News

News

Guyana FPSO contributes to 16% revenue increase for SBM Offshore

OilNOW -
Dutch floater specialist SBM Offshore is reporting a 16 percent increase in revenues for Q3 2020 when compared to the same period last year and this is being attributed in part to higher Lease and Operate earnings from the...
News

ExxonMobil’s lone diving contractor in Guyana inks deal for provision of subsea services

OilNOW -
Aqueos Corporation and AGT Energy Group Inc., on Wednesday, inked a Memorandum of Understanding (MoU) to provide subsea and other marine services to Guyana’s growing oil and gas sector. Aqueos said in a press release it currently has a five-year...
News

Upcoming oil summit focusing big on local content, women’s involvement in the sector

OilNOW -
The Guyana Oil and Gas Virtual Summit, which is slated for December 1-3, 2020 will be placing keen focus on local content and increasing the participation of women in Guyana’s oil and gas sector. Organised by CWC/Global Future Energy Limited...
News

Guyana government plans to invite EOIs for mega deepwater harbour

OilNOW -
The Government of Guyana is pursuing the development of a deepwater harbour in the Berbice area to accommodate large vessels and provide the infrastructure needed to support oil and gas operations and the growing business activities in the South...
News

Establishing local content law is popular with citizens, but not always effective – AMI analyst

OilNOW -
An expert at Americas Market Intelligence (AMI) says oil firms operating in Guyana and government should meet regularly, in good faith, to discuss constraints facing the companies in the country and develop long-term targets and commitments that go beyond...
News

Post pandemic oil and gas opportunities will far outweigh challenges, says ADNOC CEO

OilNOW -
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2020 Virtual – the world's biggest online gathering of oil and gas industry leaders – opened on Tuesday with a bullish forecast for the sector to emerge stronger from the...
News

Refining sector braces for “great shakeout” as demand destruction delivers blow

OilNOW -
Demand destruction wrought by the impacts of the global pandemic is precipitating rapid rationalization in the refining sector as the industry adjusts the level of refining capacity needed compared to what had been expected prior to the pandemic, IHS...
News

ExxonMobil set to spud ‘Liza look alike’ in first campaign at Guyana’s Canje block

OilNOW -
The first exploration well at the Canje block offshore Guyana will be drilled by the end of the year, ExxonMobil has confirmed. The well - Bulletwood-1- has been described by analysts as a ‘Liza look alike’ with a target...
News

Dated Brent boosted by vaccine news a month ahead of Guyana’s final oil lift for 2020

OilNOW -
Rare positive news amid the coronavirus pandemic pushed crude oil flat prices, including the flat price Dated Brent benchmark, sharply higher on Monday, although physical differentials remained stuck in negative territory for some BFOET grades, S&P Global said in...
News

Oil rises on hopes for COVID-19 vaccine, declining U.S. crude stocks

OilNOW -
(Reuters) - Oil prices climbed on Wednesday as hopes of an effective COVID-19 vaccine continued to bolster sentiment and an industry report showed U.S. crude inventories fell more than expected. Brent crude rose $1.17, or 2.7%, to $44.78 a barrel at...
1...653654655...1,029Page 654 of 1,029

Latest News

NewsOilNOW -

Energy Chamber urges gas independence amid Venezuela’s suspension of energy deals

The Energy Chamber of Trinidad and Tobago is urging the government to accelerate efforts to boost domestic gas production...

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