Showing results for:

News

2019 was ‘most successful year’ for discoveries; Guyana added big volumes – IEA

OilNOW -
Oil and gas exploration spending has been on a consistent downward trend in recent years, with only a slight bump in 2019. With investment budgets under renewed pressure this year, the share of exploration spending in total investment may...
News

‘Advantaged deepwater oil’ in places like Guyana will progress – WoodMac

OilNOW -
The oil price crash has hit the upstream sector hard with deep cuts being made across the board and will have a dramatic impact on the industry’s project pipeline with almost all pre-Final Investment Decision projects being deferred says...
News

Venezuela’s military to escort Iranian tankers bringing petrol

OilNOW -
The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday. Five vessels are on the high seas and are due...
News

Total lands $15 billion financing commitment for Mozambique project

OilNOW -
(Bloomberg) - A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter. The first and most significant phase of...
News

Guyana competing for investments and must get its act together – Chamber President

OilNOW -
Political instability is a major deterrent to economic growth and Foreign Direct Investment (FDI) and with competition for financial resources, investors looking to come into Guyana will tend to reconsider their options if an improvement in the country’s political...
News

Aquaterra gets Trinidad & Tobago platform contract

OilNOW -
UK-based Aquaterra Energy, a global offshore engineering solutions provider, has been awarded the FEED (Front End Engineering and Design) contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field, off of the...
News

Chinese oil demand has reportedly almost rebounded to pre-pandemic levels

OilNOW -
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries, Bloomberg reported Monday. Consumption has rebounded to about 13 million barrels per day, Bloomberg said, citing Chinese energy...
News

ExxonMobil acquires 50% stake in Suriname block from Petronas

OilNOW -
Malaysian oil and gas company Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 percent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 per cent...
News

Guyana energy department beefing up human resource capacity

OilNOW -
Guyana’s Department of Energy (DE) is looking to engage the services of several specialists as it continues to build capacity and acquire the expertise needed to effectively manage the country’s emerging oil and gas industry. DE Director Dr. Mark Bynoe...
Exploration

Stabroek Block: Discovery Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
1...297298299...372Page 298 of 372

Latest News

OpinionsOilNOW -

Letter-to-the-Editor: Empowering Guyanese youth in the offshore energy ector

Dear Editor, As a recent graduate of the University of Guyana, I've been reflecting on the future that lies ahead...

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