News

News

Shipyard building Guyana FPSOs records highest profit in 55-year history

OilNOW -
Singapore’s Keppel Corporation Limited (Keppel) reported a net profit of over S$3.6 billion for the half year ended 30 June 2023, the highest profit on record in the Company’s 55-year history. 1H23’s net profit was significantly higher than the...
News

Major Trinidad upstream gas supplier shuts in production due to technical issue – Ministry

OilNOW -
In a blow to Trinidad and Tobago's energy sector, one of the major upstream natural gas suppliers has had to cease production due to an unexpected technical issue. The Ministry of Energy and Energy Industries of Trinidad and Tobago...
News

ExxonMobil snags US$7.9B in profits for 2023 second quarter

OilNOW -
American multinational, ExxonMobil Corporation, announced Friday that it made US$7.9 billion or US$1.94 per share during the 2023 second quarter. This represents a US$3.7 billion decline in profits compared to its US$11.6 billion earnings for the first quarter. When compared...
News

Stena rig departing prolific Stabroek Block for routine maintenance in T&T

OilNOW -
The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...
News

SBM Offshore Guyana advancing HSSE through multiple awareness programmes

OilNOW -
Over the last several years, safety has become a key topic in the local business sector, with the movement to improve and advance Health, Safety, Security and the Environment (HSSE) being propelled by the oil and gas industry. SBM...
News

New oil bill to be tabled in Parliament on August 3 – Jagdeo

OilNOW -
Guyana's Vice President, Dr. Bharrat Jagdeo, has announced that the country's new Petroleum Activities Bill will be presented to Parliament on August 3, 2023. The proposed legislation is set to establish a contemporary regulatory framework for the country's rapidly...
News

Payara project will hit 220,000 bpd around five months after first oil

OilNOW -
Guyana’s third oil development, Payara, is expected to see a ramp-up to 220,000 barrels of oil per day (bpd) within a five-month period after production gets underway, says Chief Operating Officer (COO) of Hess Corporation, Greg Hill. During the company’s...
News

SLB and Eni’s Enivibes to deploy e-vpms® for global pipeline monitoring

OilNOW -
SLB and energy giant Eni, through its subsidiary Enivibes, have forged an alliance to roll out e-vpms® (Eni Vibroacoustic Pipeline Monitoring System) technology worldwide. This state-of-the-art vibroacoustic wave detection system is purposed to provide real-time analysis, monitoring, and leak...
News

Exxon confirms Guyana production to hit 600,000 barrels-a-day next year

OilNOW -
Come 2024, Guyana’s daily production is set to ramp up to 600,000 barrels of oil per day. This was recently confirmed by ExxonMobil Guyana's Production Manager, Mike Ryan.  On the latest episode of Access ExxonMobil Guyana, Ryan shared that this...
News

Multiple new discoveries made in Guyana, but Hess says no update yet on new resource estimate

Shikema Dey -
Chief Executive Officer (CEO) of Hess Corporation, John Hess was asked by Doug Leggate from Bank of America on Wednesday when an update to the reserve estimate can be expected for the Stabroek Block. Hess has a 30% stake...
1...241242243...1,017Page 242 of 1,017

Latest News

NewsOilNOW -

Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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