Production

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ExxonMobil to ramp up Permian production to 600,000 barrels

OilNOW -
ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland...
Exploration

‘We want to look back 10 years from now and say we helped Guyana’ – Exxon Country Manager

OilNOW -
ExxonMobil Guyana Country Manager, Rod Henson says the company would like to look back 10 years from now and see that its presence would have served to help the South American country of 750,000 people. Guyana will enter the league...
News

Why is Exxon drilling 17 wells for Liza Phase 1?

OilNOW -
ExxonMobil along with its joint venture partners Hess and CNOOC Nexen will be drilling 17 wells in preparation for the Liza Phase 1 development project located 120 miles offshore the South American country of Guyana. But why is the...
News

ExxonMobil begins oil production at Hebron Field

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to...
News

First oil flows from Brazil’s giant Libra Field

OilNOW -
First oil has flowed from Brazil’s giant Libra field operated by Petrobras and a consortium that includes Total, Shell and China’s CNPC and CNOOC, the companies said on Monday. Libra, which has recoverable volumes estimated by oil regulator ANP at...
Exploration

Offshore Rigs: The Basics

OilNOW -
Offshore exploration and development wells are often drilled from mobile offshore drilling units (MODUs, pronounced "moe-dooz"). Depending on the water depth and remoteness of the location, these "rigs" may be jack-ups (up to 400 feet of water), or semisubmersibles,...
Production

For every barrel of oil consumed over two discovered

OilNOW -
There is an abundance of oil resources: oil resources known today dwarf the world’s likely consumption of oil out to 2050 and beyond. Global proved oil reserves have more than doubled over the past 35 years: for every barrel of...
News

Noble to begin drilling Liza phase 1 wells in 2018

OilNOW -
ExxonMobil has contracted Noble Corporation for drilling of the Liza Phase 1 development wells set to begin in 2018. OilNOW understands the Noble Bob Douglas drill ship will begin its campaign by Q2 2018 and the contract is expected to...
News

Eight energy companies commit to reduce methane emissions within natural gas industry

OilNOW -
BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value...
News

As Venezuela pumps below OPEC target, oil rivals begin filling gap

OilNOW -
(Reuters) - As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters group have started to plug the gap, OPEC and industry sources said. The South American...
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Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over...

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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