News

News

75% of targets at Orinduik block hold 3 billion barrels worth of light oil – Holzman

OilNOW -
Even though the market has expressed disappointment in the heavy oil found in the Jethro and Joe wells at the Orinduik block, it should bear in mind that three-quarter of the prospects are in the Cretaceous play says Gil...
News

Brazil’s Petrobras begins decommissioning offshore platform in Campos Basin

OilNOW -
Brazilian state oil company Petrobras says it has begun the decommissioning of the P-12 platform in the Campos Basin and will also be moving to decommission the P-07 and P-15 platforms as well as the FPSO Piranema, this year. According...
News

Eni warns of impairments as it lowers future oil price estimates

OilNOW -
(Bloomberg) - Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry. Eni now sees benchmark Brent crude at $60 a barrel in 2023 real...
News

Apache gets discovery of the year award for Suriname’s Maka Central oil strike

OilNOW -
US independent Apache Corporation has scooped up the discovery of the year award for its Maka Central-1 oil strike off the coast of Suriname, announced on January 7. The award was made in conjunction with Wood Mackenzie’s industry-leading annual Exploration...
News

Ten indigenous communities in Guyana get sanitization materials with support from ExxonMobil

OilNOW -
ExxonMobil Guyana and the Iwokrama International Centre have joined forces to provide 10 indigenous communities with cleaning and sanitization materials to help them through the COVID-19 pandemic. Iwokrama said the hand sanitizers, liquid soap, detergent and face masks that were...
News

Oil prices fall on demand concerns from U.S. coronavirus case surge

OilNOW -
(Reuters) - Oil prices fell on Tuesday, erasing earlier gains, on concerns that the surge in coronavirus cases in the United States, the world’s biggest oil user, will limit a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude...
News

Saipem secures US$325 million contract for Búzios pre-salt field in Brazil

OilNOW -
Italian multinational oilfield services company Saipem said on Monday it has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in water depths from 1537 to 2190 meters, offshore...
News

Brent oil advances

OilNOW -
(Bloomberg) -- Brent crude rose in Asia as some economic data pointed to signs of recovery, though rising virus infections across the globe clouded the outlook for demand. Futures in London climbed 0.6%, after gaining 4.3% last week after buoyant U.S. labor...
News

Over 2,400 Guyanese suppliers now accessing O&G procurement opportunities

OilNOW -
More than 2,400 Guyanese businesses are now registered on the Centre for Local Business Development’s (CLBD) Supplier Registration Portal where they are able to access procurement opportunities in the oil and gas sector. Since the start of operations in July...
News

Guyana oil potential remains strong, but country must avoid becoming another Venezuela

OilNOW -
Venezuela, the country with the largest proven oil reserves in the world, continues to experience a rapid decline in output, reaching just around 300,000 b/d at the start of July – the lowest in several decades. The United States Congressional...
1...675676677...997Page 676 of 997

Latest News

NewsOilNOW -

Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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