News

News

Guyana government moving to close energy gap between coast and hinterland

OilNOW -
Guyana is set to commence the rollout of the first phase of a project aimed at providing solar photovoltaic (PV) systems for 30,000 homes in hinterland communities starting in July. The announcement was made by Chief Executive Officer of...
News

Guyana can tap multi-million-dollar LNG opportunities with Gas-to-Energy project – MP

OilNOW -
Guyanese Member of Parliament (MP), Jermaine Figueira believes the imminent Gas-to-Energy Project will be a game-changer for the South American producer as it is intended to provide a reliable and affordable source of energy for domestic consumption while facilitating...
Exploration

Exxon to conduct suite of studies to optimise Stabroek Block projects

OilNOW -
ExxonMobil Guyana has agreed to conduct a suite of studies to ensure the operational efficiencies and integrity of its Stabroek Block projects are preserved for decades to come.According to the Petroleum Production Licence for the Uaru Development Project, Exxon’s...
News

Permian Basin delivers record-breaking performance in 2023 Q1

OilNOW -
American oil giant, ExxonMobil Corporation reported on April 28 that its Permian Basin assets delivered a record-breaking quarterly performance, reaching over 600,000 oil equivalent barrels. Specifically, Kathy Mikells, Exxon’s Senior Vice President & Chief Financial Officer said, “We reached a...
News

Five sanctioned Stabroek Block developments offer strong fiscal cushion for GtE Project

OilNOW -
Guyana’s Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels have allowed the country to earn a whopping US$2.2 billion in royalties and profit oil in a three-year period spanning from March 11, 2020 to March...
News

TotalEnergies to FID Angola oil development this year 

OilNOW -
TotalEnergies EP Angola, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and Sonangol Pesquisa e Produção S.A, has signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on...
News

Guyanese will be able to cash in on Exxon’s US$12.7 billion Uaru Project

OilNOW -
Guyanese authorities have required ExxonMobil Guyana to provide a list of the local content opportunities that will be available at its newly approved Uaru Project. This is outlined in the Petroleum Production Licence for the project. The document states that...
News

Exxon reviewing Guyana court ruling, says insurance exceeds industry benchmarks

OilNOW -
ExxonMobil Guyana said it is reviewing a recent High Court ruling regarding the necessity of a financial guarantee for its operations in Guyana, and considering potential next steps. It expressed disappointment that the court did not recognise its financial...
News

No word on continuity of gas deal between TT/Venezuela 

Shikema Dey -
The assurance of Trinidad’s Energy Minister, Stuart Young may have been given prematurely when he claimed that the controversy surrounding Venezuela’s PDVSA would not affect the Dragon gas deal.  It seems there has been no word from Venezuelan counterparts on...
News

Guyana delegation tours Houston Gas-to-Energy facility

OilNOW -
The Gas-to-Energy project in Guyana is revving up, and the US-consortium, Lindsayca/CH4 (LNDCH4), is leading the way. The contractor for the integrated natural gas facility to be constructed at Wales has big ambitions for local content. According to Mr....
1...255256257...998Page 256 of 998

Latest News

NewsOilNOW -

Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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