News

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...
News

Heavy oil at Orinduik Block becoming more attractive as Venezuela’s supply dwindles – Gil Holzman

OilNOW -
Even though the oil discovered in the Jethro and Joe wells at the Orinduik block turned out to be heavier than expected, one of the partners of the offshore license, Eco Atlantic, is convinced that the attractiveness of the...
News

Regulating the sale of Guyana’s crude oil lifts’ entitlement

Bobby Gossai, Jr. -
This provision is inevitably controversial because it provides for the parties not simply to overlift crude oil that may have been scheduled to be lifted by one party, but for the parties to take a party’s entitlement and sell...
Exploration

Total deploys oil rig to South Africa for rare frontier drilling

OilNOW -
(Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the...
News

Oil can help Guyana feed the region, become leader in renewables – UK High Commissioner

OilNOW -
British High Commissioner to Guyana, Greg Quinn, says the new oil producing country now has a real opportunity to use those revenues to strengthen its agriculture industry making it once again the breadbasket of the Caribbean, and perhaps even...
News

Rystad Energy warns 2nd COVID-19 wave could see oil demand losing another 2.5 million bpd

OilNOW -
As the number of confirmed new COVID-19 cases surges to new global highs of beyond 200,000 per day, a second wave of the pandemic is increasingly apparent in several countries – most notably in the United States. Modelling the...
News

Pirates grab nine Nigerians from BW Offshore FPSO

OilNOW -
At approximately 4:20 am local time on Thursday, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which nine Nigerian nationals were kidnapped. The company said the incident onboard the FPSO has ended and...
1...705706707...1,026Page 706 of 1,026

Latest News

NewsOilNOW -

Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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