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Guyana President briefs US Congressional team on wide-ranging areas of interest during fact-finding mission

OilNOW -
Guyana’s President, David Granger, on Thursday, August 23, met with a visiting delegation comprising Congressmen and other officials from the United States of America at the Ministry of the Presidency, where a number of issues were discussed, and areas...
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Goliat FPSO audit reveals deficiencies

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The Norwegian Petroleum Safety Authority (PSA) has asked Eni to act following an audit in May of the company’s management of emergency preparedness on the Goliat field FPSO in the Barents Sea. According to an August 22, 2018 report in Offshore, this exercise...
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CNOOC H1 profit rises as oil and gas sales increase by 20.5%

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CNOOC Limited on Thursday announced its 2018 interim results for the six months ended June 30, 2018. In the first half of the year, the Company maintained efficient oil and gas production operations with progress and successfully achieved its target. The...
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Saipem’s $275M Constellation pipelay for Liza 2 campaign

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Saipem’s newly acquired US$275M Lewek Constellation vessel will be part of the Italian company’s fleet for the ExxonMobil-led Liza Phase 2 development offshore Guyana. The ultra-deepwater rigid and flexible pipelay heavy lift and construction vessel will join the Saipem FDS2...
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US demand for oil expected to decline through 2022

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US demand for crude petroleum is forecast to see marginal annual declines through 2022, according to Crude Petroleum: United States, a report recently released by Freedonia Focus Reports. This drop will result from lower expected levels of gasoline demand, which...
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BP’s $48.2 billion transformative deal that made history

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Saturday, August 11 marked 20 years since British Petroleum plc announced that it would acquire the American oil giant Amoco. The deal was huge, marking the largest industrial merger at the time and the largest foreign takeover in the...
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Kinley’s well control technology has advanced safety at oilfield operations

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Challenges In the early days of the oil field, blowouts were common, but there were no well control companies around to handle them. Thousands of lives were lost as oil companies struggled to handle dangerous blowouts without the benefits...
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Earthquake Watch: Refineries, O&G installations operating normally in Venezuela and Trinidad

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In wake of a major earthquake measuring 7.3 in magnitude which struck Venezuela’s eastern coast at 5:31 pm on Tuesday, reports indicate that the country's oil refineries and oil fields were operating normally. Officials said there were no immediate reports...
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Saipem secures US$700M in contracts for Liza Phase 2 development in Guyana

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Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana to the tune of 700 million USD. These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil,...
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Conoco to recover $2B in agreement with Venezuela

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ConocoPhillips said it will receive $2 billion in a settlement with Petroleos de Venezuela SA, ending a dispute that’s severely crippled Venezuela’s ability to export the crude oil at the heart of its faltering economy. An international tribunal awarded the amount in...
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Third Local Content Summit billed for April 8 in Guyana

The South American oil-producing nation of Guyana will host its third Local Content Summit on April 8, bringing together...

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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