Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with his view that the world class Liza discovery is like an elephant; and “elephants don’t travel...
ExxonMobil made the decision to begin drilling for oil in Guyana at the Liza field since this prospect was the biggest and best, based on data analysed by the company.
By the time the oil major acquired rights to explore...
Repsol’s issue of certified green bonds, the first of its kind in the global oil and gas sector, has won the recognition of Petroleum Economist magazine.
The company has a Production Sharing Contract (PSC) with the Guyana Government to explore...
(AP) TransCanada Corp. says it has recovered more than 24,000 gallons of oil from the site of a pipeline leak discovered last week in South Dakota.
The company said 24,450 gallons of oil had been recovered as of Wednesday. TransCanada's...
There is an abundance of oil resources: oil resources known today dwarf the world’s likely consumption of oil out to 2050 and beyond.
Global proved oil reserves have more than doubled over the past 35 years: for every barrel of...
ExxonMobil has contracted Noble Corporation for drilling of the Liza Phase 1 development wells set to begin in 2018.
OilNOW understands the Noble Bob Douglas drill ship will begin its campaign by Q2 2018 and the contract is expected to...
Opposition Leader Bharrat Jagdeo, on Wednesday vowed that his Peoples Progressive Party/Civic (PPP/C) will be pressing the Guyana Government to disclose whether a US$20M signing bonus was received from US oil major ExxonMobil.
Mr. Jagdeo made the declaration during his...
(Bloomberg) After quashing street protests and corralling his political opponents, President Nicolas Maduro has set his sights on Venezuela’s economic engine.
The authoritarian socialist’s administration has begun a broad purge at state-owned Petroleos de Venezuela, arresting more than 50 officials...
(Reuters) - ExxonMobil has evacuated non-essential staff working in the highlands of Papua New Guinea due to unrest in the area, but operations are continuing at its PNG LNG liquefied natural gas project, the company said on Thursday.
“Due to...
BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value...