News

News

Petrobras to supply free cooking gas to low-income Brazilians

OilNOW -
(Reuters) - Brazilian President Jair Bolsonaro said on Friday evening that state-controlled company Petroleo Brasileiro SA, known as Petrobras, has 3 billion reais ($575.5 million) to fund free LPG bottles to low-income people that cannot afford them. Liquified petroleum gas...
News

No recordable incident in over 660 days for crew on Liza Destiny FPSO – Exxon Production Manager

OilNOW -
The team on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel has gone over 660 days with no recordable incident. Production Manager at ExxonMobil Guyana, Mike Ryan, says this is an indication that the team is working in...
News

India’s oil minister opens bid round, Exxon among investors invited to tap huge potential

OilNOW -
(S&P Global Platts) India's oil minister Hardeep Singh Puri opened the bid phase of the third round of Discovered Small Fields (DSF-III) on July 30 and invited foreign investors like BP and ExxonMobil to tap huge potentials offered by...
News

EPA approves additional 60-day period for flaring, payment increased to US$45 per tonne

OilNOW -
The Environmental Protection Agency (EPA) in Guyana has approved an additional 60-day period for flaring of associated gas on the Liza Destiny FPSO for the period July 25 to September 22, 2021. This is to be conducted at a...
News

Close to 100 percent of gas now being reinjected on Liza Destiny FPSO

OilNOW -
The full gas compression system on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel is now operating, ExxonMobil said in an update on Friday. OilNOW understands that the team continues to perform maintenance and optimization activities with the...
News

Exxon reports $4.7B in earnings, plans to increase spending on key projects including Guyana

OilNOW -
Exxon Mobil Corporation announced on Friday estimated second-quarter 2021 earnings of $4.7 billion compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021...
Exploration

WoodMac projects multi-billion-dollar revenues for Guyana as discoveries grow

OilNOW -
The announcement this week by U.S. oil major ExxonMobil that it has discovered more oil off the coast of Guyana further enhances the outlook analysts have had for the new oil producing country. Additional volumes being discovered at the...
News

TotalEnergies aiming to prioritize low carbon intensity in new oil & gas projects

OilNOW -
(S&P Global Platts) France's TotalEnergies will specifically assess the carbon intensity of hydrocarbon projects while deciding on investment plans, as part of its ambitious decarbonization strategy, the company's CEO and Chairman Patrick Pouyanne said July 29. Pouyanne, speaking on a...
News

Guyana government moving to strengthen private proprietary interests related to land under Petroleum Act

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, will introduce and provide first reading of the 'Petroleum (Exploration and Production) (Amendment) Bill 2021' in the National Assembly on August 3. The Bill seeks to amend section 52 of the Petroleum (Exploration...
Exploration

More oil for Suriname: TotalEnergies and Apache announce new discovery

OilNOW -
TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara...
1...548549550...1,025Page 549 of 1,025

Latest News

NewsOilNOW -

Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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