Showing results for:

News

Nigeria local content body says Samsung has transformed country into FPSO construction hub

OilNOW -
Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) units in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared, according to a...
News

America imported no oil from Venezuela last week. Here’s why that’s a big deal

OilNOW -
(CNN Business) America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation. The United States imported exactly zero barrels of crude from Venezuela last week, according...
News

2 dozen Guyanese to join more than 1,000 working on Liza Phase 1 project

OilNOW -
Twenty-four Guyanese will soon join the more than one thousand nationals already working on ExxonMobil’s Liza Phase 1 Development project in the South American country of Guyana. The 24 persons, inclusive of two females, will be assigned to the Liza...
News

Saipem secures US$220M in new contracts, extensions

OilNOW -
Saipem has been awarded new contracts and extensions to existing agreements in onshore drilling worth approximately US$220M in total, the Italy-based company said on Wednesday. The new contracts involve projects to be carried out in Bolivia and Saudi Arabia, while...
News

O&G on agenda as Lord Provost of Aberdeen set to visit Guyana

OilNOW -
Lord Provost of Aberdeen, Councilor Barney Crocket, is scheduled to visit Georgetown, Guyana this Friday (March 15). The visit is a follow-up to the Aberdeen Guyanese trade mission in November, last year. This was disclosed recently by British High Commissioner to Guyana, Greg...
News

AmCham President calls for diversification of Guyana economy to avert oil curse

OilNOW -
President of the American Chamber of Commerce Guyana Inc. (AmCham) Zulfikar Ally is calling for secure investments of oil revenues and economic diversification in Guyana in order to guard against the pitfalls experienced by some oil-producing nations. He was delivering...
News

Saipem ramping up work ahead of Liza Destiny arrival; in-country fabrication planned for Phase 2

OilNOW -
Over the next few months Italian oil and gas contractor Saipem will be ramping-up operations offshore Guyana as preparatory work gets underway ahead of the arrival of the Liza Destiny in Q3. This includes a survey of the sea floor...
News

Possible oil reserves upsized for Jamaica

OilNOW -
The probability of finding oil offshore Jamaica improved to a one-in-five chance of success, based on an independent report utilising 3D data, the Jamaica Gleaner reported on Wednesday. The 2019 report also upsized the 2017 baseline estimates of the quantity...
Exploration

Guyana discoveries help ExxonMobil add 4.5 billion barrels to its reserves

OilNOW -
ExxonMobil said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. The company said continuing success in exploration and strategic acquisitions in Guyana and Brazil have...
News

Liza 2 among global O&G projects pushing big volumes for 2019

OilNOW -
A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could see sanctioned volumes of oil and gas nearly triple compared to last year’s tally. Rystad...
1...345346347...387Page 346 of 387

Latest News

NewsOilNOW -

Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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