News

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...
News

Guyana organized labour force told O&G will transform country into Caribbean Jewel

OilNOW -
Guyanese public servants on Monday heard that the nation’s emerging oil and gas sector holds the potential to turn the country into the ‘jewel of the Caribbean' but the country’s labour leaders believe the resource is no panacea and...
News

Positive cash flow from Guyana may not come before 2022 – Hess

OilNOW -
Hess Corporation does not expect oil production in the South American country of Guyana where it has a 30% stake in the Stabroek Block, to turn a profit for the company before 2022 when the larger Liza Phase 2...
1...883884885...990Page 884 of 990

Latest News

NewsOilNOW -

IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and 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