News

News

BP discovers 2 trillion cubic feet of gas in Trinidad & Tobago

OilNOW -
BP Trinidad & Tobago (bpTT) announced Friday that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad. The results of these wells have unlocked approximately 2 trillion cubic feet (tcf) of gas...
News

Saipem strikes $230M in offshore agreements

OilNOW -
Saipem, the same company that was earlier this year awarded a subsea contract by ExxonMobil for its Liza project offshore Guyana, has recently entered agreements to the value $230M for other offshore drilling activities in the Mediterranean, Black Sea...
News

Ramnarine weighs-in on Chevron’s exit, questions value of Shell marketing LNG

OilNOW -
Reports surfaced last week that US energy company, Chevron was winding down its operations in Trinidad and Tobago.  The company has entered an agreement to sell all its shares in Chevron Trinidad and Tobago Resources (CTTR) to Shell’s BG...
News

EITI vital for Guyana now that oil production is coming – TT EITI Chair

OilNOW -
Now that Guyana is headed for a windfall with the Liza field production set to begin in 2020, it is more important than ever for the South American nation to become a part of the Extractive Industries Transparency Initiative...
News

Russia “ready to live forever” with $40 oil price or lower – Economy Minister

OilNOW -
A race to the bottom in oil prices may not have many winners, but Russia is certain it can survive. It’s less sure about hedge funds. “We’re actually ready to live forever with the oil price at $40 or below,”...
News

Chevron prepares to exit Trinidad & Tobago

OilNOW -
Chevron has entered into an agreement to sell all of its shares in Chevron Trinidad and Tobago Resources (CTTR) to Shell’s BG, and all of its interest in Trinling, an LNG marketing and transportation company, to Shell’s BG Gas. According...
News

Oil drops below $50 on US climate exit

OilNOW -
Brent oil fell below $50 today, as concerns about the impact U.S. President Donald Trump's decision to exit the Paris climate agreement could have on drilling in the United States. Analysts believe Trumps decision could result in an increase...
News

JUST IN: Guyana to earn 2% royalty from Liza field production; project deemed “technically sound”

OilNOW -
Guyana will be earning a 2% royalty on gross earnings from the Liza oil field production. This will come, along with a 50/50 Production Sharing Arrangement, in which Guyana earns half of the ‘profit oil’ revenue while the other half...
Exploration

Guyana finalizing ExxonMobil production license; public disclosure on agreement likely

OilNOW -
Guyana’s Minister of Natural Resources Raphael Trotman said today that government is in the process of finalising ExxonMobil’s production license and will be “making some pronouncements in the next few weeks.” Mr. Trotman made the announcement to stakeholders at...
News

ExxonMobil CEO says oil demand will grow in coming decades

OilNOW -
Exxon Mobil Corp. investors backed a resolution urging the oil giant to consider whether it can prosper under strict greenhouse gas limits in a vote coming amid reports President Donald Trump may soon abandon the 2015 Paris Climate Accord. According...
1...932933934...944Page 933 of 944

Latest News

NewsOilNOW -

DSIC launches Errea Wittu FPSO for ExxonMobil’s Stabroek Block

Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel,...

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