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ExxonMobil simplifying upstream activities to realise growth plans

OilNOW -
As it looks to support plans to double operating cash flow and earnings by 2025, Exxon Mobil Corporation on Thursday announced that it will streamline its upstream organization and centralize project delivery across the company. ExxonMobil is leading the charge in Guyana...
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Juan Guaido not ruling out accepting US military support

OilNOW -
Self-proclaimed interim president of Venezuela Juan Guaido has refused to rule out accepting US military support amid the escalating political crisis, but said he hopes it does not come to that. According to a CNN article posted on Thursday, Guaido...
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Just twenty-eight days: more Guyanese benefiting from opportunities offshore

OilNOW -
Lindon Swamy’s wife is used to missing him. For more than two decades, Lindon spent months at a time away from home working at sea as a ship’s mechanic. He is completely at ease in the engine room of a...
Exploration

Guyana among targets for oil major Total as company plans biggest exploration drive in years

OilNOW -
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas. The...
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US oil sanctions on Venezuela will not be major blow to Maduro regime – Rystad Energy

OilNOW -
Rystad Energy analyst Paola Rodriguez-Masiu believes that while the sanctions announced on Monday by the US against Venezuelan state oil company PDVSA will have some effect, this will not be harsh as the Trump administration expected. “The sanctions will deal...
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TechnipFMC awarded EPCI contract for North Sea development

OilNOW -
TechnipFMC has been awarded a substantial integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract for a North Sea development. According to a press release onTuesday, the contract awarded by Lundin Norway covers the delivery and installation of subsea equipment including...
Exploration

Glengorm ‘largest UK gas find since 2008’ – WoodMac

OilNOW -
Oil and gas industry analyst Wood Mackenzie is calling CNOOC’s latest gas discovery at Glengorm the largest UK gas find since 2008 and one that will sustain the industry’s profitability. "At 250 million barrels of oil equivalent (boe), CNOOC Ltd’s...
Exploration

CNOOC Limited makes discovery in UK North Sea

OilNOW -
CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...
News

3rd batch of subsea pipes for Liza Phase 1 expected within weeks – Saipem

OilNOW -
The third batch of sub-sea pipes for the Liza Phase 1 Development Project is expected to arrive in Guyana within weeks as work intensifies ahead of first oil in the South American country. Speaking to OilNOW on Thursday at the...
Exploration

Tullow upbeat about Jethro, Carapa prospects offshore Guyana

OilNOW -
UK-based Tullow oil will be focusing heavily on its exploration programme offshore the South American country of Guyana in 2019 with multiple prospects on its radar for drill campaigns in the second and third quarters of the year. In its...
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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...

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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