News

News

APA Corp. in talks for joint development with Guyana after Block 58 discoveries

OilNOW -
With the Block 58 discoveries offshore Suriname seeming promising, APA Corp. is mulling the installation of a floating liquefied natural gas (FLNG) terminal in the basin. As reported by Bloomberg, APA’s Vice President Gary Clark told investors at the Enercom...
News

Petrobras adds 80,000 bpd to Campos basin output

OilNOW -
Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil. The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...
News

CGX will have to keep selling to continue its Guyana work

Kemol King -
CGX Energy has found itself in a position where selling assets has become an apparent strategy for financial sustenance. The company's 2023 quarterly financial report shines a dazzling light on this trajectory. A significant development, in this regard, is the...
News

S&P sees Guyana holding strong in oil and gas sector despite revised PSA

OilNOW -
Oil and gas investments in Guyana remain attractive even with the fiscal terms in its new model Production Sharing Agreement (PSA) which are more favourable to the country. This is according to an August 10 report by S&P Global...
News

Another 1.4 million bpd of non-OPEC supply growth expected in 2024

OilNOW -
Projections for non-OPEC liquids supply have taken a favourable turn, indicating an anticipated expansion of 1.5 million barrels per day (mb/d) in 2023, the August Global Supply Report highlights.  Guyana, Brazil, the United States, Norway, Kazakhstan and China will be...
News

Ghana’s tech expertise meets Guyanese roots for oil oversight

OilNOW -
A Ghanaian technology firm known for its expertise in the oil and gas sector has teamed up with a Guyanese/Canadian company to offer offshore monitoring services for the South-American nation’s growing energy industry.  West Coast Gas Ghana, a multinational company...
News

86 subsea tree awards anticipated in H2 2023, H1 closes with 196 – Westwood

OilNOW -
The first half of 2023 closed with 196 subsea tree awards, according to new data by Westwood Global Energy Group, released on August 14. The industry's gaze now turns to the remaining months of 2023, when the anticipation of...
News

CGX may drill more wells at Corentyne Block after Wei-1

Shikema Dey -
Additional prospects in Guyana’s Corentyne Block could be tapped but this hinges on results obtained by operator CGX Energy from its Wei-1 appraisal, the company said on August 14.  Frontera Energy is the other partner in the Corentyne Block.  Frontera eats...
News

Historic reunion with Exxon in Guyana fuels MODEC’s US$7.85 billion H1 orders

OilNOW -
MODEC recently celebrated its order from ExxonMobil to provide the Errea Wittu floating production, storage, and offloading (FPSO) vessel for the Uaru project located offshore Guyana. This order has been noteworthy for the company as it marks its first...
News

Frontera Energy reports strong Q2 2023 results with net income of CA$80.2 million

OilNOW -
Frontera Energy has announced financial results for the second quarter of 2023, showcasing a substantial net income of CA$80.2 million or CA$0.94 per share. This marks a significant upswing from the previous quarter's net loss of CAD$11.3 million or...
1...247248249...1,032Page 248 of 1,032

Latest News

NewsOilNOW -

French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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