News

News

Doors of investment open to CARICOM territories says Guyanese President

OilNOW -
The doors of investment are open to Caribbean territories, and Guyana is welcoming their expertise in the oil and gas sector. These were the sentiments expressed by Guyanese President David Granger moments before the first plenary session of the...
News

There are fears about an oil spike above $150

OilNOW -
(Bloomberg) Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein...
News

Department of Energy to be ready by August – President Granger

OilNOW -
President of Guyana David Granger has announced that the country’s Department of Energy which will fall under the auspices of the Ministry of the Presidency (MoTP) will be established by August of this year, with oil production scheduled to...
News

SBM Offshore says Rio court orders Petrobras to withhold payments

OilNOW -
(Reuters) - Dutch marine engineering group SBM Offshore said on Thursday a Brazilian court had ordered Petrobras to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it may receive in a corruption case. SBM...
News

Potential for more oil discoveries in Guyana at all-time high – Industry Analyst

OilNOW -
Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
News

Ramnarine urges caution in oil production forecasts

OilNOW -
Former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, says predicting how oil reservoirs will behave is often difficult and this along with other factors can impact projected daily output. As such, he believes that it...
News

SBM awarded contract for second Liza FPSO in Guyana

OilNOW -
SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
News

ExxonMobil in US$10M collaboration with Conservation International, UG

OilNOW -
ExxonMobil Foundation said today that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation. The investment is also intended to...
News

Liza sub-sea contractor gets EPC job for Zinia development

OilNOW -
TechnipFMC has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 meters. The contract covers the Engineering, Procurement and Construction of subsea equipment...
News

Venezuela & Trinidad fail to come to agreement on gas supply

OilNOW -
Ministers of Venezuela and Trinidad & Tobago met in Caracas this week in an effort to hammer out a contract to send gas from Venezuela's Dragon Field to Trinidad for conversion into LNG so that it can be shipped...
1...849850851...971Page 850 of 971

Latest News

NewsOilNOW -

Saipem secures US$720 million offshore contracts, including a major Guyana project

Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea...

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