Featured

Featured posts

News

Oil contract terms key to Exxon’s multi-billion U.S. dollar investments in Guyana 

OilNOW -
The fiscal regime of the Stabroek Block Production Sharing Agreement (PSA) continues to be a key factor behind ExxonMobil's decision to continue investing billions of U.S. dollars into Guyana. So says Vice President and Business Services Manager at ExxonMobil Guyana...
News

Kaieteur Block failed to meet ‘investment hurdle’ – Exxon Official

OilNOW -
ExxonMobil's Vice President in Guyana, Philip Rietema, said that the company's decision to withdraw from the Kaieteur Block last year was driven by the project's failure to meet ‘investment hurdles’ given the complex realities of oil and gas exploration.  “We...
News

DOF Group announces acquisition of Maersk Supply Service in US$1.11 billion deal

OilNOW -
Norwegian offshore supply vessel company DOF Group has confirmed its agreement to acquire Denmark-based Maersk Supply Service (MSS) in a significant US$1.11 billion cash and stock transaction, announced on Tuesday. The merger will consolidate under the DOF Group banner, creating...
News

Guyana’s biggest FPSO by target production to set sail in H1 2025

OilNOW -
Guyana is set to welcome a trailblazing new floating production, storage and offloading (FPSO) vessel next year. The ONE GUYANA vessel, being constructed by SBM Offshore, is targeting the highest initial oil production observed in the industry for an...
News

Stabroek Block operator ExxonMobil tops June 2024 charts for global market cap.

OilNOW -
Texas-based oil major ExxonMobil, operator of Guyana’s Stabroek Block ranks number one on global charts for June 2024, based on market capitalization among the top oil companies in the United States. Market capitalization, sometimes referred to as market cap,...
News

Horizon56’s digital solutions transform offshore operations in Guyana

OilNOW -
Horizon56 has showcased the transformative impact of its RigFlow™ and RigBridge™ solutions on offshore operations in Guyana’s Stabroek Block. ExxonMobil is the operator of the asset alongside Hess and CNOOC.  Horizon said its digital tools have significantly enhanced efficiency, safety,...
News

Touchstone secures onshore bid round exploration licences

OilNOW -
Touchstone Exploration Inc. announced that its Trinidadian subsidiary, Primera Oil and Gas Limited (POGL), has entered into Exploration and Production (Public Petroleum Rights) Licences for the Cipero and Charuma blocks. These licenses became effective on July 1, 2024. The Cipero...
News

Guyana quickly moving up the ranks of World Bank’s high income economies

OilNOW -
Guyana is quickly moving up the rankings of the World Bank’s high-income economies. After joining the high-income group last year, the country jumped four places to 63rd based on 2023 growth. The ranking is based on the Bank’s calculation of...
News

Judge blocks Biden’s ban on new LNG gas export projects

OilNOW -
A federal judge halted President Joe Biden’s temporary moratorium on new licenses for exports of US liquefied natural gas (LNG). The decision by US District Judge James D. Cain Jr. in Louisiana, issued Monday, responds to a lawsuit filed...
News

Greater Guyana Initiative calls for new proposals 

OilNOW -
The Greater Guyana Initiative (GGI) has put out a call for new proposals aimed at advancing strategic capacity development across the South American nation.  Backed by a substantial US$100 million (GY$20 billion) investment from ExxonMobil Guyana Limited, Hess Guyana Exploration...
1...969798...976Page 97 of 976

Latest News

NewsOilNOW -

Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...

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