Showing results for:

News

Exxon mulling dumping stakes in Italy’s main regasification terminal

OilNOW -
Keeping to its strategy to divest from non-core assets, ExxonMobil is mulling selling off its majority stake in Italy’s main regasification terminal - Rovigo LNG.  Also called Adriatic LNG, the terminal is owned by ExxonMobil Italiana Gas S.r.l. which holds...
News

Guyana is already where the world is hoping to get by 2050 – Jagdeo

OilNOW -
With 85% of its territory covered in dense forests that remove about 154 million tons of CO2e every year, Guyana is automatically catapulted to where most of the world hopes to be by 2050, says Vice President, Dr. Bharrat...
News

Gas project a main pillar in Exxon’s commitment to providing sustainable development in Guyana – Liam Mallon

OilNOW -
One of ExxonMobil’s key commitments to Guyana, according to President of Upstream Oil and Gas, Liam Mallon, is ensuring that it develops its business in a manner that provides sustainable benefits to all stakeholders.  A main pillar of that is...
News

New Guyana oil contracts looking to set stricter path to final investment decisions

Kemol King -
With Guyana’s draft model petroleum agreements now in the public domain, it is clear that the government is seeking to encourage international oil companies (IOCs) to commit to development of commercial discoveries in a timely manner. The contract effectively...
News

Brazil’s first-ever remote subsea inspection survey completed

OilNOW -
Dutch geo-data specialist Fugro and Brazil state-owned Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of the South American country. Fugro said the technology trial was carried out in collaboration with Petrobras...
News

Major increase in traffic expected at main Guyana harbour with Exxon’s planned 35-well campaign – CIA

OilNOW -
Vessel calls at the Georgetown harbour are set to increase exponentially with ExxonMobil Guyana’s planned 35-well drill campaign in the offshore Stabroek Block.  According to the Cumulative Environmental Assessment (CIA) it submitted to the Environmental Protection Agency (EPA),...
Opinions

Guyana’s sustainable approach to economic development

OilNOW -
By Cristina Caus - OilNOW Last month, Guyana gathered leaders for a four-day international energy conference to discuss how the oil & gas sector can harness the country’s development. Given the current global energy context, sustainability was the hot-button topic...
News

Unlimited insurance coverage unheard of but parent companies can be held liable – Guyana EPA

OilNOW -
Guyana's Environmental Protection Agency (EPA) has reiterated its commitment to ensuring the country holds no liability in the unlikely event of an oil spill in the offshore Stabroek Block.  Current Permits are held by ExxonMobil Corp. subsidiary, Esso Exploration and...
News

Guyana Shore Base stresses safety after woman enters West Bank construction site

OilNOW -
The Guyana Shore Base Inc. (GYSBI) is stressing the importance of safety after an incident that saw a woman entering an active construction site at Reynstein, West Bank Demerara.  The woman, Elizabeth Deane Hughes, wrote a letter to local...
News

Guyana offshore investments at US$7B in 2023 as global oil activities surge – Rystad Energy

OilNOW -
Annual greenfield capital expenditure is set to break the US$100 billion threshold this year, according to Norway’s Rystad Energy as offshore development activities surge globally. And investments in Guyana’s offshore Stabroek Block will take up US$7 billion of that...
1...130131132...325Page 131 of 325

Latest News

NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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