News

News

Liza Phase 2 could push Guyana total oil production to 340,000 bpd by 2022

OilNOW -
US oil major ExxonMobil has confirmed that a process is underway that could see a Liza Phase 2 development getting underway as early as 2022. This combined with Liza Phase 1 production, set to come on stream in 2020,...
News

CGX Energy CEO quits, Narine to act as Executive Chairman

OilNOW -
Canadian-based oil and gas exploration company CGX Energy has accepted the resignation of its Chief Executive Officer. CGX Energy, focused on the exploration of oil in the Guyana-Suriname Basin, said on Wednesday it accepted the resignation of CEO Dewi Jones, effective January 8, 2018. Dewi Jones,...
News

Tullow picks up 6 new licences offshore Peru; eyes drilling in 2019

OilNOW -
Tullow today announced that it has agreed on terms to add six new licences covering 28,000 sq km, offshore Peru, South America, to its portfolio. “The Group has concluded negotiations with Perupetro and agreed to acquire a 100% stake in...
News

Stones FPSO designed for swift disconnection from approaching storms

OilNOW -
(Offshore) The FPSO Turritella in the Gulf of Mexico is in the deepest-water setting of any floating production system to date, at around 2,900 m (9,500 ft). The location and the demanding operating environment – as evidenced by this season’s powerful...
News

ExxonMobil moving towards potential giant Liza Phase 2 development; could start by 2022

OilNOW -
ExxonMobil Guyana said on Thursday it has submitted an application to the Environmental Protection Agency (EPA) for environmental authorization as part of the company’s plans for a potential production concept for Liza Phase 2. “Given we receive all the permits...
News

Big oil looks on as Italian giant completes ‘mission impossible’

OilNOW -
(Bloomberg) The fact even senior managers privately described the plan as “Mission Impossible” showed the scale of the task: Italian energy giant Eni SpA wanted to produce gas from the Zohr field little more than two years after finding it in...
News

Global demand continues to make Guyana’s oil discoveries profitable – Ambassador Quinn

OilNOW -
British High Commissioner to Guyana, Gregory Quinn believes Guyanese need not worry about the threats of alternative and other types of green energy to its emerging oil and gas industry, since demand will “continue to make what has been...
News

Norway’s 2022 oil and gas output forecast close to record high – NPD

OilNOW -
(Reuters) - Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, the Norwegian Petroleum Directorate (NPD) said on Thursday. By 2022, the combined output of oil and gas from the country’s...
News

Tullow plans to bring forward Guyana drilling to 2018

OilNOW -
Tullow Oil plc said that preparations are underway for drilling offshore Guyana possibly in late 2018. This is according to an operational update the company issued on Wednesday. The company said that it is currently processing seismic data with a...
News

SOCU needs resources, cooperation to investigate O&G financial crimes – UK Expert

OilNOW -
British financial crimes expert, Dr. Sam Sittlington has expressed reservations over the level of resourcing afforded to the Guyana Police Force’s Special Organised Crime Unit (SOCU) but believes the unit will be able to effectively investigate malfeasance and other...
1...929930931...1,001Page 930 of 1,001

Latest News

NewsShikema Dey -

As Errea Wittu FPSO takes shape, MODEC deepens roots in Guyana with permanent office 

Merely days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked...

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