News

News

Hess says exploration planned this year for Suriname blocks at Guyana border

OilNOW -
Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes - Block 42 and Block 59. The note is part of the company’s annual report filed with the U.S. Securities and Exchange...
News

Hess’ Guyana output now on par with its leading Bakken asset

OilNOW -
Growing oil production offshore Guyana is taking even more prominence in the portfolios of the Stabroek Block co-venturers, with Hess’ net Guyana production now being on par with output at its traditionally leading Bakken Shale operations in North Dakota. The...
News

Rising offshore rig dayrates prompt energy companies to explore ownership options – Westwood

OilNOW -
In a climate of escalating offshore rig dayrates, energy companies are increasingly considering ownership as a strategy to control costs and ensure availability, according to insights from Westwood Global Energy Group.  As of December 31, 2023, the cost to rent...
News

Hess reports 180% profit jump, driven by Payara start-up in Guyana

OilNOW -
Hess Corporation reported a net income of US$972 million or US$3.16 per share for the first quarter of 2024, in its April 25 earnings report. This represents a 180% increase over the net income of US$346 million or US$1.13...
Exploration

Trumpetfish and Redmouth wells up next on Exxon’s Stabroek Block drill campaign

OilNOW -
ExxonMobil is targeting the Trumpetfish-1 and Redmouth-1 wells next in its Stabroek Block exploration campaign.  According to notices from Guyana’s Maritime Administration Department (MARAD), drilling at Trumpetfish-1 is scheduled to conclude on April 30 while drilling at Redmouth-1 is scheduled...
News

Saipem reports net profit of €57 million in Q1 2024

OilNOW -
Saipem, the Italian energy industry contractor, disclosed a positive net result of 57 million euros for the first quarter of 2024, a turnaround from the breakeven recorded in the corresponding period of 2023.  The announcement came following the approval of...
News

Halliburton reports US$606 million net income for Q1 2024 

OilNOW -
Halliburton, the multinational oilfield services company, disclosed its financial performance for the first quarter of 2024, reporting a net income of US$606 million, equivalent to US$0.68 per diluted share.  This represented a decrease from the first quarter of 2023 when...
News

Gas-to-Energy: 375 billion cubic feet of gas committed for sale – Hess

OilNOW -
In a filing with the U.S. Securities and Exchange Commission, Hess Corporation said 375 billion cubic feet of natural gas is estimated to be subject to sales commitments under the Gas-to-Energy project in Guyana.  The Guyana government will utilize the...
News

Noble Venturer booked all year for campaigns in Africa hotspots

OilNOW -
Noble Drilling announced the scheduled activities for its Noble Venturer drillship in Africa, which are expected to take all year, potentially going into 2025.  Following the early completion of the Tullow Oil Ghana campaign expected to end in late May...
Exploration

Stena DrillMAX leaves Guyana temporarily for Exxon’s Newfoundland campaign

OilNOW -
The Stena DrillMAX is sailing across the Atlantic, on its way to Newfoundland to assist with an ExxonMobil-led campaign.  The vessel will be used to drill the Persephone wildcat well of Exploration License (EL) 1169. The license area lies in...
1...122123124...1,003Page 123 of 1,003

Latest News

NewsOilNOW -

Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...

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