News

News

UK oilfield services company moves into Guyana market as oil industry takes off

OilNOW -
Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, announced a strategic partnership agreement today with Global Oilfield Services Inc, for the supply of offshore containers and equipment to support the growing energy market in...
News

Tanker to lift Guyana’s first share of Liza crude arrives

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said on Wednesday the Greece-registered crude oil tanker, Cap Philippe, which will lift Guyana’s first one million barrel crude entitlement, will arrive in the country’s waters on Thursday, February...
News

Kosmos increases reserves 7th year in a row

OilNOW -
Kosmos Energy (NYSE/LSE: KOS) said Wednesday the total 1P reserves at year end 2019 were approximately 169 million barrels of oil equivalent (MMBoe) and 2P reserves were approximately 552 MMBoe. In addition, following the recent signing of the Sale and Purchase...
News

Law firms contracted to boost legal framework governing O&G in Guyana

OilNOW -
US law firm Hunton Andrews Kurth LLP and Guyanese Cameron and Shepherd, the oldest law firm in the South American country, have been awarded a contract by the Department of Energy to boost the legal framework for the oil...
News

Tullow, partners to assess future of Guyana’s heavy oil block

OilNOW -
(S&P Global) Tullow Oil plans to assess the future potential of heavy oil finds off Guyana in the coming days, block partner Eco Atlantic said, three months after details of the viscous crude discoveries cast doubt over the commerciality...
News

Chevron ramps up production in Venezuela

OilNOW -
Chevron Corporation has increased production at a key Venezuela oil project to levels not seen in almost a year, despite US sanctions aimed at crippling the regime of embattled President Nicolas Maduro. According to a Bloomberg report, Chevron has kept...
News

TechnipFMC warns of impairment impact

OilNOW -
(Market Watch) TechnipFMC PLC (FTI.FR) said late Monday in its preliminary results that revenue for the full year is expected to meet guidance and that it expects impairment charges to impact the fourth quarter. The London-based oil-and-gas company said revenues...
News

Coronavirus to completely wipe out projected Q1 2020 global oil demand growth – Rystad Energy

OilNOW -
The coronavirus epidemic in China is expected to have a significant impact on global oil demand growth in coming months, according to a new report from Rystad Energy. The virus has triggered restrictions in the country’s public transport and air...
News

Still early days to determine full volume of gas at Stabroek Block – Dr. Bynoe

OilNOW -
As discussions continue in the South American country of Guyana on the prospect of bringing gas to shore, the country’s Department of Energy said while this project could come on stream as early as 2023, the full volume of...
News

Payara review progressing well – approval expected after elections

OilNOW -
Review of the Field Development Plan for the proposed 220,000 barrels per day Payara Development Project offshore the South American country of Guyana is progressing well with approval likely to come after the country’s March 2 elections. “The Department of...
1...747748749...1,017Page 748 of 1,017

Latest News

Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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