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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

OilNOW -
(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

OilNOW -
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...
News

CNOOC’s Q3 revenues up 16.9 %

OilNOW -
CNOOC announced on October 25 that for the third quarter of 2017 unaudited oil and gas sales revenue for the company reached approximately RMB 35.94 billion, an increase of 16.9 percent over last year. The company reports that this...
News

CNOOC Nexen and Guyana discuss collaboration, future plans

OilNOW -
The relationship between the Government of Guyana and China National Offshore Oil Company (CNOOC) Nexen advanced further on Wednesday when a meeting was held between Raphael Trotman, Guyana’s Minister of Natural Resources and representatives of the company in Guyana. CNOOC...
News

Brazil judge suspends pre-salt oil auctions set for Friday

OilNOW -
(Reuters) - A federal judge in the Brazilian state of Amazonas issued an injunction on Thursday ordering the suspension of the billion-dollar auctions of pre-salt oil and gas rights scheduled for Friday. The injunction was sought by the leftist Workers...
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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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