery initially made in 2022 with Uchuva-1.  Located 31 km offshore Colombia at a water depth of 804 meters, Uchuva-2 was spudded on June 19 and...
News

Petrobras, GA Drilling collaborate to cut costs, mitigate risks in deepwater operations

OilNOW -
GA Drilling, a Slovakia-based deep drilling technology provider, has initiated a technical cooperation program with Brazil’s Petrobras. Along with Petrobras' Cenpes research, development, and innovation center, the partnership aims to revamp the downhole drilling system, reducing well construction costs...
1...848586...975Page 85 of 975

Latest News

NewsOilNOW -

Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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