News

News

Pluspetrol farms into Suriname

OilNOW -
Buenos Aires-based Pluspetrol has taken further action to increase its holdings in Suriname. According to Suriname's state oil company Staatsolie, Tullow Oil has transferred a part of its interest in the production sharing contract (PSC) for offshore block 62 to...
News

Venezuela pledges to honor oil commitments to Cuba despite sanctions

OilNOW -
(Reuters) - Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from the South American country to its ideological ally, Foreign Minister Jorge Arreaza said on Monday. Washington on Friday imposed sanctions on 34 vessels...
News

‘Total culture shift’ needed if Guyanese are to fully benefit from O&G – Dr. Bynoe

OilNOW -
Speaking to a capacity audience on Friday evening at the Revealed Word Christian Centre in Kitty, Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe told those gathered that winning a contract is not the only way...
News

Stabroek 3D/4D survey expanded as Exxon set to begin baseline study at Kaieteur

OilNOW -
A 3D/4D seismic survey currently being conducted in the southeastern portion of the Stabroek Block has been expanded to include the Payara area. The survey, which covers an area of around 1,260 square kilometers, is expected to continue until...
News

US to sanction 34 vessels transporting oil from Venezuela to Cuba

OilNOW -
US sanctions will hit 34 vessels owned or operated by Venezuela state oil company PDVSA and two companies which are transporting crude to Cuba. This is according to Vice President Mike Pence who said on Friday "Venezuela's oil belongs to...
News

Oil prices could average $62 by the time Guyana begins production

OilNOW -
Fitch Ratings, one of the "big three credit rating agencies" in the US, sees oil prices averaging $65 per barrel towards the end of 2019 and into 2020, around the time the South American country of Guyana is expected...
News

ExxonMobil Guyana continues support for reading & robotics; program launched in Lethem

OilNOW -
STEMGuyana’s Reading and Robotics programme has been taken to Lethem, Region 9, as part of an ongoing countrywide initiative. ExxonMobil Guyana has partnered with STEMGuyana to launch eight of these  programs across the country, which caters for children aged 8...
News

Saipem snags 200 million USD in offshore contracts

OilNOW -
Liza Phase 1 Development prime contractor, Saipem, has been awarded new contracts in Offshore Drilling in Norway and the Middle East totalling over 200 million USD. The company said on Friday that one contract was signed with the German company...
News

Shipping company opens Guyana office as Oil & Gas set to drive demand for services

OilNOW -
GAC Shipping, Logistics and Marine Services has opened an office in Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas offshore the South American country. To provide local...
News

Harvey Gulf wins contracts in Guyana, 3 other locations

OilNOW -
Harvey Gulf International Marine said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname. This follows the company’s commitment to global in September 2018 and the opening of its Guyana office in March this year. The...
1...840841842...1,025Page 841 of 1,025

Latest News

NewsOilNOW -

Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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