News

Exploration

Eco Atlantic increases acreage in Namibia, remains focused on world class Guyana basin

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said Monday it has successfully negotiated the reissuance of four licences in the Walvis Basin, offshore Namibia conditional to customary final government signature. The company was awarded four new Petroleum Exploration Licenses (PEL) on its existing offshore blocks,...
News

Oil companies drill where data is most promising, but Liza and Tanager show results could vary

OilNOW -
Back in 2015, ExxonMobil made the decision to begin drilling for oil in Guyana at Liza-1 since this prospect was the biggest and best, based on data analysed by the company. Several elements need to line up in order to...
News

Saipem pledges support for Women Empowerment Principles

OilNOW -
Italian multinational oilfield services company Saipem has signed the declaration of support for the Women Empowerment Principles (WEP) and the Manifesto for female employment of the Valore D association. The company, a prime contractor for ExxonMobil’s Stabroek block developments in...
News

Non consensus yet from OPEC+ on 2021 oil policy

OilNOW -
(Reuters) - OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial meetings on Monday and Tuesday, four OPEC+...
News

ExxonMobil looking for suppliers for its fiber optic cable project

OilNOW -
ExxonMobil Guyana is looking for suppliers to provide onshore installation services for its high-speed fibre-optic/wireless transport project. The company said in a public notice it was seeking to identify suppliers who can provide ‘onshore underground fiber optic cable survey and...
News

Dreams of oil riches and prosperous times could be dashed when expectations are unrealistic

OilNOW -
Transforming billions of barrels of oil resources deep beneath the surface into cash in hand which can be used to directly benefit a country and its people comes with a multitude of challenges, which if overlooked, can see the...
News

Former oil executives get prison sentence in Venezuela, US calls for their release

OilNOW -
(Reuters) - A Venezuelan court sentenced six former executives of U.S. refiner Citgo to prison after finding them guilty of corruption charges on Thursday. The officials were arrested in November 2017 after being called into a meeting at the Caracas...
News

Guyana government mulling overseas training in oil and gas for ‘hundreds of the brightest students’

OilNOW -
Authorities in Guyana are looking to build a local group of core professionals that would ultimately take over the management of the oil and gas sector. This could see hundreds of Guyanese students being sent overseas to acquire the...
Exploration

CGX Energy gets 1-year extension on deadline to drill Guyana well

OilNOW -
CGX Energy has been granted a one-year extension on its schedule to drill a well on its Corentyne block offshore Guyana. The company along with Joint Venture (JV) partner Frontera Energy Corporation said Friday discussions with the Guyana government were...
News

Oil Plus looking to bring North Sea experience to South America’s newest crude producer

OilNOW -
Rockway Oilfields Services (ROS) has entered a strategic alliance with global oil and gas support company, Oil Plus Ltd, to provide oilfield solutions in the areas of Production Chemistry and Microbiology, Maintenance and Asset integrity and Process Engineering solutions. Founded...
1...610611612...993Page 611 of 993

Latest News

NewsOilNOW -

Afreximbank and Suriname to launch US$5B local content facility

PARAMARIBO, Suriname — African Export-Import Bank (Afreximbank) will partner with the Government of Suriname to establish a US$5 billion...

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