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Stones: World’s deepest offshore oil & gas project

Stones is the world’s deepest oil and gas project, operating in around 2,900 metres (9,500 feet) of water in an ultra-deep area of the US Gulf of Mexico. The project started production in September 2016 from a Floating Production,...

Private sector urged to expand knowledge, hold unified position on O&G

Guyana’s private sector is being urged to expand its knowledge base and adopt a unified position for the country’s emerging oil and gas industry. OilNOW sat down with former High Commissioner of Canada to Guyana, Pierre Giroux prior to his...

Mining giant BHP to sell US shale assets

(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". Shareholder...

Ghana, Equatorial Guinea to sign LNG deal

ACCRA (Reuters) - Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea due to begin on Monday, his office said. Though an...

The type of crude affects the price

Crude oils have various attributes that make them more or less attractive to refiners. West Texas Intermediate (WTI), the U.S. marker crude traded at Cushing Oklahoma, for example, is quite different than Western Canadian Select (WCS) produced and traded...

Trinidad squandered US$77B in oil revenue between 1999 & 2016 – TT Economist

A Trinidadian Economist is urging Guyana not to make the same mistakes the twin island republic has made in the management of revenue generated from petroleum production, and the neglect of other sectors of the economy. Dr. Roger Hosein, an...

Texas visit was part of ongoing dialogue between ExxonMobil & Guyana

The recent visit to ExxonMobil’s Houston, Texas campus by a team of Guyanese officials was part of ongoing dialogue, project updates and capacity building related to offshore deep-water activities being undertaken by the US super-major in the South American country. OilNOW...

Maersk agrees to sell oil unit to Total in $7.45 bln deal

(Reuters) Total is buying Maersk Oil in a $7.45 billion deal which the French oil major said would boost its earnings and cash flow, and bolster its dividend prospects. Danish company A.P. Moller-Maersk is selling its Maersk Oil division to Total to focus...

“Stop doing things piecemeal”- vision urgently needed for oil revenue – Dr. Adams

The absence of a well-articulated vision that outlines how oil revenue will be spent to transform Guyana and improve the living standards of its small population of 750,000 is a matter that needs urgent attention. This is the view...

Shell Nigeria sounds alarm over potential oil spill, fire outbreak

Shell Petroleum Development Company (SPDC) said on Sunday it was “deeply concerned” that unauthorized persons (including women and children) have been observed in close proximity to equipment at its Belema Flow Station and Gas Plant, and nearby communities, at...

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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...