Featured

Featured posts

News

Turmoil between gov’t, opposition bad omen for coming of oil – Private Sector Executive

OilNOW -
Executive member of Guyana’s Private Sector Commission (PSC), Ramesh Dookhoo, is urging the Guyana government and the lone opposition party - People’s Progressive Party Civic (PPP/C), to redouble their efforts at working together for the betterment of the South...
News

Repsol, VNG present $2.2B Norwegian oil, gas plans

OilNOW -
(Hart Energy) Spain’s Repsol and Germany’s VNG presented separate plans on Dec. 19 to develop two Norwegian oil and gas fields for a combined 18.2 billion Norwegian crowns (US$2.17 billion), Norway’s Ministry of Petroleum and Energy said. VNG’s Fenja oil...
News

Eni cranks up production at mega Zohr field offshore Egypt

OilNOW -
(Hart Energy) Eni SpA has confirmed the start of production from the supergiant Zohr Field, which puts Egypt on course to become an energy exporter with the field’s more than 30 trillion cubic feet of potential gas in place. Startup...
News

SBM Offshore completes US$720M Liza Destiny financing

OilNOW -
SBM Offshore said on Wednesday that on December 19, 2017 it completed the project financing of FPSO Liza Destiny for a total of US$720M. The project financing was secured by a consortium of twelve international banks. The Company expects to draw the...
News

Guyana to establish petroleum cost recovery sub-committee

OilNOW -
As preparation ramps up for oil production in 2020, the Government of Guyana is to establish a cost-recovery sub-committee, according to information reaching OilNOW. While details remain sketchy, it is believed that this sub-committee will be resident within the...
News

Liza Destiny builder Keppel secures $130M in projects

OilNOW -
Keppel Offshore & Marine (Keppel O&M) has bagged projects from repeat customers Petrobras and SOFEC Inc. (SOFEC) with a total value of $130M. According to a press release, the projects were bagged by its two wholly-owned subsidiaries Keppel FELS Brasil...
News

Oil workers sue Shell over Gulf of Mexico platform fire

OilNOW -
(Reuters) Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly received during a Nov. 8 fire on a U.S. Gulf of Mexico production platform. The...
News

Japan’s MODEC to supply FPSO for Libra consortium in Brazil

OilNOW -
Japan’s MODEC, Inc. said on Tuesday it has signed a contract for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel with Petróleo Brasileiro S.A. (Petrobras) as Leader and Operator of the Libra Consortium on...
News

CGX renegotiates work programme for oil blocks in Guyana

OilNOW -
CGX Energy Inc. said Monday it has successfully renegotiated its work commitments for the Demerara, Corentyne and Berbice Petroleum Prospecting Licenses with the Government of Guyana. As part of the renegotiation, the Company has also agreed to relinquish 25% of...
News

Brazil’s Temer relaxes stringent local content requirements

OilNOW -
The Government of the Federation of Brazil has yielded to demands for higher minimum percentages as they edge closer to an industry-wide local content policy. Brazil in recent years has become known for its stringent local content requirements; some of...
1...863864865...918Page 864 of 918

Latest News

NewsOilNOW -

Trinidad commences 12-18 months of wind power assessment

Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has announced the successful deployment of Light Detection and...

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