Featured

Featured posts

News

No guarantee other oil companies in the Guyana Basin will strike it big like Exxon – Wood Mack

OilNOW -
The Guyana-Suriname Basin is a vast expanse of deep to ultra-deep water with multiple play types where, despite ExxonMobil’s unprecedented success, exploration is still a high-risk venture. But Exxon’s 9 discoveries, which to date, amounts to more than 4...
News

“We work with an ethical supply chain that values women, men and different races” – Saipem President

OilNOW -
Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development. Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...
News

Total eyes deepwater expansion to 2025, scope for new projects

OilNOW -
(S&P Global Platts) Total expects its deepwater oil and natural gas production to grow by more than 40% to around 500,000 b/d of oil equivalent by 2025 on the back of new projects in offshore Brazilian and Gulf of...
News

Brazil cuts oil royalties to boost recovery rates

OilNOW -
(Argus Media) Brazil's hydrocarbons regulator ANP reduced royalties to 5pc from around 10pc in an effort to boost recovery at qualifying mature fields. The royalty reduction is contingent on new investment commitments and only applies to those fields that have...
News

‘No need to delay Liza Phase 2’ – Dr Mark Bynoe

OilNOW -
Head of Guyana’s Department of Energy (DOE) Dr Mark Bynoe says there is no need to delay the Liza Phase 2 development pending an audit of contract costs for Liza Phase 1. Over the last week, Dr Jan Mangal, former...
News

Territorial controversy, oil & gas high on Guyana’s agenda for UN debate

OilNOW -
Guyana will be placing high priority on its ongoing territorial controversy with Venezuela, oil and gas related matters, and several other issues at the General Debate of the 73rd Session of the UN General Assembly Session currently taking place...
News

Tullow Oil abandons Namibia well

OilNOW -
Reuters) - Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, the company said on Monday. “The Cormorant-1 exploration well in the PEL-37 licence, offshore...
News

Eni recognized as Global Compact LEAD by UN

OilNOW -
Italian multinational oil and gas company Eni announced on Monday that it has been recognized as Global Compact LEAD, demonstrating the company’s ongoing commitment to the United Nations’ corporate sustainability initiative. The decision was revealed at UN Headquarters in New...
News

US depends on Venezuelan oil, unable to stop importing overnight – Ambassador

OilNOW -
(Sputnik) - Venezuela is not satisfied with its quota for oil production under the Vienna agreement of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers and is currently taking measures needed to restore its level of...
Exploration

Dept. of Energy likely to take lead on local content – Dr Bynoe

OilNOW -
Head of Guyana’s Department of Energy Dr Mark Bynoe says the Local Content Policy development which was some time ago transferred to the Ministry of Business from the Ministry of Natural Resources is likely to be handed over to...
1...906907908...1,025Page 907 of 1,025

Latest News

NewsOilNOW -

Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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.

Quick Access

Company Info

Social Networks