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Tullow updates exploration offshore Suriname, Guyana

OilNOW -
(Offshore) Tullow Oil says a rig, reportedly the drillship Noble Bob Douglas, has been secured for a well this fall on the 500 MMbbl-plus Araku prospect offshore Suriname. Araku is a large structural trap which has been de-risked by results of a 3D seismic...
News

ExxonMobil declares cash dividend

OilNOW -
The Board of Directors of Exxon Mobil Corporation on Wednesday declared a cash dividend of $0.77 per share on the Common Stock, payable on September 11, 2017 to shareholders of record of Common Stock at the close of business...
News

TechnipFMC shares slide

OilNOW -
(Reuters) - TechnipFMC's shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million. TechnipFMC said late on Monday that the overstatement stemmed from accounting errors related to its...
News

No final decision yet on second FPSO for Guyana – ExxonMobil

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US super-major ExxonMobil says it has not yet made a final decision on a second Floating Production Storage and Offloading (FPSO) vessel for development and production operations offshore Guyana.With gross recoverable resources for the Stabroek block now estimated to...
News

Become “oil smart” urges US Ambassador

OilNOW -
US Ambassador to Guyana, Perry Holloway, is calling on all Guyanese to become oil smart. The Ambassador's call came just days before yet another discovery was announced by US super-major, ExxonMobil, off the Guyana coast. “This is a tremendously,...
News

ExxonMobil, Guyana officials “excited” about new discovery

OilNOW -
The announcement on Tuesday by ExxonMobil of a new oil discovery at the Payara-2 well has reinforced a widely held belief that significantly more oil than what has so far been detected may lie beneath the Atlantic Ocean offshore...
Discoveries

BREAKING: Exxon discovers more oil at Payara; pushing total to 500 million barrels

OilNOW -
ExxonMobil Corporation today announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. The company said these positive well results increase the estimated gross recoverable resource for...
News

Saudi Aramco calls in defense firms for offshore security

OilNOW -
(Reuters) State oil giant Saudi Aramco plans to increase security around its offshore facilities and has received bids for the work from defense firms, industry sources told Reuters. Bidders include Raytheon Co of the United States, Germany's Rheinmetall AG, Leonardo's...
News

“Government wants to do what is right for the industry” – Trotman

OilNOW -
The Guyana government says it remains committed to doing what is best for the country's emerging oil and gas industry and will continue to pursue measures that allow for transparency in the sector. Speaking at a public meeting of the...
News

Ban on Venezuelan oil imports to US could unify the chavistas – US Senator

OilNOW -
As US officials remain divided on the exact measures that should be taken against Venezuela should a July 30 vote that could strip lawmakers of their constitutional power, goes through, one Senator is warning that a ban on Venezuelan...
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SBM Offshore and Microsoft partner on AI-powered floating power solutions

SBM Offshore has announced a global collaboration with Microsoft to develop AI-powered floating power solutions. The partnership aims to...

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