Showing results for:

News

Liza SURF contractor Saipem awarded FEED contract for Ugandan refinery

OilNOW -
Italian oil and gas industry contractor, Saipem, has been awarded a front-end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda. According to Oil Review Africa, the award was made by the Albertine Graben Refinery...
Featured

How Saipem creates value while supporting SDG8

OilNOW -
Many companies talk about their plans to support the UN’s Sustainable Development Goal 8 (SDG8), meant to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. But Saipem, a global leader in drilling...
News

Guyana tops the world in discovered resources for first half 2018

OilNOW -
Guyana leads the top five countries in the world in terms of total discovered resources added in the first half of 2018, followed by the United States, Cyprus, Oman and Norway… Global discoveries of conventional oil and natural gas are seeing an exciting recovery...
News

ExxonMobil earns $4 billion in Q2; Guyana among key projects pushing growth plan

OilNOW -
Exxon Mobil Corporation announced on Friday, July 27, its estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Guyana continues to play a key role in pushing the company’s...
News

BP set to acquire $10.5B in shale assets from BHP

OilNOW -
In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil...
News

Guyana remains shining light in Hess portfolio as company reports US$130M Q2 net loss

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the...
News

Tullow Oil records over $500 million profit at half year as plans for oil search in Guyana advances

OilNOW -
UK-based Tullow Oil has recorded revenue of $905 million; gross profit of $521 million; post-tax profit of $55 million and free cash flow of $401 million for the six months ended 30 June 2018. The company, in announcing its 2018...
News

Exxon forging ahead with rapid exploration, appraisal drilling; second well at Ranger targeted

OilNOW -
ExxonMobil is forging ahead with its exploration and appraisal drilling programme offshore Guyana with new prospects in its crosshairs and plans to further assess proven oil fields. As the US oil major updated its total estimated recoverable reserves for...
News

‘We are not embarrassed about who we are’ says Guyana’s Natural Resources Minister

OilNOW -
US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...
News

Guyanese companies making progress in preparation for first oil – CLBD Director

OilNOW -
Guyanese businesses have improved their systems and are successfully joining the supply chain for the South American nation’s emerging petroleum industry. So says Project Director of ExxonMobil Guyana's Center for Local Business Development (CLBD) Patrick Henry who disclosed that over...
1...348349350...378Page 349 of 378

Latest News

Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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