News

News

Petrobras achieves second-highest net income in history

OilNOW -
Petrobras, the Brazilian state-owned oil giant, has reported a net income of BRL 124.6 billion in 2023, marking its second-highest financial performance in history. Accompanying this figure are what Petrobras termed record-breaking results in  earnings before interest, taxes, depreciation, and...
News

CNOOC discovers major light oil field in Kaiping South, China

OilNOW -
CNOOC Limited said it has made a major oilfield discovery at the Kaiping South field in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South...
News

PHOTOS: Stena Carron upgraded during survey in Spain

OilNOW -
The Stena Carron left Guyana for Spain two months ago for its Special Periodic Survey (SPS). The maintenance procedure is almost over, Stena said in a recent LinkedIn update.  Stena said the rig underwent a replacement of its thrusters.  Maintenance was...
News

Government, opposition refute claims Guyana not getting full royalties

OilNOW -
Representatives of both the Guyana government and main opposition party on Thursday refuted claims that Stabroek Block co-venturers ExxonMobil, Hess and CNOOC are shortchanging the country in quarterly royalty payments.  Economic Advisor in the opposition party, Elson Low, said that...
News

One month left for Venezuela to submit counter-memorial to World Court in Guyana border case

OilNOW -
With the clock ticking, Venezuela has just one month remaining to present its counter-memorial to the International Court of Justice (ICJ) in the ongoing border controversy with Guyana. The deadline set by the Court is April 8, 2024. This...
News

Saipem targeting fabrication of “more complex” subsea structures in Guyana this year

OilNOW -
By the third quarter of 2024, Saipem Guyana is set to occupy 81,000 square meters (m2) of the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, allowing it to fabricate “more complex” subsea structures for the country’s booming oil industry.  Saipem is...
News

Blue Water to expand into South Korea

OilNOW -
To bolster its position in the Asian market, Blue Water has announced its official acquisition of Zodiac Solutions, paving the way for its expansion into South Korea. This strategic development took place at the Korea - Denmark Offshore Wind...
News

As billions in bets hang on Chevron-Hess merger, Exxon files for arbitration with Paris Chamber

OilNOW -
ExxonMobil has filed for arbitration to retain pre-emption rights in the prolific Stabroek Block, Bloomberg reported. This comes as Chevron pursues its acquisition of Hess which has a 30% interest in the Guyana asset. The publication said Exxon’s Senior Vice...
News

Guyana to become world’s largest per capita oil producer next year 

OilNOW -
Guyana's oil production is on an upward trajectory, headed for 900,000 barrels per day (b/d) next year. By then, the country is poised to become the world’s largest per capita producer of oil.  The three operating projects - Liza 1,...
News

India turns to Guyana, Suriname, Namibia as OPEC cuts tighten 

OilNOW -
India's Union Petroleum Minister, Hardeep Singh Puri, revealed on March 4 that discussions have been underway with Guyana, Suriname, and Namibia regarding potential oil cooperation. Puri said that despite the ongoing voluntary oil output cuts by the Organization of...
1...152153154...1,018Page 153 of 1,018

Latest News

NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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