News

News

Orinduik partners advancing license in search of more oil offshore Guyana

OilNOW -
The Joint Venture partners at the 1,800km2 Orinduik Block offshore Guyana have opted to enter the next exploration phase of the Orinduik Petroleum Agreement and have since submitted their official notice to the South American country’s Department of Energy. The JV...
News

Data from dry holes ‘sharpen chances of success’ in future exploration – Staatsolie

OilNOW -
Despite encountering 6 dry holes in its Nearshore Drilling Project (NSD), Suriname state oil company Staatsolie says the campaign allowed for valuable data to be collected which could play a key role in ultimately hitting pay offshore the Dutch-speaking...
News

Brazil will drill massive oil find despite climate concerns: minister

OilNOW -
(Reuters) - Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday. Brazil’s Mines and...
Exploration

Maximising local content, developing Guyanese workforce are top priorities – SBM Offshore

OilNOW -
SBM Offshore says it remains committed to building the capacity of its Guyanese workforce as part of plans to become fully integrated in the South American country. These objectives were emphasised at the second annual Guyana International Petroleum Exhibition (GIPEX),...
News

Tullow executives quit as production falls below expectations

OilNOW -
UK-based Tullow Oil said on Monday Paul McDade, Chief Executive Officer, and Angus McCoss, Exploration Director, have resigned from the Board by mutual agreement and with immediate effect. This comes as the company reported that while its financial performance...
News

Guyana discoveries among largest for 2019

OilNOW -
Major offshore discoveries this year include countries as diverse as Russia, Cyprus, South Africa, Malaysia and Guyana. The majority of major discoveries so far this year have been in the offshore sector with over half being deep-water finds, VesselsValue,...
News

ExxonMobil ramps up search for more hydrocarbons offshore Guyana

OilNOW -
As US oil major ExxonMobil, operator at the 6.6 million acres Stabroek Block, prepares for first oil in the South American country of Guyana, the company is also ramping up its search for more hydrocarbons with a number of...
News

Mexico’s Pemex announces giant oil discovery

OilNOW -
Mexican state-owned petroleum company Petróleos Mexicanos (Pemex) announced on Friday the discovery of the Sen field in Nacajuca, Tabasco, with 536 million barrels of oil equivalent. General Director of Pemex, Octavio Romero Oropeza, informed Mexican President, Andrés Manuel López Obrador that three other...
Exploration

Guyana on verge of first oil and new era of hope

OilNOW -
Barring unfavourable weather conditions or other factors that could result in a delay, the South American country of Guyana could now be just weeks away from producing its first barrel of oil, thereby ushering in a new era of...
News

SBM Offshore moving ahead with 2 more hulls under Fast4Ward® programme

OilNOW -
SBM Offshore said Thursday it has signed contracts for the construction of the Company’s fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls. The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd....
1...735736737...983Page 736 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