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Apache records $170M loss in Q3 as Suriname oil search ramps up

OilNOW -
US-based Apache Corporation has reported a quarterly loss of $170 million or $0.45 per diluted common share for the third quarter of 2019. “During the third quarter, adjusted production exceeded guidance while capital expenditures remained on pace with our full-year...
News

Progress in coming weeks critical to early oil production – ExxonMobil

OilNOW -
Several factors over the coming weeks will play a critical role in the timetable for production of the first barrel of oil from the Liza Phase 1 Development at the Stabroek Block offshore the South American country of Guyana. Initially...
Exploration

Extensive logging exercise ongoing at Ranger 2 well

OilNOW -
Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and map out future targets. Hess corporation, a 30% co-venturer on the block, provided an update on...
News

Technip Energies will be the future name of SpinCo – TechnipFMC

OilNOW -
TechnipFMC said on Thursday a new and important step has been taken in the process of launching the leading engineering and construction (E&C) player – Technip Energies – which is poised to capitalize on the global energy transition, as...
News

Total sells offshore block to Shell for $300 million

OilNOW -
Total said on Wednesday it has signed an agreement to sell its wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei —...
News

Guyana oil production targeted for possible December start-up

OilNOW -
Oil production in the South American country of Guyana is targeted for a possible December start-up at the Liza Phase 1 Development, months ahead of the originally planned timeline of QI 2020. The Liza field sits in the giant 6.6...
News

Guyana revenue take will increase as oil production climbs

OilNOW -
The projected revenues the South American country of Guyana is set to receive from oil production have been steadily growing since approval of the first offshore development at the giant Liza field. The Liza Phase 1 Development, sanctioned in June...
News

The surprising winner of the oil & gas exploration race

OilNOW -
(Oil Price) Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and natural gas finds made around the world, data and analytics company GlobalData said in a new...
News

BP eyes Brazil gas buildout, may swap LNG imports for domestic output

OilNOW -
(Reuters) BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be...
News

Hess strikes oil in deepwater Gulf of Mexico

OilNOW -
Hess Corporation (NYSE:HES), a 30 percent co-venturer in Guyana’s Stabroek Block, on Tuesday announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled in 4,609 feet (1,405...
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Latest News

NewsShikema Dey -

Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production,...

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.

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