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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...
News

High costs of transitioning to renewables give Guyana more time to monetize oil – AMI Analyst

OilNOW -
Despite the economic attractiveness of Guyana’s oil sector, the Inter-American Development Bank (IDB) recently issued a warning that the nation’s window of opportunity to properly govern the industry as well as monetize its resources in an efficient manner is...
News

Brazil’s Petrobras targets oil output of 2.7 million b/d by 2025

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras plans to spend $55 billion over the next five years to develop subsalt fields that will boost the company's crude oil output nearly 20% to 2.7 million b/d by 2025, the company...
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Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil 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.

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