News

News

SBM is successful bidder for five Brazilian FPSOs

OilNOW -
SBM Offshore said on Friday it is the successful bidder for the interests held by Brazil’s Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. The company said completion of the transaction remains subject to various conditions...
News

TT bank positioning itself for Guyana’s oil windfall

OilNOW -
A Trinidad and Tobago financial institution — First Citizens Bank — is looking to service Guyana’s Oil and Gas industry. This, as Guyana’s prospects increase, and the South American nation moves closer to first oil by 2020. The Bank expressed...
News

SBM secures US$1.14B financing for Liza Unity FPSO from consortium of 9 international banks

OilNOW -
SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...
News

BHP hits pay in Trinidad while encountering dry hole at other prospect

OilNOW -
Australian based petroleum company BHP said on Thursday it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago. The company drilled two additional exploration wells at its...
News

Guyana prepping for 2nd EITI report

OilNOW -
Guyana is in the process of recruiting an Independent Administrator to prepare the country’s second report, which will be submitted to the international secretariat of the Extractive Industries Transparency Initiative (EITI). This is according to National Coordinator of EITI Guyana,...
News

No choice but to invest in oil – Shell CEO says

OilNOW -
Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters,...
News

Veolia to provide seawater treatment package for Liza Unity FPSO

OilNOW -
Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be...
News

TT Energy Chamber set to host 2nd safety forum in Guyana

OilNOW -
The Energy Chamber of Trinidad and Tobago is getting ready to host the second Guyana Safety Forum set to take place on the outskirts of Georgetown on Wednesday, October 16 at the Arthur Chung Conference Centre. Under the theme “Building...
News

Exxon, Chevron and Shell among big oil leaders taking on climate challenge

OilNOW -
When world leaders gathered in New York for the UN General Assembly last month, the news headlines focused on the impassioned speech by Greta Thunberg, the 16-year-old Swedish activist who has galvanised young people’s climate change protests around the world. From...
News

US crude exports to double by 2022

OilNOW -
US crude exports could grow from current levels of 2.9 million barrels per day (bpd) to nearly 6 million bpd by 2022, according to a new forecast from Rystad Energy. With US production expected to increase by 1.2 million bpd...
1...795796797...1,028Page 796 of 1,028

Latest News

NewsOilNOW -

Baker Hughes backlog hits record US$32.1 billion as LNG, offshore orders surge

Baker Hughes has reported a record $32.1 billion backlog in the third quarter of 2025, driven by strong orders...

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