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Exploration

Africa Oil enters partnership with Eco Atlantic for Guyana, Namibia acreages

OilNOW -
Africa Oil Corp. says it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in Guyana and West Africa. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77%...
News

Former SBM CEO, sales executive, plead guilty in Petrobras scandal

OilNOW -
(Bloomberg) A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. ExxonMobil Guyana closely studying Petrobras corruption case...
News

VLCC for Liza Destiny conversion to arrive in Singapore this month

OilNOW -
SBM Offshore expects the Very Large Crude Carrier (VLCC) for ExxonMobil’s Liza project offshore Guyana to sail into Keppel Shipyard in Singapore later this month, for conversion to an FPSO. The program should get under way later this year. The shipyard’s work scope includes refurbishment...
News

World Bank, Norway back Ghana O&G capacity program

OilNOW -
The World Bank and government of Norway are funding an Accelerated Oil and Gas Capacity Program spearheaded by the West African country’s Ministry of Energy, aimed at equipping Ghanaians with the skills and competences required by the oil...
News

Chevron green lights its first Canadian shale development

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(Reuters) - Chevron Canada, a unit of global oil major Chevron Corp, is forging ahead with its first ever Canadian shale play development, targeting the East Kaybob region of central Alberta's Duvernay formation. The decision, announced by the company on...
News

Tullow secures Ghana approval for greater Jubilee field development

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Tullow Oil has secured government approval for its Greater Jubilee full-field development plan off Ghana. This is according to joint venture partner Kosmos Energy. In their Q3 2017 results released today, Kosmos said, “In mid-October, the partnership received approval for...
Featured

A decade after oil discovery! The bold steps, the mistakes, the lessons, and the future

OilNOW -
Like Guyana, the first major oil discovery was made in the West African country of Ghana in the same year the country celebrated its 50th Independence Anniversary. The hope was that oil revenue would help to advance the country's growth...
News

Repsol nets over 1.5B euros in profit

OilNOW -
Repsol is reporting that it earned a net profit of 1.583 billion euros in the first nine months of 2017, 41% more than during the same period of the previous year, in which the company earned 1.12 billion euros. A...
News

Guyanese business group for Canada visit in November

OilNOW -
A group of Guyanese private sector representatives will be travelling to the Canadian Province of Newfoundland and Labrador to explore business opportunities in the oil and gas and supporting sectors. This was disclosed by Canadian High Commissioner to Guyana, Lilian Chatterjee,...
Opinions

Oil exploration is high cost, high risk

OilNOW -
One of the riskiest businesses is oil and gas (O&G) exploration. The risk climbs exponentially if it is taking place in a virgin basin, not yet proven its commercial potential. O&G projects are by nature risky ventures due to...
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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...

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