News

News

Permian operators must drill more wells to maintain current production levels – IHS Markit

OilNOW -
Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels and even more to grow production, owing to the...
Exploration

SBM Offshore firms up contract with Petrobras for FPSO Sepetiba

OilNOW -
SBM Offshore said on Wednesday it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Sepetiba (formerly known as Mero 2). These contracts follow the signing of the binding Letter of...
News

Saudi Aramco touches $2 trillion in value on second day of trading

OilNOW -
(The Guardian) Saudi Aramco has touched a market value of $2tn a day after the Saudi state-backed oil company made its stock market debut. The shares rose almost 10% at the open on the second day of trade on Riyadh’s Tadawul...
News

Oil produced in Guyana will be sold at market price – ExxonMobil

OilNOW -
Oil being produced in Guyana will be sold at market price in keeping with the standard practice for marketing crude around the world. “Crude oil around the globe is sold via the market price, so whatever the market allows –...
News

Iwokrama, UG ink MOU for PhD scholarship through ExxonMobil funded science programme

OilNOW -
The Iwokrama International Centre said on Wednesday that it has signed an MOU with the University of Guyana (UG) to support a PhD scholarship at that institution under a science programme funded by ExxonMobil. The student, Arianne Harris, will work...
News

ExxonMobil will not be making contributions to political parties in Guyana – Deedra Moe

OilNOW -
As the South American country of Guyana prepares for elections, set to take place on March 2, 2020, ExxonMobil, operator at the Stabroek Block where oil production could begin within days, is making it clear that it will not...
News

Operationalisation of wealth fund vital when oil production begins – Global Data Analyst

OilNOW -
The need for Guyana’s Natural Resources Fund (NRF) to be operational when revenues begin flowing to the country from oil production is being emphasized by an analyst at Global Data who says this ensures transparency and guarantees the correct...
News

Not enough to expect “rising tide will lift all ships” – Guyanese Economist

OilNOW -
As Guyana is now on the verge of becoming an oil producer resulting in billions of dollars in revenue flowing to the state in coming years, an economist is warning that it is not enough to merely expect that...
News

America blows past the world in oil and natural gas

OilNOW -
(AXIOS) America is poised to produce far more oil and natural gas over the next five years than any other country in the world, according to a new report. Why it matters: It shows how America, already the world’s largest...
News

Exxon found not guilty in New York climate-change securities fraud trial, ending 4-year saga

OilNOW -
(CNBC) New York’s Attorney General failed to prove that Exxon mislead shareholders over the true cost of climate change, a judge ruled Tuesday, ending the oil giant’s multiyear battle against the state. “The Office of the Attorney General failed to prove, by...
1...734735736...983Page 735 of 983

Latest News

NewsOilNOW -

Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Wednesday

The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian...

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