News

News

Exxon back as sponsor for Guyana Amazon Warriors in CPL 2023

OilNOW -
The Caribbean Premier League (CPL) season is back and ExxonMobil is once again throwing its full support behind the Guyana Amazon Warriors (GAW) in their bid for the coveted title and trophy.  Exxon is expected to launch its sponsorship on...
News

Hess targetting almost US$8 billion in annual earnings powered by Guyana’s mega oil-projects

OilNOW -
With multiple phases of developments coming online in Guyana's Stabroek Block and a robust inventory of high-return drilling locations in the US Bakken, Hess Corporation says it is projected to rake in almost US$8 billion in annual earnings by...
News

Guyana’s 2023 oil fund withdrawals now up to US$600 million

OilNOW -
Guyana’s Ministry of Finance has announced the third and fourth drawdowns from the Natural Resource Fund (NRF) for the year 2023. As per the official press release from the Ministry of Finance, a total of US$200 million has been...
News

Saipem secures €850 million worth of offshore contracts in Côte d’Ivoire and Italy

OilNOW -
Italian oilfield services provider Saipem has announced the acquisition of two significant contracts valued at a combined total of €850 million for offshore operations in Côte d’Ivoire and Italy. In the first contract, Saipem will collaborate with Eni Côte d’Ivoire...
News

Guyana gov’t would not allow Repsol to recover old license expenses if new license is granted

OilNOW -
In a recent clarification, Guyana Vice President Bharrat Jagdeo said no decision has yet been made regarding Repsol's request for a new license for the Kanuku Block. He said some media reports appear to have misinterpreted his previous comments...
News

Preliminary front-end work for Guyana’s largest oil project already underway – EIA

OilNOW -
Hess Corporation, a 30% stakeholder in Guyana's Stabroek Block, anticipates regulatory approval for the Whiptail Project in early 2024. This was one of the key highlights in a slide show presented by the company on Thursday at the Barclays...
News

Total CEO for Suriname visit, oil development discussions high on agenda

OilNOW -
All details will be revealed to Suriname’s President on Block 58’s development prospects, said TotalEnergies’ Chief Executive Patrick Pouyanné.  Speaking at the Barclays CEO-Energy Power Conference being held in New York, Pouyanné said that the oil field is big enough...
News

Over 6,000 businesses benefit from new ‘Centre Hub’ launched by CLBD

OilNOW -
The landscape of business opportunities in Guyana has been boosted with the introduction of the Centre Hub, an enhanced and upgraded digital platform introduced by the Centre for Local Business Development (CLBD) on September 7. It is set to...
News

Touchstone delivers first gas from Cascadura project in Trinidad

OilNOW -
Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...
News

Integrated advantage: How FPSOs outperform traditional platforms in Guyana’s depths

OilNOW -
ExxonMobil has decided to use the floating production, storage and offloading (FPSO) vessel for every oil development offshore Guyana. But why? The company explained in the environmental impact assessment (EIA) for the proposed Whiptail project, which would be the...
1...233234235...1,027Page 234 of 1,027

Latest News

NewsOilNOW -

High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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