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Fuel giant BP to operate one of world’s largest renewables and green hydrogen hub

OilNOW -
BP announced on Wednesday that it will acquire 40.5% equity stake in the Asian Renewable Energy Hub (AREH), potentially the world’s largest renewables and green hydrogen hubs. The acquisition will make BP operator of the US$36 billion project. The green hydrogen hub...
News

Exxon finally hits pay; records first profit in Guyana after 23 years

Shikema Dey -
After operating in Guyana for 22 years, ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has recorded profit for the first time to the tune of GY$132 billion. In financial records seen by OilNOW, EEPGL’s revenues stood at...
News

In scathing rebuke, VP Jagdeo says anti-fossil fuel lobby targeting Guyana

OilNOW -
Guyana has been blessed with enormous oil and gas resources. The revenues from this remarkably lucrative sector can transform the country and enable its citizens to reach higher standards of living. These revenues can also buttress the diversification of...
Exploration

Guyana delivered largest oil and gas discovery in 20 years, more to come – Hess

OilNOW -
The nearly 11 billion barrels of oil equivalent found so far at the Stabroek Block offshore Guyana may just be a scratch on the surface of what is emerging as one of South America’s most prolific oil and gas...
News

“The country is growing very fast” – investors flocking to its shores – UK Envoy

OilNOW -
Guyana’s upward trajectory brought on by its massive oil and gas reserves has piqued United Kingdom investor interest. According to the British High Commissioner to Guyana, Jane Miller, many companies are eager to establish a stronghold in the South...
News

Guyana plans to use oil revenues to make higher education free

OilNOW -
Guyana expects windfall revenues from the sale of its crude this decade as ExxonMobil looks to add one new oil production vessel almost every year to its offshore operations. To make sure these revenues contribute to lasting growth for...
News

Petrobras still has no CEO, but new chairman identified

OilNOW -
The hunt for a candidate to man Brazil’s state-run Petroleo Brasileiro (Petrobras) as its Chief Executive Officer (CEO) continues. However, a new Board Chairman was tapped along with nine other members. According to Petrobras, Gileno Gurjao Barreto – the new chair pick –...
News

TotalEnergies hits 2030 renewable energy target with Clearway Energy deal – Rystad Energy

OilNOW -
French giant, TotalEnergies, according to Norway-based Rystad Energy, is now added to the short list of exploration and production companies to top 2030 renewable energy targets after clinching a major deal to acquire a 50% stake in Clearway Energy Group. Total’s...
News

Saipem charters Bourbon Mobility vessels to support mega LNG project in Africa

OilNOW -
Bourbon Mobility vessels – the Sirocco FSIV and the Surfer 2609 have been brought on to support Saipem’s liquefied natural gas (LNG) project on the Greater Tortue Ahmeyim field off the coast of Mauritania and Senegal. The Italian multinational is constructing a mega...
News

Hess hoping for approval of 6th development at Stabroek Block by end of next year

OilNOW -
Chief Executive Officer of Hess Corporation, John Hess, said he hopes that by the end of 2023, approval will be secured for ExxonMobil to place its sixth floating production storage and offloading (FPSO) vessel at the Stabroek Block. Hess is...
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Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...

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.

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