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Exploration

CNOOC Limited makes discovery in UK North Sea

OilNOW -
CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...
News

3rd batch of subsea pipes for Liza Phase 1 expected within weeks – Saipem

OilNOW -
The third batch of sub-sea pipes for the Liza Phase 1 Development Project is expected to arrive in Guyana within weeks as work intensifies ahead of first oil in the South American country. Speaking to OilNOW on Thursday at the...
Exploration

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

OilNOW -
CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...
News

Second shipment of Liza Phase One undersea pipes arrives

OilNOW -
Italian firm Saipem, one of the Prime Contractors for ExxonMobil Guyana and its joint venture partners HESS and CNOOC Nexen, has brought in its second shipment of 2,684 pipes for the Liza Phase One project timetabled to commence production...
News

Busy year ahead for ExxonMobil Guyana as country gallops to first oil

OilNOW -
2019 will be a ‘very busy year’ for ExxonMobil in the new South American oil and gas hotspot of Guyana, as exploration activities are ramped up and work intensifies in preparation for first oil by 2020. “We are currently drilling two...
News

Norway awards 33 oil firms a record number of exploration blocks

OilNOW -
(Reuters) Norway awarded 33 oil companies a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, the country’s oil and energy minister said on Jan. 15. A total of 38 oil companies had...
Exploration

Shift in equity financing, farm-in timetable won’t affect CGX’s first well

OilNOW -
CGX Energy Inc. and Frontera Energy Corporation say that a pushing back of their equity financing and joint venture farm-in timeline to February 6. 2019 will not affect the drilling schedule for Utakwaaka-1 exploration well offshore Guyana in November. The...
News

TechnipFMC’s Chairman calls it a day

OilNOW -
ExxonMobil Guyana Prime Contractor – TechnipFMC, announced on Wednesday that the company’s Executive Chairman, Thierry Pilenko has decided to retire from the Board of Directors, effective May 1, 2019, after the Company’s Annual General Meeting. Mr. Pilenko was appointed Executive...
News

Private refiners in Guyana will have to buy oil at market cost

OilNOW -
The Government of Guyana will not sell oil at a subsidized cost to any private investor who undertakes to build a refinery in the South American country. “Anyone who wishes to open a refinery can do so but they will...
News

Guyana should seek broader alliance with US military to ward off threat from ‘desperate Venezuelan regime’ – Former Minister

OilNOW -
A former Guyanese government official believes that a sustained programme to facilitate military tactical support and coordination between Guyana and the United States of America would help to deter further aggression from Venezuela. Former Minister of Natural Resources and the...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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.

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