Showing results for:

News

Guyana at cross-roads with big opportunity for security, stability – ASP

OilNOW -
In less that 24 months Guyana, located on the northern shoulder of South America, will begin producing oil from its vast offshore reserves discovered by US oil major ExxonMobil. The opportunity that oil wealth presents is clear, says the...
News

Noble Tom Madden arrives in Guyana

OilNOW -
The Noble Tom Madden drillship arrived offshore Guyana on Friday. The 752 ft vessel was contracted by ExxonMobil Guyana to undertake exploration activities in the 6.6 million acres Stabtoek Block where a record 9 discoveries have already been made,...
News

Petrobras-led group drills first well in Peroba subsalt area

OilNOW -
A consortium of Petrobras, BP Energy and CNPC has started drilling its first well in the offshore Brazil Peroba subsalt area, Petrobras said Friday. According to an S&P Global Platts report, the group acquired the area during Brazil's third subsalt...
News

Brazil’s Petrobras receives $149M payment from SBM in leniency deal

OilNOW -
(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said...
News

Guyana could become ‘linchpin of stability’ for greater Caribbean Basin – ASP

OilNOW -
No one should pretend that just because Guyana found oil and will profit from its extraction that its history, divided politics, and geopolitical challenges are gone, says the American Security Project (ASP). On the other hand, no one should...
Uncategorized

Noble Tom Madden in Caribbean Sea on course for Guyana; ETA October 24

OilNOW -
ExxonMobil Guyana’s third drillship – the Noble Tom Madden is forging ahead on its journey to the South American country and is currently positioned just South of Jamaica in the Caribbean Sea. OilNow understands the vessel is expected to arrive...
News

ExxonMobil expects FID on Liza Phase 2 within months

OilNOW -
Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on the giant Liza Phase 2 Development project within months. The company is awaiting Environmental Authorization from...
News

Kosmos comes up dry again offshore Suriname

OilNOW -
Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil. This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came...
News

Exxon explores selling U.S. Gulf of Mexico assets

OilNOW -
(Reuters) - Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world's largest publicly listed oil company to review its portfolio, people familiar with the matter said...
News

Reducing revenue leakage among Energy Dept top priorities

OilNOW -
Among the top priorities for recently appointed Head of the Government’s Energy Department, Dr. Mark Bynoe is “reducing revenue leakage” or the unnoticed or unintended loss of revenue. Dr. Bynoe was appointed to lead the department which was set up...
1...272273274...295Page 273 of 295

Latest News

NewsOilNOW -

Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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