News

News

Brazil’s Petrobras promises dividend as soon as it returns to profit

OilNOW -
(CNBC) The semi-public company Petrobras has promised to start paying dividends to shareholders again, as soon as it returns to profit after being hit by several scandals in recent years. Petrobras, one of the largest companies in Latin America and...
News

Guyana could be producing over 10 million barrels of oil monthly by 2022

OilNOW -
Monthly oil production in the South American country of Guyana could top the 10 million barrel mark by 2022 with the coming on stream of a second phase of development in the prolific Liza field located approximately 120 miles...
News

Exxon’s $50-billion bonanza returns spending to pre-rout level

OilNOW -
(Bloomberg) -- ExxonMobil Corp. is set to spend $50 billion over the next half decade in a return to the oil giant’s spending habits before crude suffered its worst price rout in a generation. With oil prices now hovering above $65/bbl...
News

Guyana/Suriname explore joint O&G shore base facility

OilNOW -
The Guyana Government is looking to put systems in place for the country’s oil and gas industry which could stretch well into the next half century. As such, serious consideration is being given to the establishment of an onshore...
News

Chevron, SBM and Schlumberger among big name companies onboard for GIPEX 2018

OilNOW -
Several more big name companies in the oil and gas industry have signaled their intent to be part of a major petroleum summit taking place in Guyana next month. The South American country now regarded as the next oil...
News

Upstream expenditures expected to grow in 2018 to US$400 billion – WoodMac

OilNOW -
(Offshore Engineer) Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total of US$400 billion. The downturn resulted in nearly $1 trillion being taken out of company spending...
News

TMC to equip newbuild FPSO

OilNOW -
International compressor supplier TMC Compressors (TMC) has won a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) to supply the marine compressed air system to a newbuild FPSO the yard is currently constructing for SBM Offshore. SBM Offshore is the...
News

CGX ‘indigenous’ position helped it secure extension on petroleum license in Guyana

OilNOW -
Guyana views CGX Energy - the first company to embark on large-scale oil exploration off the country's coast – as an indigenous company and this has played a role in the granting of an extension on its Petroleum Exploration...
News

Guyana delegation jets off to India to clinch ‘oil-sale’ deal

OilNOW -
Guyana’s Cabinet Counsel of Ministers on Tuesday granted approval for a high-level delegation to travel to India. The Asian economic giant has signaled an interest in purchasing crude from the South American country, in addition to pursuing collaborations in the areas...
News

Shell is closing in on Exxon’s crown

OilNOW -
(Bloomberg) Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Royal Dutch Shell...
1...899900901...978Page 900 of 978

Latest News

NewsOilNOW -

Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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