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Guyana urged to guard against Trinidadian takeover of oil & gas sector

OilNOW -
The Government of Guyana, private sector and citizens at large are being urged to guard against what is being described as a clear attempt by Trinidad & Tobago to monopolize opportunities in the South American country’s emerging oil and...
News

SBM Offshore hit with rising bill for corruption cases

OilNOW -
Dutch floater specialist, SBM Offshore, the same company contracted by ExxonMobil affiliate Esso Exploration & Production Guyana Limited to build an FPSO, has been caught up in corruption cases in Brazil that are now proving to be costly. The company...
News

Chevron green lights its first Canadian shale development

OilNOW -
(Reuters) - Chevron Canada, a unit of global oil major Chevron Corp, is forging ahead with its first ever Canadian shale play development, targeting the East Kaybob region of central Alberta's Duvernay formation. The decision, announced by the company on...
News

Niger Delta Avengers issue ‘bloody’ new warning to oil companies

OilNOW -
The Niger Delta Avengers (NDA) has issued a ‘brutal and bloody’ new warning to oil and gas companies operating in Nigeria’s Niger Delta region.     “This outing will be brutish, brutal and bloody, as we…shall crush everything we meet...
News

China may introduce new way to price oil in bid to dethrone the dollar

OilNOW -
(CNBC) China is looking to make a major move against the dollar's global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets' help: Beijing may introduce a new way to price...
News

Tullow secures Ghana approval for greater Jubilee field development

OilNOW -
Tullow Oil has secured government approval for its Greater Jubilee full-field development plan off Ghana. This is according to joint venture partner Kosmos Energy. In their Q3 2017 results released today, Kosmos said, “In mid-October, the partnership received approval for...
News

BP, Shell lead plan for blockchain-based energy trading platform

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(Reuters) - A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. Other members of the consortium include Norwegian oil...
Exploration

Exxon successfully spuds Ranger-1

OilNOW -
ExxonMobil began exploratory drilling operations at the Ranger-1 well site in the Stabroek Block, offshore Guyana on Friday. The Ranger-1 drill site is located approximately 160 nautical miles off the coast of Guyana and covers an area of one square...
Exploration

Tullow shares dip on Araku disappointment

OilNOW -
After being forced to plug and abandon the highly anticipated 1.6-mile deep Araku-1 exploration well in Suriname, Tullow Oil took a 5pc hit to its share price. It is the second major disappointment for the company, which was forced to...
News

PEMEX makes largest onshore discovery in 15 years

OilNOW -
On Friday November 3, Enrique Peña Nieto, President of Mexico, announced the discovery of an important reservoir with excellent quality light-crude oil and gas, said to be the most important onshore discovery made by Petróleos Mexicanos (PEMEX) in the...
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ExxonMobil sees 60% year-on-year production boost in Guyana

ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during the...

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