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SBM Offshore hit with rising bill for corruption cases

OilNOW -
Dutch floater specialist, SBM Offshore, the same company contracted by ExxonMobil affiliate Esso Exploration & Production Guyana Limited to build an FPSO, has been caught up in corruption cases in Brazil that are now proving to be costly. The company...
News

Tullow secures Ghana approval for greater Jubilee field development

OilNOW -
Tullow Oil has secured government approval for its Greater Jubilee full-field development plan off Ghana. This is according to joint venture partner Kosmos Energy. In their Q3 2017 results released today, Kosmos said, “In mid-October, the partnership received approval for...
Exploration

Exxon successfully spuds Ranger-1

OilNOW -
ExxonMobil began exploratory drilling operations at the Ranger-1 well site in the Stabroek Block, offshore Guyana on Friday. The Ranger-1 drill site is located approximately 160 nautical miles off the coast of Guyana and covers an area of one square...
Exploration

Tullow shares dip on Araku disappointment

OilNOW -
After being forced to plug and abandon the highly anticipated 1.6-mile deep Araku-1 exploration well in Suriname, Tullow Oil took a 5pc hit to its share price. It is the second major disappointment for the company, which was forced to...
Opinions

Guyana’s oil not another’s feast

OilNOW -
Guyana has always cherished its co-operation and collaboration with our sister CARICOM states. But the gap between talk and action breeds much skepticism about the regional integration project. For instance, I recall, as Agriculture Minister, the battles we fought...
Featured

A decade after oil discovery! The bold steps, the mistakes, the lessons, and the future

OilNOW -
Like Guyana, the first major oil discovery was made in the West African country of Ghana in the same year the country celebrated its 50th Independence Anniversary. The hope was that oil revenue would help to advance the country's growth...
News

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...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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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