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Keppel nets S$203m in profit for 1Q 2019

OilNOW -
Keppel Corporation Limited (Keppel) reported a net profit of S$203 million for the first three months of 2019, 40% below that of S$337 million for 1Q 2018. In 1Q 2018, the Group benefitted from a S$289 million gain arising...
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Centralise resource-revenue management to boost economic growth and development

Bobby Gossai, Jr. -
One of the main risks of rising inequality in resource-rich countries; is the response on how to divide resource revenues between central and subnational governments. Indeed, there now appears to be a global trend toward the decentralization of petroleum...
News

ExxonMobil contracts Noble Don Taylor for Guyana drill campaign

OilNOW -
ExxonMobil has contracted the drillship Noble Don Taylor for operations offshore the South American country of Guyana. This is according to a fleet status report from Noble Corporation which was published on April 18, 2019. The Noble Don Taylor has...
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Guyana oil bounty pushing demand for more drill capacity

OilNOW -
On the heels of its record 13th discovery offshore Guyana, US oil major ExxonMobil is looking to ramp up its exploration and production activities in the South American country with the addition of yet another drillship to its fleet,...
News

Appraisal drilling underway at Hammerhead

OilNOW -
Appraisal drilling is underway at the Hammerhead field in the Stabroek Block offshore Guyana as US oil major ExxonMobil continues to assess discoveries and expands its operations in the South American country. Guyana Maritime Administration Department said this week ExxonMobil...
News

Venezuela fails to provide reasons why it thinks ICJ cannot hear border case with Guyana

OilNOW -
After asserting that the International Court of Justice (ICJ) has no jurisdiction to hear the case involving its claim over Guyana’s territory, Venezuela today failed to make a submission in support of its argument. The Guyana government said on Thursday...
News

ExxonMobil makes 13th discovery offshore Guyana

OilNOW -
ExxonMobil said on Thursday it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent...
News

Venezuela turmoil puts a pause on Dragon Gas deal with Trinidad and Tobago

OilNOW -
Deteriorating conditions in Venezuela, home of the world’s largest oil reserves, is obstructing a deal with neighbouring Trinidad and Tobago to transport gas over a 17 km pipeline from the Dragon Gas Field to the Hibiscus platform, in the...
News

BHP makes hydrocarbon discovery offshore Trinidad

OilNOW -
Australian company BHP announced that it has made commercial discovery of hydrocarbons offshore Trinidad and Tobago during the first quarter of 2019, on the heels of a gas discovery at the Bongos-2 well in the north last year. The find...
News

ExxonMobil plugs GYD$20M more into Guyana STEM programme

OilNOW -
ExxonMobil Guyana committed GYD$20M on Tuesday to a programme focusing on Science, Technology, Engineering and Mathematics (STEM) as part of an ongoing partnership with the Volunteer Youth Corps (VYC) that has seen annual contributions from the company. VYC began its...
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Latest News

ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

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.

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