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Shell is closing in on Exxon’s crown

OilNOW -
(Bloomberg) Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Royal Dutch Shell...
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200,000 bpd Egina FPSO arrives in Nigeria

OilNOW -
Nigeria’s oil and gas industry is set to record another milestone as the Floating Production, Storage and Offloading (FPSO) vessel Egina was set to arrive in the African nation on Wednesday. The FPSO, with a capacity of 200,000 barrels per...
News

ExxonMobil named 2017 Explorer of the Year; Guyana discoveries boosted performance

OilNOW -
ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. “This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and...
News

‘Guyana will not make the same mistake as others’ assures Business Minister

OilNOW -
Guyana continues to press ahead with development of its emerging oil and gas industry and the country’s Business Minister is adamant that government is fully capable of effectively managing this new sector. “There is a lot of angst perhaps within...
News

Siemens looking for investment opportunities in Guyana O&G sector

OilNOW -
Siemens – a global technology company providing oil and gas services – is looking to explore investment opportunities in Guyana’s emerging petroleum sector. The South American country’s Minister of Natural Resources, Raphael Trotman, made the disclosure at a media engagement on...
News

$3.3B Egina FPSO to arrive Nigeria Tuesday

OilNOW -
(The Guardian) Nigeria’S oil and gas industry is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels per day capacity Egina deep water oilfield will arrive Nigeria from South...
News

Motivated by Exxon’s discoveries; Tullow Oil, Eco Atlantic eyeing Orinduik Phase Two

OilNOW -
Exploration partners Tullow Oil plc and Eco (Atlantic) Oil & Gas Ltd have decided to move the Orinduik project, offshore Guyana, into Phase Two of its license, committing to a new programme of seismic exploration to gather at least...
News

Exxon hits hydrocarbons in Papua New Guinea

OilNOW -
ExxonMobil announced on Monday that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea. “We are currently evaluating the well results and together with our co-venture partners will assess the...
News

Shell advances Penguins redevelopment

OilNOW -
(Offshore Engineer) Shell will go ahead with its Penguins fields redevelopment in the UK North Sea in what will be its first new manned installation in the northern North Sea in almost 30 years. The project will see a newbuild...
News

Total closes $1.95bn Brazil pre-salt deal with Petrobras

OilNOW -
Brazilian oil and gas corporation Petrobras and international oil major Total announced Monday that they have reached a milestone in the realization of their Strategic Alliance, signed in March 2017, with the transfer from Petrobras to Total of 35%...
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Latest News

Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund...

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