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PEMEX makes largest onshore discovery in 15 years

OilNOW -
On Friday November 3, Enrique Peña Nieto, President of Mexico, announced the discovery of an important reservoir with excellent quality light-crude oil and gas, said to be the most important onshore discovery made by Petróleos Mexicanos (PEMEX) in the...
News

TechnipFMC awarded subsea contract for gas project in Malaysia

OilNOW -
TechnipFMC (NYSE: FTI) and (PARIS: FTI) has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia, at a water depth of approximately...
News

US exit from EITI will not affect ExxonMobil participation in the anti-corruption body – Brasington

OilNOW -
The decision by the United States government this week to withdraw from the Extractive Industries Transparency Initiative (EITI) will have no impact on ExxonMobil’s participation in the anti-corruption body and engagement in implementation activities in countries outside of the...
News

T&T firm wants to farm into land-based oil blocks in Guyana

OilNOW -
Decker Petroleum Marketing Company Ltd., a Trinidadian company focused on the production of asphalt, has formally expressed its intention to pursue onshore exploration and production of hydrocarbons in Guyana. OilNOW has learnt that the expression of interest came days after...
News

Exxon reigns supreme as world’s largest oil company

OilNOW -
ExxonMobil, which has weathered the plunge in oil prices, has held onto its title as the world's largest oil company, according to Forbes. The Texas-based company is No. 13 on Forbes' 2017 Global 2000 list of the world’s biggest and most...
News

Guyana’s President vows to align oil transformation with green agenda

OilNOW -
Guyana’s President, David Granger, says his government is committed to ensuring that the transformation expected from the oil and gas industry is closely aligned with the country’s green development agenda. Addressing the opening of the 71st Sitting of the 11th Parliament...
News

Hess captures leadership status in CDP’s Global Climate Analysis

OilNOW -
Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the ninth consecutive year that Hess earned this...
News

U.S. withdraws from extractive industries anti-corruption effort

OilNOW -
(Reuters) - The United States has withdrawn from the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in managing revenues from oil, gas and mineral extraction. EITI calls US withdrawal from the anti-corruption body “disappointing, backwards step” There...
News

Military chief urges soldiers to be vigilant against trans-border crime as O&G industry takes off

OilNOW -
Chief of Staff of the Guyana Defence Force (GDF) Brigadier Patrick West is urging ranks to be vigilant and guard against new border threats which may emerge with the advent of the South American country’s oil and gas industry. This...
Exploration

Exploratory wells in the Orinduik Block to cost around US$35M

OilNOW -
The cost for exploratory wells in the Orinduik Block is expected to amount to approximately US$35M with Eco Atlantic’s participating interest anticipated to be around US$5.25 Million per well. The company has since entered into an option agreement on the block...
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SBM Offshore’s community initiatives in Guyana promote sustainability, local economies

SBM Offshore’s role in Guyana goes beyond oil production, as its community engagement projects aim to create long-lasting impacts...

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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