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Investors urge Big Oil to follow ‘poster child’ Repsol’s climate pledge

OilNOW -
(Reuters) - Investors cheered Spanish group Repsol’s pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change. The...
News

Apache’s stock plunges to 18-year low on Suriname well disappointment

OilNOW -
Shares of Apache Corp. plunged on Monday, closing at the lowest price seen in 18 years, after the oil and natural gas producer provided a disappointing update of its first exploratory well in Block 58 offshore Suriname. MarketWatch said on...
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Indian energy-based company seeking Guyanese joint venture

OilNOW -
Uttam Energy Limited (UEL), based in Pune, Maharashtra, India is seeking a joint venture with companies in the civil construction industry in Guyana. The company says it offers “the highest quality, most technologically advanced, and the most reliable solutions” in...
News

400 students participate in ExxonMobil supported STEM conference

OilNOW -
ExxonMobil Guyana partnered with the Volunteer Youth Corps (VYC) Inc. on Saturday to stage the 7th STEM Conference held at the Ramada Hotel in the country’s capital, Georgetown. The company said this latest collaboration with VYC is part of its...
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Indonesia considers allowing for production sharing oil and gas contracts options

OilNOW -
(Reuters) - Indonesia is considering letting energy companies stick with the “cost recovery” system for oil and gas production sharing contracts, the energy minister said on Monday, after the government decided to adopt a new scheme in 2017. In 2017,...
Exploration

Apache to drill deeper at Maka-1 wildcat offshore Suriname

OilNOW -
Apache Corporation (NYSE, Nasdaq: APA) said Monday upon reaching a depth of approximately 6,200 meters at the Maka Central - 1 well offshore Suriname at Block 58, the company elected to conduct various testing activities in two distinct Upper Cretaceous...
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US$120 billion in oil revenue is not the same as ‘nothing’ – Trotman

OilNOW -
Guyana’s Minister of Natural Resources Raphael Trotman says the South American country is set to receive billions of dollars in oil revenue and one of the most important discussions that should be taking place is how that windfall will...
News

Suriname nearshore drilling project ends with six dry holes

OilNOW -
Suriname state oil company Staatsolie has ended its Nearshore Drilling project which got underway in April, after encountering 6 dry holes off the country’s coast. While no commercial oil discovery was made, valuable data has been collected, Staatsolie said,...
News

Saipem awarded three-quarter billion euros in contracts for offshore wind farms

OilNOW -
Saipem has been awarded a contract by the French company EDF Renewables for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland. This is the first turn-key project awarded to Saipem in the offshore wind farm sector....
News

OilNOW awarded by business chamber in Guyana

OilNOW -
Guyanese-owned and operated online platform OilNOW has received its second award in three months in recognition of coverage being provided on the country’s emerging oil and gas industry and related business activities. The most recent award was handed over by...
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Technip Energies highlights collaborative role in GranMorgu FPSO project

PARAMARIBO, SURINAME  - In an exclusive interview with OilNOW during the Suriname Energy, Oil & Gas Summit (SEOGS) 2025,...

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