Showing results for:

News

Brazil to increase oil production by 300,000 barrels per day, this year – AMI

OilNOW -
The Federative Republic of Brazil is preparing to increase its oil production by 300,000 barrels per day (bpd), a nearly 10% hike from its current approximate output of 3 million bpd, according to Americas Market Intelligence (AMI). Energy Co-Director at...
News

Exxon’s 5th project could produce up to 275,000 bpd, with first oil as early as 2026

OilNOW -
ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW. Guyana’s...
News

Exxon reports over US$5 billion profit despite huge impairment over Russia exit

OilNOW -
ExxonMobil Corporation on Friday announced an estimated first-quarter 2022 earnings of US$5.5 billion compared with US$8.9 billion in the fourth quarter of 2021. The company also reported a US$3.4 billion impairment which it said is associated with its planned...
News

Guyana on track to hit 360,000 barrels per day by third quarter

OilNOW -
Guyana’s prolific Stabroek Block continues to churn out successful results for operator ExxonMobil (XOM) and its partners Hess and CNOOC, and by the third quarter  2022, production is expected to ramp up significantly. During the oil major’s first quarter earnings...
Discoveries

Oil Minister says “thriving future for generations ahead” as Exxon announces three new discoveries

OilNOW -
With three new discoveries announced by oil major ExxonMobil in Guyana’s prolific Stabroek Block, Minister of Natural Resources Vickram Bharrat sees a thriving future for generations ahead. Subsequently, after Exxon’s announcement, Bharrat shared that the new discoveries add to “Guyana’s growing legacy”...
News

Exxon targeting 2.6 billion barrels of oil at four Guyana projects

OilNOW -
Guyana has so far approved a total of four offshore developments at the ExxonMobil-operated Stabroek Block, that when combined, will be targeting just over 25 percent of the 10 billion oil equivalent barrels found so far since 2015. The projects...
News

Guyana oil could help fill gaps if US producers stick to capital discipline, says Platts

OilNOW -
The billions of barrels of oil resources that have been found offshore Guyana could help fill gaps in supply in the coming years if US upstream producers continue to stick to capital discipline as a corporate strategy, which shows...
News

Exxon says removing tax provisions in Stabroek PSA could make projects infeasible

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will be seeking a dismissal of a case brought to Guyana’s High Court which seeks to strike out tax waivers granted to it, its co-venturers and sub-contractors under the Stabroek...
News

At current oil price Yellowtail will deliver over US$3 million per day for Guyana

OilNOW -
The Yellowtail Project will add to Liza Phase 1, 2 and Payara, contributing positively to economic growth in Guyana, including increased national revenues, which will result in increased government investments in public services and infrastructure; local procurement of select...
News

Oil spill simulated during response exercise in new petroleum hotspot

OilNOW -
Authorities in Guyana simulated a tier two oil spill on Wednesday as it tested its national response mechanisms. A tier two response involves the mobilization of national and regional resources to respond – one notch above tier one, the...
1...858687...126Page 86 of 126

Latest News

NewsOilNOW -

SBM Offshore’s Blue Ammonia FPSO design wins ABS approval

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production,...

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