Showing results for:

News

World Bank funding to help expedite ExxonMobil cost recovery audit

OilNOW -
Guyana’s Opposition Leader, Bharrat Jagdeo, had suggested that the Government should consider hiring external experts to audit the pre-production cost incurred by ExxonMobil in its operations offshore, particularly since the Guyana Revenue Authority (GRA) is already overburdened with work. In...
News

“We work with an ethical supply chain that values women, men and different races” – Saipem President

OilNOW -
Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development. Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...
News

Total eyes deepwater expansion to 2025, scope for new projects

OilNOW -
(S&P Global Platts) Total expects its deepwater oil and natural gas production to grow by more than 40% to around 500,000 b/d of oil equivalent by 2025 on the back of new projects in offshore Brazilian and Gulf of...
News

Brazil cuts oil royalties to boost recovery rates

OilNOW -
(Argus Media) Brazil's hydrocarbons regulator ANP reduced royalties to 5pc from around 10pc in an effort to boost recovery at qualifying mature fields. The royalty reduction is contingent on new investment commitments and only applies to those fields that have...
News

Tullow Oil abandons Namibia well

OilNOW -
Reuters) - Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, the company said on Monday. “The Cormorant-1 exploration well in the PEL-37 licence, offshore...
News

‘Make cost recovery audit public; amend Procurement Commission Act’ – Persaud

OilNOW -
On the heels of nine major discoveries offshore Guyana by ExxonMobil and its partners HESS and CNOOC Nexen and with the recent announcement of a major resource estimation by Eco-Atlantic, former Minister of Natural Resources and the Environment Robert...
Opinions

Letter: Pressing questions for PM Rowley ahead of MoU signing

OilNOW -
Dear Honourable Prime Minister, Welcome to Guyana! I note your newly-birthed excitement to visit Guyana and to partake in our oil and gas ‘prosperity.’ As someone, who still believes in the potential of the CARICOM project, it is always comforting when...
News

Call for halt to oil production is ‘self-promoting stunt in pursuit of ulterior motive’ – former minister

OilNOW -
Debate on a myriad of issues continues in Guyana as the country gears up to become a major oil producer in the region. A former government official is describing as ‘disturbing’, a recent call for the Guyana government to...
News

Total farms into Guyana’s Orinduik block; Tullow to remain operator

OilNOW -
French super-major Total has exercised its option to purchase a 25% working interest in the Orinduik block offshore Guyana for USD 12.5 million. This comes on the heels of partner Eco Atlantic Oil & Gas’ announcement that the block has...
News

Saipem America provides internship for Guyanese students

OilNOW -
Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...
1...336337338...368Page 337 of 368

Latest News

NewsOilNOW -

GranMorgu development to also tap Baja discovery – TotalEnergies

TotalEnergies announced on Friday that it will leverage its GranMorgu development to also tap the Baja discovery in Suriname's...

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