News

News

U.S., Europe vie for Guyanese crude as Mexican exports decline, analysts say

OilNOW -
With Mexican crude exports expected to decline, a fierce competition is emerging between the U.S. and Europe for Guyanese oil, global trade data and analytics firm Kpler said.  Kpler analyst Matt Smith, quoted in a May 29 Argus Media article,...
News

Increased hydrocarbon production ups IMF growth estimate for Brazil

OilNOW -
An International Monetary Fund (IMF) team, led by Ana Corbacho and Daniel Leigh, conducted discussions with Brazilian authorities and stakeholders for the 2024 Article IV Consultation from May 15-27, 2024. The IMF issued a statement highlighting Brazil's economic resilience...
News

Saipem to take over China-built heavy lift pipelay vessel this month

OilNOW -
Saipem is set to take over the latest generation heavy lift pipelay vessel, JSD6000, in June. The company said the vessel, built by Chinese state-owned port and naval machinery manufacturer ZPMC, had its completion ceremony at ZPMC’s Changxing base. The...
News

Exxon to meet with Guyana vendors 

OilNOW -
ExxonMobil Guyana said it will host a June 19 virtual session for feedback on its Requests for Information (RFI) issued during July-December 2023.  The meeting will include an explanation of its RFI process, feedback on responses to the RFIs, and...
News

SBM Offshore observes 11th Life Day anniversary with emphasis on Hand Safety

OilNOW -
SBM Offshore marked its 11th annual Life Day on May 28, focusing on hand safety and overall workplace wellbeing. The event, themed “Every day is Life Day,” was celebrated globally and included a gathering at the Guyana Marriott Hotel. Martin...
News

Subsea7 secures “super major” Petrobras contract for Búzios 9 field development

OilNOW -
Subsea7 has been awarded a super-major contract by Petrobras for the Búzios 9 field development. The field is located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,000 meters in the...
News

Draft oil spill legislation to be complete in a week – Jagdeo 

OilNOW -
Guyana Vice President Bharrat Jagdeo said draft oil spill legislation will be ready soon. “Within a week, we'll get the draft for the environmental spill legislation to ensure that we safeguard the country, fortify it with a law that forces...
News

Trinidad hopeful existing gas infrastructure gives it edge over rising stars Guyana and Suriname

Kemol King -
Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...
News

EDO, Noble, MATPAL in new scholarship partnership for Guyanese cadet officers 

OilNOW -
El Dorado Offshore (EDO), Noble Corporation, and MATPAL have started a new scholarship program for six Guyanese cadet officers, EDO said in a May 30 release.  The Ramps Logistics subsidiary did not state the nature of the awards. However, it...
News

Chamber to host ‘largest ever’ trade delegation from Guyana to Suriname

OilNOW -
The Suriname Guyana Chamber of Commerce (SGCC) will host its inaugural trade delegation from Guyana to Suriname for the period June 5-9, 2024. It will include over 50 representatives from 23 companies, marking the largest such event to date,...
1...113114115...1,005Page 114 of 1,005

Latest News

NewsKemol King -

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

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