News

News

QatarEnergy inks deal with ExxonMobil for offshore license in Canada

OilNOW -
QatarEnergy has signed an agreement with ExxonMobil to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to...
News

Port of Vreed-en-Hoop investors plug GY$5 million into birding study

OilNOW -
Guyanese consortium NRG Holdings Incorporated, developers of the massive Port of Vreed-en-Hoop Project, has provided GY$5 million to the Guyana Marine Conservation Society to fund a ‘Birding Study’. The donation was received by the Conservation Society on October 15,...
News

IEA sees Guyana adding big volumes as world braces for oil market turbulence

OilNOW -
The International Energy Agency (IEA) said in its latest World Energy Outlook (WEO) 2021 report that under its base case 'Stated Policies' (STEPS) scenario, global oil demand exceeds 2019 levels by 2023 then levels off at 104 million b/d...
News

How exploration adapts in the transition – Low-carbon tech also needs geoscientists

OilNOW -
By Simon Flowers – Chairman, Chief Analyst & author of The Edge at Wood Mackenzie For over a century, exploration was at the sharp end of the rise of the oil and gas industry. The allure of discovery and huge...
News

Reservoir activities in Guyana, other key LATAM locations boost Schlumberger performance

OilNOW -
U.S. oilfield services company Schlumberger reported on Friday that it started the second half of 2021 with strong results, delivering another quarter of sequential revenue growth, a fifth consecutive quarter of margin expansion, and a solid free cash flow...
News

S&P Global and IHS Markit merger receives conditional approval

OilNOW -
S&P Global and IHS Markit say they have received a conditional Phase 1 approval for their $44 billion merger from the European Commission (EC), marking another significant step toward the combination of these highly complementary companies. "The European Commission's decision...
News

By 2026, 4 FPSOs will deliver 50 million barrels of oil, US$4 billion annually to Guyana – Bharrat

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat, says in the next four to five years Guyana would be well on its way to becoming the “mini-Dubai” of the Caribbean as it will have four oil ships providing considerable production volumes...
News

Brent closes week at $85

OilNOW -
(Reuters) - Oil traded just below multi-year highs on Friday with bullish sentiment about low supplies tamped by concerns from world leaders that demand disruptions from the COVID-19 pandemic may not be over. Brent crude futures rose 92 cents, or...
News

Giant Yellowtail project to cost over GY$1.8 trillion

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) will make a Final Investment Decision (FID) on its fourth project to be developed at the Stabroek Block, at Yellowtail, pending government and environmental approvals. Initial estimates have so far indicated...
News

Consortium signs multi-client agreement for seismic campaigns offshore Suriname

OilNOW -
TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP announced on Wednesday the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the...
1...524525526...1,034Page 525 of 1,034

Latest News

NewsOilNOW -

Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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