News

Exploration

Guyana embarking on countrywide ‘Needs Assessment Survey’ to build oil & gas capacity

OilNOW -
Guyana's Department of Public Service is preparing to embark on a countrywide needs assessment survey, with special focus on the country's emerging oil and gas sector. Minister with responsibility for the South American nation's Public Service, Tabitha Sarabo-Halley, says this...
Exploration

India looking to pursue O&G agreement with Guyana

OilNOW -
With commercial oil and gas exploration commencing in the first quarter of 2020 in Guyana, India has interest in entering into a commercial agreement with the South American country. This is according to the newly accredited Indian High Commissioner to...
News

SBM Offshore signs long-term deal with ExxonMobil for FPSO orders

OilNOW -
Dutch floater specialist SBM Offshore and ExxonMobil have signed a Long-Term Agreement covering potential future FPSO orders. SBM last week delivered the first FPSO – Liza Destiny – for ExxonMobil’s Liza Phase 1 Development project offshore the South American country...
News

Hess will plug 75% of CAPEX in Guyana, Bakken over next 5 years

OilNOW -
The Stabroek Block offshore Guyana is being praised as a transformational investment opportunity for Hess Corporation. The company’s 30 percent stake in the prolific 6.6 million acres block is helping to put it well on its way to increasing...
News

Exxon agrees $4 billion sale of Norway oil and gas assets

OilNOW -
(Reuters) - Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the...
News

CDC looking to test oil spill response plan at upcoming Exercise Tradewinds

OilNOW -
Guyana is preparing to host Exercise Tradewinds in June 2020 and Director General of the Civil Defence Commission (CDC) Lieutenant Colonel Kester Craig wants the operation to feature an oil spill response component. Currently, the CDC is finalizing Guyana's first...
Exploration

Oil contracts signed after Exxon PSA will be reviewed – Guyana Opposition Leader

OilNOW -
Should the opposition People’s Progressive Party Civic (PPP/C) win the upcoming elections in Guyana, efforts will be made to review contracts signed after the ExxonMobil Production Sharing Agreement (PSA) in order to extract more revenue for the South American...
Exploration

Fastest production ramp-up ever undertaken on track for first oil

OilNOW -
Plans are moving along rapidly in South America’s newest oil and gas hotspot for the start of oil production, now just months away. The arrival of the Liza Destiny FPSO in Guyana was announced on August 29, paving the...
News

Brazil senate approves transfer of rights oil settlement with Petrobras

OilNOW -
(Reuters) - Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear way...
News

PCJ confirms discovery of oldest live oil seep in Jamaica

OilNOW -
(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep. PCJ said in a release yesterday...
1...813814815...1,034Page 814 of 1,034

Latest News

NewsOilNOW -

Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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