News

News

Maersk drillship contract with Shell extended for works in US Gulf of Mexico

OilNOW -
Maersk Drilling has secured a contract extension with Shell for a 7th generation drillship, to carry out additional drilling services in the United States Gulf of Mexico once it concludes current works. Maersk said the contract extension is expected to...
News

Guyana EPA mobilising to investigate oil leak, says head of agency

OilNOW -
Executive Director of the Environmental Protection Agency, Kemraj Parsram, said the agency is mobilising to visit the Liza Phase 2 offshore operations in order to conduct its own investigation of an oil leak that was detected on Friday. OilNOW understands...
News

Oil-rich Guyana makes massive investments in agriculture to ensure self-sufficiency

OilNOW -
In keeping with its vision to bolster the non-oil economy, prevent overreliance on petroleum revenues, and ensure Guyana is self-sufficient, the government has remained diligent in the execution of key investments in agriculture for the first six months of...
News

Repsol sells 25% stake in its upstream business to EIG for US$4.8 billion

OilNOW -
Repsol said it is partnering with United States multinational investor, EIG, in its upstream business, in a boost to its multi-energy transformation. EIG is set to acquire a 25% stake in Repsol’s upstream unit for US$4.8 billion. The transaction, approved...
News

Solar, hydro power projects progressing at various population centers across Guyana – report

OilNOW -
Several solar and hydro power projects are progressing across Guyana. The country is targeting various population centers away from the city of Georgetown, for these projects which incrementally replace the country’s heavy fuel oil supply with renewables. Guyana’s 2022 mid-year...
News

Quick response isolates oil leak at Liza Unity FPSO

OilNOW -
ExxonMobil Guyana said it initiated a quick response to a leak of approximately one barrel of crude from the Liza Unity floating production, storage and offloading (FPSO) vessel on Friday. The team had observed a sheen on the water in...
News

Guyana’s Local Content law intelligently crafted for win-win scenarios – Economist

OilNOW -
Although Guyana’s Local Content legislation prioritises the use of locals across 40 categories of work such as rentals, security, transportation, and catering, it still does not block the participation of foreign entities. It is this intelligent craftsmanship of the...
News

Guyana guarding against Dutch Disease impacts on non-oil labour market

OilNOW -
Cognizant that there are inherent risks associated with being an oil producing country, the Guyana government has paid keen attention to the development of the labour market. It said the government cannot go without preventative and mitigating strategies to guard...
News

Equinor hires Bristow for search and rescue work in Norwegian North Sea

OilNOW -
Bristow Group announced a contract award on Wednesday from Equinor’s state oil company, Equinor. By virtue of this award, Bristow said Equinor will be tapping into its world leading innovative and sustainable vertical flight solutions. It will provide search and...
News

Staatsolie eyes operatorship in Suriname’s shallow water blocks

OilNOW -
Staatsolie – Suriname’s state oil company – has its eyes set on becoming an operator in that nation’s shallow water blocks, according to its strategic goals 2022 through 2026. In its updated 2021 year-end report, Staatsolie’s Vice President – Offshore,...
1...351352353...998Page 352 of 998

Latest News

NewsOilNOW -

Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...

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