News

News

Possible oil reserves upsized for Jamaica

OilNOW -
The probability of finding oil offshore Jamaica improved to a one-in-five chance of success, based on an independent report utilising 3D data, the Jamaica Gleaner reported on Wednesday. The 2019 report also upsized the 2017 baseline estimates of the quantity...
News

Kazakh leader orders $3.6 billion pre-election oil fund draw-down

OilNOW -
ASTANA (Reuters) - Kazakh President Nursultan Nazarbayev ordered his government on Wednesday to tap the country’s rainy-day fund for $3.6 billion in order to boost public sector salaries and social aid payouts and develop housing and infrastructure. Nazarbayev, who has...
News

AmCham aiming to attract foreign investment to Guyana at upcoming NY forum

OilNOW -
The Guyana affiliate of the American Chamber of Commerce (AmCham) will be hosting a Business Forum and Outreach with members of the business community in New York on March 2 at the Inter-Continental Hotel at Times Square. The forum was...
Exploration

Guyana discoveries help ExxonMobil add 4.5 billion barrels to its reserves

OilNOW -
ExxonMobil said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. The company said continuing success in exploration and strategic acquisitions in Guyana and Brazil have...
News

Department of Energy officials could soon have to declare assets – Integrity Commission

OilNOW -
The Integrity Commission in Guyana which is tasked with combating corruption in public office, is looking to add officials from the Department of Energy to its list of persons required to declare their assets. Assets, according to the Integrity Commission,...
News

Fourth batch of young Guyanese certified in oil and gas safety

OilNOW -
A total of 25 Guyanese, including three women, graduated from the TOTALTEC Academy on February 21, 2019, bringing the number of persons to complete the one-year old programme to over 100. The graduating class is now trained and ready to...
News

Half-billion dollars of sanction-stained oil sits off Venezuela

OilNOW -
(Bloomberg) Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil. Tankers holding 8.36 million barrels of...
News

ExxonMobil encouraging girls to pursue careers in engineering

OilNOW -
More than 1,000 middle-school girls in the United States have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career. Over several days, employees from ExxonMobil and its subsidiary...
News

Pence says ‘it’s time’ for action against Maduro

OilNOW -
(CNN) Vice President Mike Pence said the US will impose additional sanctions on Venezuelan leaders and pledged more aid to the region as he called on nations to do more to confront embattled President Nicolas Maduro's government. "To leaders around...
News

Liza 2 among global O&G projects pushing big volumes for 2019

OilNOW -
A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could see sanctioned volumes of oil and gas nearly triple compared to last year’s tally. Rystad...
1...800801802...978Page 801 of 978

Latest News

NewsOilNOW -

Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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