News

News

Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

OilNOW -
The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil and gas industry. In fact, since the first discovery in 2015 when it became apparent...
News

Governments in developing countries not ready to ‘kill off’ upstream investment – WoodMac

OilNOW -
Governments have a lot to think about in 2021 says UK-based global consultancy group, Wood Mackenzie. Tougher fiscal terms could put countries at the sharp end of the energy transition – but support for upstream sectors could also remain...
News

Higher fluids sales in Guyana help bump up Halliburton Latin America revenue

OilNOW -
Halliburton reported quarterly results on Tuesday that exceeded analysts’ expectations posting a profit of 18 cents per share on revenue of $3.24 billion for the fourth quarter (Q4) of 2020. According to Refinitiv, analysts expected earnings per share of 15...
News

Norway issues 61 new licences for oil and gas exploration activities

OilNOW -
Thirty companies have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020, the Norwegian Petroleum Directorate said on Tuesday. The authorities assessed applications from a...
News

Energy Chamber looking to play major role in Guyana oil & gas development

OilNOW -
The Guyana Oil and Gas Energy Chamber (GOGEC) says it plans to play a major role in the development of the country’s oil and gas sector and will be ramping up activities this year to focus on local content...
News

Groups plan to press Biden to reverse ban on Venezuela fuel swaps

OilNOW -
(Reuters) - Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps. The Trump administration...
News

Exxon targeting over a dozen wells, ramping up drill capacity offshore Guyana this year – Routledge

OilNOW -
A flurry of activity is expected offshore Guyana this year as U.S. oil major ExxonMobil ramps up its search for even more hydrocarbons, targeting deeper and risker prospects. The company has also confirmed that it will be boosting its drill...
News

Oil demand will continue to climb says analyst, sees 50-year window for Guyana

OilNOW -
Following the devastating effects of the coronavirus pandemic on the oil industry, multiple stakeholders have posited that the sector would never see pre-2019 oil demand again. They say too that the demand is tempered by the fact that more...
News

Maersk Drilling bags double-rig 500-day contracts for Suriname forays

OilNOW -
Based on the previously announced Conditional Letter of Award, Maersk Drilling said on Sunday that it has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and...
News

Oil falls as concerns mount over rising coronavirus cases in China

OilNOW -
(S&P Global Platts) Crude oil futures tumbled during the mid-morning trade in Asia January 18, as rising coronavirus cases in China raised fresh demand-side concerns, while the spread of mutated strains of the virus also weighed down sentiment in...
1...624625626...1,027Page 625 of 1,027

Latest News

NewsOilNOW -

High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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