Showing results for:

News

EPA collected around GY$400M in payments for flaring from ExxonMobil – Parsram

OilNOW -
Guyana's Environmental Protection Agency (EPA) has collected approximately GY$400M in payments from ExxonMobil for flaring to date. Head of the agency, Kemraj Parsram, made the disclosure on Thursday during a local radio programme - Guyana’s Oil and You. This follows...
News

Investors already showing interest in massive industrial operations as cheaper power looms – GO-Invest

OilNOW -
As the Government of Guyana pushes ahead with the planning and groundwork for the US$900 million gas-to-energy project, Chief Executive Officer of the Guyana Office for Investment (GO-Invest), Dr. Peter Ramsaroop, says the agency is welcoming investors who can...
News

Petrobras begins production at largest FPSO in Brazil

OilNOW -
Petrobras began producing oil and natural gas on Monday from the FPSO Carioca the first definitive production system installed in the Sepia field, in the pre-salt of the Santos Basin. The Brazilian state oil company said this will be...
News

TechnipFMC targeting seabed minerals in energy transition push

OilNOW -
TechnipFMC is joining forces with Loke Marine Minerals (Loke) to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and...
News

Guyana FPSOs ramping up traffic at Asian shipyard

OilNOW -
Guyana’s appetite for Floating Production Storage and Offloading (FPSO) units to produce its massive oil reserves is growing as more developments come on stream at the ExxonMobil-operated Stabroek block. This demand for FPSOs was most evident recently with two Guyana...
News

Massive Prosperity FPSO hull arrives at Singapore yard

OilNOW -
Dutch floater specialist SBM Offshore said on Thursday the hull for the Prosperity Floating Production Storage and Offloading (FPSO) vessel has arrived safely at the Keppel yard in Singapore. The next phase of construction will now commence, with the...
News

SBM Offshore mobilizing for departure of Guyana FPSO

OilNOW -
SBM Offshore said on Thursday its financial results at half-year are in line with management expectations and that staff and contractor teams continue to perform well despite the challenging conditions from the continuing pandemic. The company is also mobilizing...
News

Multiple projects set to generate 500 megawatts of power by 2025

OilNOW -
Recognising energy as a critical component for the advancement of Guyana’s development, President Dr. Irfaan Ali says his administration plans to implement several projects that will deliver at least 500 megawatts (MW) of power by 2025. The largest of the...
News

Wealth fund legislation for Guyana’s Parliament before year end – Ali

OilNOW -
The new legislative framework for Guyana’s Natural Resources Fund (NRF) will be laid in the National Assembly before the end of the year, President Irfaan Ali said on Monday. After taking up office in August last year, the Ali administration...
News

Exxon reports $4.7B in earnings, plans to increase spending on key projects including Guyana

OilNOW -
Exxon Mobil Corporation announced on Friday estimated second-quarter 2021 earnings of $4.7 billion compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021...
1...929394...126Page 93 of 126

Latest News

NewsOilNOW -

ExxonMobil’s Yellowtail startup strengthens upstream edge – Zacks Investment Research

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon...

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