Showing results for:

News

Unforeseen events delaying offshore developments in Guyana

OilNOW -
Approval for ExxonMobil’s 3rd development project at the Stabroek Block offshore Guyana remains stalled due to what the country’s Department of Energy (DE) has described as recent ‘national and international events’. The spread of the novel coronavirus and an election...
News

Saipem says death on FDS ship in Netherlands not COVID-19 related

OilNOW -
Italian-based engineering company Saipem says that the death which occurred on Friday on board the Saipem FDS ship, currently located in the port district of Waalhaven in Rotterdam, happened due to natural causes, as confirmed by the investigations of...
News

S&P Global: Oil crisis, project delays will not derail Exxon-Hess development in Guyana

OilNOW -
(S&P Global) On the precipice of a production boom that could transform its struggling economy, Guyana has attracted the drill bits of some of the largest international oil companies in recent years. Now, amid a collapse in global oil demand...
News

Over US$1.2M in royalty for NRF by month end…Liza production surpasses 1.7 million barrels in January

OilNOW -
Oil production from the Liza Phase 1 Development at Guyana’s Stabroek Block amounted to 1,745,930 barrels for the month of January which is equivalent to 56,320 barrels of oil per day. Guyana’s Ministry of Finance said on Thursday in its...
News

TechnipFMC slashes 2020 CAPEX by US$150 million

OilNOW -
TechnipFMC plc (NYSE: FTI) (Paris: FTI) said Wednesday it remains focused on taking all necessary steps to ensure the health and well-being of its employees, contractors and partners, and it is taking decisive actions in response to the current...
News

Guyanese engineers install subsea production assets for Liza Phase 1

OilNOW -
A team of Guyanese Engineers, working as Remotely Operated Vehicle (ROV) Pilots / Technicians for Offshore Innovators (Guyana) Inc. (OIG), have successfully supported the installation of their country’s first ever subsea field, making first oil possible at ExxonMobil’s Liza...
News

CNOOC lifts 1st oil cargo from Guyana, reports record performance for 2019

OilNOW -
China’s state oil company CNOOC has lifted its first 1 million barrels of light, sweet Liza crude from Guyana’s offshore Liza Phase 1 Development project. The company has a 25% stake in the 6.6 million acres Stabroek block as...
News

O&G project sanctioning faces up to US$131 billion in reduction this year

OilNOW -
The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans...
News

Exxon, contractors step up measures in Guyana to confront COVID-19 threat

OilNOW -
As the spread of the coronavirus (COVID-19) continues globally, measures are being put in place in Guyana to ensure the safety and health of those working in support of the offshore activities at the Stabroek Block where US oil...
News

TechnipFMC halts split over COVID-19, worsening market conditions

OilNOW -
TechnipFMC reported Sunday that it has put its planned separation into two companies on hold. According to a report from Rigzone, TechnipFMC noted the COVID-19 pandemic, plummeting commodity prices and greater equity market volatility have created market conditions that...
1...272829...125Page 28 of 125

Latest News

NewsOilNOW -

TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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