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Shell’s Timi Platform powers Malaysia’s green energy revolution with solar, wind

OilNOW -
Sarawak Shell Berhad (SSB), a subsidiary of global energy giant Shell plc, announced the commencement of gas production at the Timi platform in Malaysia. Under the SK318 production sharing contract (PSC), Timi represents a groundbreaking endeavour, combining cutting-edge technology...
News

Nigeria’s production increase target faces skepticism from Westwood analysts

OilNOW -
In a bold move, Nigeria's newly elected president Bola Ahmed Tinubu has publicly unveiled his administration's ambitious plan to nearly double the country's crude oil production. The goal is to escalate production from the 1.3 million barrels per day...
News

Touchstone Exploration advances Royston-1X well testing, prepares for Cascadura facility commissioning

OilNOW -
Touchstone Exploration Inc, the Calgary-based oil and gas company with a primary focus on Trinidad and Tobago, has successfully completed its program of five production test intervals at the Royston-1X well.  The Royston-1X well, in which Touchstone holds an 80%...
News

Equinor and partners amplify oil production at Statfjord Øst project

OilNOW -
Equinor and its partners have announced the boosting of production at the Statfjord Øst project offshore Norway. The initiative enhances the oil extraction rate, leading to an increase in production by a whopping 26 million barrels of oil equivalents...
News

Brazil gov’t removes major obstacle for Petrobras exploration in Foz do Amazonas Basin

OilNOW -
The Brazilian government has potentially removed a significant obstacle, allowing Petrobras to explore an offshore region regarded as the nation's most promising area for oil drilling. The attorney general's office (AGU) has issued a statement asserting that the project does...
News

Subsea7 achieves groundbreaking remote ROV operation from Scotland to Brazil Coast

OilNOW -
In a remarkable feat of technological advancement, Subsea7 has successfully conducted a remote piloting operation for a work class Remotely Operated Vehicle (ROV) from Scotland, covering a staggering distance of 9,400 kilometers to the coast of Brazil.  Developed in-house by...
News

MODEC FPSO hits first oil in Brazil on one of the longest charter contracts in company’s history

OilNOW -
MODEC, Inc. announced a significant milestone in its ongoing partnership with Petróleo Brasileiro S.A. (Petrobras) as the FPSO Anita Garibaldi MV33 successfully achieved first oil production on August 16, 2023. The vessel, now operational at the Marlim field in...
News

ExxonMobil’s Whiptail project sets sights on 72 wells to propel oil output surge

OilNOW -
ExxonMobil’s Whiptail project is slated to target up to 72 wells to develop the fields. This was outlined in the Whiptail Environmental Impact Assessment (EIA) submitted to Guyana’s Environmental Protection Agency (EPA) for review and approval, on August 20.  “...EEPGL has...
Business Wire

Cargill and BAR Technologies’ Ground-Breaking Wind Technology Sets Sail, Chartering a New Lower-Carbon Path for the Maritime Industry

A collaboration between Cargill, BAR Technologies, Mitsubishi Corporation and Yara Marine Technologies has the potential to decarbonize cargo vessels by up to 30 percentGENEVA--(BUSINESS WIRE)--Cargill and BAR Technologies’ ground-breaking innovation, BAR Tech WindWings by Yara Marine sets sail on...
News

CGX warns of financing risk for Guyana port facility 

OilNOW -
Canadian oil explorer, CGX Energy Inc., has put its shareholders on notice that there is no guarantee its efforts to secure financing for a port facility in Guyana would be successful. Even if it is, the company warned that...
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Latest News

NewsKemol King -

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

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