News

News

ExxonMobil Guyana names new President as Henson appointed Global VP in Houston

OilNOW -
ExxonMobil Guyana President Rod Henson will be leaving the South American country in the coming months to take up a new position as Vice President, Wells, for ExxonMobil in Houston, with responsibility for all drilling activities around the world. The...
News

Guyana competing for investments and must get its act together – Chamber President

OilNOW -
Political instability is a major deterrent to economic growth and Foreign Direct Investment (FDI) and with competition for financial resources, investors looking to come into Guyana will tend to reconsider their options if an improvement in the country’s political...
News

Aquaterra gets Trinidad & Tobago platform contract

OilNOW -
UK-based Aquaterra Energy, a global offshore engineering solutions provider, has been awarded the FEED (Front End Engineering and Design) contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field, off of the...
Exploration

Factbox: Oil and gas industry delays repairs amid virus lockdown

OilNOW -
(Reuters) - The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say. Below is a...
Exploration

NOCs slashing exploration budgets by over 25% this year

OilNOW -
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three...
News

Tanker arrives to lift Guyana’s second 1 million barrels of Liza Crude

OilNOW -
The oil tanker Sonangol Namibe has arrived offshore Guyana to lift the South American country’s second 1 million barrels of oil from the Liza Destiny FPSO at the Stabroek Block. OilNOW understands the Bahamas flag carrier is expected to begin...
News

Chinese oil demand has reportedly almost rebounded to pre-pandemic levels

OilNOW -
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries, Bloomberg reported Monday. Consumption has rebounded to about 13 million barrels per day, Bloomberg said, citing Chinese energy...
News

Exxon’s expertise, stability will keep Stabroek operations moving – analysts

OilNOW -
Over 175 International Oil Companies, National Oil Companies and independents are cutting CAPEX and OPEX in tune with low oil prices and have slashed CAPEX guidance for 2020 to around US$122 billion as of May 13. This includes US...
News

ExxonMobil acquires 50% stake in Suriname block from Petronas

OilNOW -
Malaysian oil and gas company Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 percent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 per cent...
News

Global oil and gas contract activity reports downtrend – GlobalData

OilNOW -
The global oil and gas industry has witnessed a significant slowdown in the number of oil and gas contracts and contract value, which is largely attributed to the decline in crude oil prices and reduced demand amid the COVID-19...
1...677678679...982Page 678 of 982

Latest News

NewsOilNOW -

Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

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