News

News

CGX looking for ‘new dawn’ in Guyana oil and gas hotspot

OilNOW -
CGX Energy is looking to have its joint venture with Frontera Energy Corporation provide working capital for the company's ongoing commitments on its Berbice, Corentyne and Demerara blocks, through a signing bonus of $33,300,000 paid by Frontera. CGX said on Wednesday...
News

Gunmen kidnap Shell employees, kill police guards in Nigeria

OilNOW -
Gunmen have kidnapped two senior employees of Shell and killed their police escorts in Nigeria's restive Delta region. According to a BBC report, the workers were on Thursday returning from an official trip to Bayelsa state and were on a...
News

Liza Destiny topsides in place; 1st oil possible this year – Hess

OilNOW -
Hess Corporation says work on the 120,000 bpd Liza Destiny is almost complete with commissioning activities underway. The company also said there is a possibility of first oil coming by year-end from the Liza Phase 1 Development project. Speaking to...
News

US Ambassador plugs infrastructure development as Guyana heads to first oil

OilNOW -
One of the areas that Guyana should look at closely, in keeping with the demands of a new oil and gas economy, is the country’s infrastructural development agenda. This was the advice given by US Ambassador to Guyana, Sarah-Ann...
News

Exxon earns $2.4 billion in Q1 2019

OilNOW -
Exxon Mobil Corporation today announced estimated first quarter 2019 earnings of $2.4 billion, or $0.55 per share assuming dilution, compared with $4.7 billion a year earlier. Cash flow from operations and asset sales was $8.4 billion, including proceeds associated...
News

Guyana hits milestone with submission of 1st EITI report

OilNOW -
Guyana’s first Extractive Industries Transparency Initiative (EITI) Annual Report has been successfully submitted to the International Secretariat on the submission deadline of April 25, 2019; a milestone in Guyana’s march to becoming a fully compliant member of the Norway-based...
News

Future oil discoveries at Stabroek could run into billions of barrels

OilNOW -
Hess Corporation, a 30 percent stakeholder in the prolific Stabroek Block offshore Guyana, believes more mega oil deposits are still to be found in the 6.6 million-acre block. “Gross discovered recoverable resources on the block are estimated to be more...
News

Tullow confirms 3-well Guyana campaign

OilNOW -
UK-based Tullow Oil on Thursday confirmed its three-well exploration programme in the South American country of Guyana where US oil major ExxonMobil has already found more than 5.5 billion barrels of oil equivalent in the adjacent block. Tullow plans to...
News

CNOOC releases operations report; Guyana tops company’s discoveries

OilNOW -
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2019. The Company achieved a total net production of 120.1 million barrels of oil equivalent (“BOE”) for the first...
News

Brazil government publishes additional rules regarding massive oil auction

OilNOW -
(Reuters) - Brazil’s government laid out on Wednesday some additional terms regarding a massive oil auction scheduled for later this year, in which it will sell off an oil-producing zone known as the transfer-of-rights area. In an official bulletin, the...
1...826827828...1,017Page 827 of 1,017

Latest News

NewsOilNOW -

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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