News

News

Oil company suing government over decision to stop issuing new exploration permits

OilNOW -
(RNZ) A New Zealand-owned oil and gas company that missed out on an oil exploration permit is suing the government for breach of procedure. Greymouth Gas Turangi missed out on a permit in last year's offer, and now wants its...
News

In South America ExxonMobil’s success makes Guyana-Suriname Basin second only to pre-salt Brazil – GlobalData

OilNOW -
Following the recent Hammerhead-1 discovery by ExxonMobil in the Stabroek block in Guyana, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offered his view on the impact this could have on the upstream...
News

Exxon’s 2017 Guyana oil discoveries place country among top 3 globally for that year

OilNOW -
Although 2017 was yet another record low year for discovered conventional oil volumes globally, Guyana was among the top three countries where recoverable resources were found. “We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior...
News

Deep-sea oil drillers optimistic for 2019

OilNOW -
Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits. But this time there seems to be a greater chance that it will happen, said analysts at Credit Suisse Group...
News

What oil at $100 a barrel would mean for the global economy

OilNOW -
(Bloomberg) Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy. Exporters of the fuel would enjoy bumper returns, giving a fillip to companies...
News

NIS rakes in over $24M in benefits from Oil and Gas sector in 2018

OilNOW -
Guyana’s largest pension fund and health insurance body; the National Insurance Scheme (NIS), has begun targeting companies registering in the emerging petroleum sector to ensure that employees’ benefits are being paid. At the agency’s 49th Anniversary ceremony on Friday, September...
News

Reducing revenue leakage among Energy Dept top priorities

OilNOW -
Among the top priorities for recently appointed Head of the Government’s Energy Department, Dr. Mark Bynoe is “reducing revenue leakage” or the unnoticed or unintended loss of revenue. Dr. Bynoe was appointed to lead the department which was set up...
News

Former SBM CEO, Executive sentenced to prison in bribery scheme

OilNOW -
A former CEO and former executive of an oil services company were sentenced to prison on Friday, September 28 for their involvement in an international bribery conspiracy, the US Department of Justice said in a press release. Assistant Attorney General...
News

Deep-water feeding frenzy in South America as Brazil and Guyana lead enthusiasm

OilNOW -
Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration in South America. According to a report in the Petroleum Economist, analysts say that while the...
News

Exxon adds more than 71,500 net acres to its Brazil portfolio

OilNOW -
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded added more than 71,500 net acres to the ExxonMobil portfolio, expanding the...
1...847848849...996Page 848 of 996

Latest News

NewsOilNOW -

TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...

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