News

News

Near future multiple FPSO projects to have lasting impact on Guyana development – Tina Riley

OilNOW -
From Ranger in the North-West to Haimara in the South-East, the more than 8 billion barrels of oil equivalent resources found to date at the prolific Stabroek Block offshore Guyana will lead in the transformation of the South American...
News

Guyana oil minister set to talk at Madrid Energy Conference this week

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, will be the key speaker on a panel discussion at the Madrid Energy Virtual Conference (MEC2020) set to take place this week. The panel discussion will focus on institutional strategy for regulation...
News

Tankers lifting Liza Crude required to comply with Guyana’s pandemic measures

OilNOW -
New oil producer Guyana continues to take precautionary measures at offshore installations in response to the global pandemic which has seen tankers lifting the Liza crude being required to arrive well ahead of time for each lift, in keeping...
News

Saipem Guyana operations supported by 80 percent local workforce – Managing Director

OilNOW -
Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a country office with 80 percent of its workforce now being Guyanese. Saipem has been awarded contracts by ExxonMobil for the Engineering, Procuring, Construction...
News

E&P companies took up combined debt of $72 billion in Q2 2020 – EIA analysis

OilNOW -
The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among Exploration and Production (E&P) companies spiked during the second quarter of 2020 illustrating the immediate impact of reduced oil demand and prices...
News

Costly effects of pandemic make Paris Agreement 2050 targets unlikely – Wood Mackenzie

OilNOW -
In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP), is earmarked for responding to the effects of the pandemic over the next 12-18 months and not climate change, it is highly...
News

ExxonMobil empowering Guyanese women through global training programme

OilNOW -
Several Guyanese women who have participated in the Global Women in Management (GWIM) training programme, funded by the ExxonMobil Foundation, have taken the lessons learned back into their communities across the new oil producing South American country. ExxonMobil Guyana said...
News

Exxon shortlists bidders for multi-billion dollar assets sale in Malaysia

OilNOW -
(Bloomberg) --Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter. U.K.-listed EnQuest Plc and...
News

BP share price drops to 25-year low a week after it revealed plans to pursue clean energy

OilNOW -
(Bloomberg) --Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.        Chief Executive Officer Bernard Looney and his new management team gave more than 10...
News

Guyana stands to gain despite notable shifts in global market – API’s Chief Economist

OilNOW -
Over the past few months, some of the world’s largest oil and gas companies have disclosed plans to make a considerable shift towards renewables, a path that has been resisted for years due to the sheer unattractiveness of the...
1...624625626...982Page 625 of 982

Latest News

NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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