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Shell, Exxon to appeal latest Groningen gas production cap

OilNOW -
(Reuters) A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it would appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent. The Dutch...
News

New helicopter base under construction for Bristow in UK

OilNOW -
Construction has begun on a new HM Coastguard search and rescue (SAR) helicopter base at Lydd Airport in the UK which will be operated by Bristow Helicopters. The £7.8 million project will create a new focal point for the region’s...
News

ExxonMobil, Hess and Statoil farm into Suriname blocks

OilNOW -
Suriname state oil company Staatsolie and the consortium consisting of ExxonMobil, Hess and Statoil have reached an agreement regarding a PSC for Block 59 offshore Suriname. At the same time, an agreement was reached with Statoil for Block 60. The...
News

Alaska court to rule on oil wealth payments to state residents

OilNOW -
An Alaska lawmaker is making one last legal push to put about $1,000 back in the hands of nearly every state resident for their share of Alaska’s oil wealth. Sen. Bill Wielechowski is scheduled to argue Tuesday to the Alaska...
News

ExxonMobil says it is eager to partner with Guyanese businesses

OilNOW -
ExxonMobil announced today the establishment of the Centre for Local Business Development in Georgetown, Guyana, and signaled its commitment to work with the country’s business community. The centre will assist small and medium-sized Guyanese businesses with building their capacity and...
News

BP produced over 12 billion barrels of oil in 40yrs of production at Prudhoe Bay

OilNOW -
The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to US energy security and ongoing role as a key economic engine for the region. BP said in a press...
News

ExxonMobil confirms award of contracts to SBM for Liza project in Guyana

OilNOW -
ExxonMobil has formally confirmed the award of contracts to SBM Offshore for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a Floating Production, Storage and Offloading Vessel...
News

France to ban licences for oil and gas exploration

OilNOW -
France is to stop granting new licences for oil and gas exploration on the mainland and in overseas territories, Environment Minister Nicolas Hulot said Friday. Mining codes will be modified, while current exploration projects already underway would continue. “There will...
News

Qatar’s emir meets ExxonMobil’s CEO

OilNOW -
(Reuters) The emir of Qatar met with ExxonMobil Corporation’s Chairman and CEO Darren Woods in Doha on Saturday for talks on "cooperation," state news agency QNA reported, following a rift between four Gulf states and Qatar that has raised...
Exploration

Total-ExxonMobil & Energean get approval for offshore oil exploration in Greece

OilNOW -
Greece has approved an application by a consortium of ExxonMobil, France’s Total SA, and domestic oil refiner Hellenic Petroleum, to drill for oil and gas off the island of Crete, Reuters reported on Friday. Greece has also approved another application,...
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Guyana's Oil LedgerKemol King -

Guyana got US$225 million in oil sales revenue in February 

Guyana’s Natural Resource Fund (NRF) received deposits totaling US$225.75 million (G$47.07 billion) in February 2025. This amount represents payments...

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.

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