News

News

Massive discovered resource opportunities on offer in Brazil 2019 pre-salt bid rounds

OilNOW -
The forthcoming three-round licensing bonanza of Brazil’s pre-salt acreage includes four massive discovered resource opportunities (DROs) sandwiched between two high-profile exploration rounds.  Timing for this round is set for November 6, 2019, industry analyst Wood Mackenzie said in a...
News

ExxonMobil partners with University of Guyana for roll-out of ‘clean energy’ machine

OilNOW -
The University of Guyana’s (UG) Faculty of Agriculture on Monday commissioned a gasifier machine that will have the capacity to produce 10-12kWatts of clean energy and will be used for research in the production of other biomass materials. The project,...
News

One oil major walked away, 20 companies said no to Guyana exploration

OilNOW -
The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill campaign that saw the largest discovery for that year being made at the Liza field....
News

Orinduik explorers targeting 220 million barrels of oil at Jethro-Lobe

OilNOW -
Explorers in the 1800km2 Orinduik Block, situated in shallow water (70 – 1,400m), 170 km offshore Guyana, are targeting around 220 million barrels of oil at the first wildcat well currently being drilled – Jethro-Lobe. Orinduik is located adjacent to...
News

China will determine the future of Venezuela

OilNOW -
(Al Jazeera) On January 23, when US-backed opposition leader Juan Guaido declared himself interim president of Venezuela, he thought deposing President Nicolas Maduro from power would be easy. He had a simple, three-thronged plan: declare Maduro's presidency illegitimate by exposing...
News

Two years on: Exxon business centre on a mission to make access to training easier

OilNOW -
The Centre for Local Business Development (CLBD), which was established back in July 2017 to help build the capacity of Guyanese businesses to better position themselves for the oil and gas industry, is on a mission to make training...
News

Caracas threatens to seize Chevron oil assets

OilNOW -
Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media organization, Argus. The waiver issued as a general license by the US Treasury Department on 28 January allowed...
News

Discoveries up 35% – Guyana oil strikes propelling uptick

OilNOW -
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad...
News

Another major player in the O&G industry sets up shop in Guyana hotspot

OilNOW -
Harvey Gulf International Marine Inc. has established its newest country office in Guyana. On Wednesday, July 10, 2019, Harvey Gulf’s local office, Guyana Offshore Vessel Services Inc, held a reception to celebrate the occasion in front of their building...
News

Guyanese businesses urged to push for meaningful participation in O&G

OilNOW -
Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American...
1...787788789...997Page 788 of 997

Latest News

NewsOilNOW -

Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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