News

News

Liza 5 well test underway; Long Tail next stop for Stena drillship

OilNOW -
US oil major ExxonMobil is set to acquire more data for analysis from the Liza 5 appraisal well in order to broaden its knowledge of the greater Liza resource offshore Guyana. “The Stena Carron is currently drilling Liza 5 appraisal...
News

Guyana expected to become less dependent on donor funds when oil begins to flow

OilNOW -
Guyana is less than two years away from becoming a major oil producing economy and Chief Executive Officer of the CARICOM Development Fund (CDF), Rodinald Soomer, said the imminent revenue expected from this development could change the South American country’s...
News

Record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

OilNOW -
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to...
News

Robust systems to fight financial crimes, corruption vital in oil producing countries

OilNOW -
It is absolutely critical that countries in the region put robust systems in place to protect them from acts of financial crimes and corruption. This was the hallmark of the just concluded Regional Judges and Prosecutors workshop, organized by...
News

In pursuit of oil Guyana remains committed to going green

OilNOW -
As Guyana gears up to become a major oil producer in the region the South American country’s commitment to a green economy can be maintained by pursuing a ‘regenerative model’ of development according to Secretary General of the Commonwealth...
News

Guyana on BP’s radar as oil major looks to expand presence in region

OilNOW -
Oil major BP Plc is closely following oil auctions in Brazil, Mexico and other potential offshore investment opportunities in Guyana, Colombia and Suriname in a bid to expand its presence in the region. Rising crude prices and energy reforms in...
News

Exxon’s success off Guyana coast fueled Latin America dominance in 2017

OilNOW -
Latin America dominated the world on the exploration front in 2017 in terms of both discovery numbers and size, mainly due to ExxonMobil’s continuing success offshore Guyana, according to investment research and advisory company, Edison, in its 2018 Exploration...
News

Drilling underway at Suriname’s Anapai as efforts to mirror Guyana success continue

OilNOW -
Exploration drilling is underway at Anapai-1 in Suriname where Kosmos Energy holds a 50% Working Interest in Block 45, in partnership with Chevron. The prospect sits in 1,500m of water and is targeting gross unrisked resources of 700mmbbls in a...
News

Hart Energy: Guyana-Suriname basin shows long-term promise – OTC 2018

OilNOW -
The first rule of puzzle assembly is to start with the edges and work in, flipping pieces this way and that, until the snap of snug fit indicates correct piece placement. When looking at a world map, it is...
News

Noble reports net loss for Q1 2018; expects fleet utilization to ramp up

OilNOW -
Noble Corporation, the same company contracted by ExxonMobil to drill 17 wells for the Liza Phase 1 development in Guyana, on Wednesday reported a net loss for the three months ended March 31, 2018 of $142 million, or $0.58 per diluted share, on revenues...
1...858859860...965Page 859 of 965

Latest News

NewsOilNOW -

Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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