News

News

CGX, Repsol sign on as GIPEX 2018 Gold Sponsors

OilNOW -
Spanish Company Repsol Exploracion Guyana S.A. and Canadian Company CGX Energy inc. have signed on to the Guyana International Petroleum Business Summit - GIPEX 2018 - as Gold Sponsors, weeks following ExxonMobil’s coming on board the event as its...
News

Exxon makes ‘significant’ oil discovery at Ranger-1 offshore Guyana

OilNOW -
US oil major ExxonMobil announced today positive results from its Ranger-1 exploration well, marking the company's sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot,...
News

Supermajors cautious on exploration; cut spending on O&G for 5th consecutive year

OilNOW -
ExxonMobil, along with other world leading oil exploration companies including Royal Dutch Shell and Total are slowing down exploration efforts despite there being the strongest start for oil prices in four years. This is according to a recent report from analyst...
News

Summer of milestones in 2017 led to sanctioning of Liza Phase 1 – Exxon Country Manager

OilNOW -
ExxonMobil Guyana Country Manager Rod Henson says the company along with its partners Hess and CNOOC Nexen were able to achieve some key objectives in 2017 which lead to a final investment decision being made for the Liza Phase...
News

Gasoline prices just jumped 127% in Saudi Arabia

OilNOW -
(Bloomberg) The cost of living is rising for Saudis this year as the government raises gasoline prices and introduces value-added taxation to plug the budget deficit. The central bank forecasts inflation to average 5.7 percent in 2018 from a negative...
News

Brazil’s oil production slips, oil exports up 25%

OilNOW -
(Reuters) Brazil’s oil output fell 1.21% in November from October, regulator ANP said on Jan. 2, after state-run oil company Petróleo Brasileiro SA (NYSE: PBR) carried out maintenance work at some production units. ANP said oil output was 2.595 million...
News

Maersk Drilling wins 4-year deal with Tullow for Ghana offshore campaign

OilNOW -
Maersk Drilling has reportedly won a four-year contract with Guyana’s Orinduik and Kanuku Blocks licensee; Tullow Oil, for use of the ultra-deepwater drillship Maersk Venturer offshore Ghana. The contract, signed with the Danish drilling rig operator in December 2017, is...
News

Petrobras to pay $2.95B in US settlement for ‘car wash’ corruption scandal

OilNOW -
(Reuters) Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Jan. 3 that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption...
News

Oil prices post strongest January opening since 2014

OilNOW -
(Reuters) Oil prices posted their strongest opening to a year since 2014 on Jan. 2, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate...
News

Major FPSO contract lifts Drydocks World

OilNOW -
(Maritime Standard) The Dubai-based shipyard, Drydocks World, has secured a significant piece of new business. The company has announced that it has signed a contract with SBM Offshore to carry out the construction of the turret mooring system for...
1...907908909...977Page 908 of 977

Latest News

NewsOilNOW -

Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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