Showing results for:

News

Exxon strikes oil again offshore Guyana in 7th discovery

OilNOW -
ExxonMobil has made its 7th oil discovery offshore the South American country of Guyana at the Pacora well, located approximately 4 miles from the Payara reservoir in the Stabroek Block. OilNOW understands that while the discovery is not the largest...
News

Eco Atlantic now recognized as TSX Venture 50 Company

OilNOW -
In wake of its announcement of a potential 1 billion plus barrels of oil at its Orinduik Block offshore Guyana, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), said Friday that it has been recognized as a 2018...
News

Aker Energy buys Hess Ghana business, expects first oil in 2021

OilNOW -
Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...
News

ExxonMobil takes Bristow helicopters for Guyana ops

OilNOW -
(Offshore Energy) Offshore helicopter services provider Bristow has secured a multi-year contract to provide helicopter offshore crew change and search and rescue (SAR) services to support ExxonMobil in Guyana. The five-year deal, which is a renewal of an existing contract,...
News

Guyana oil will fuel global economic growth – ExxonMobil VP

OilNOW -
The emerging oil and gas industry in Guyana, where ExxonMobil has to date discovered an estimated 3.2 billion recoverable oil-equivalent barrels, will not only fuel economic growth in the South American country, but across the world. This is according...
News

Mega petroleum summit opens today in Guyana

OilNOW -
All roads will lead to the Guyana Marriott Hotel today as the country gets ready to host the inaugural Guyana International Petroleum Exhibition and Summit – GIPEX 2018. With six significant discoveries made in the offshore Stabroek block in just...
News

GIPEX registration approaching maximum capacity; organisers prepare for grand opening

OilNOW -
With just 24 hours remaining before the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX) begins, organisers say registration is approaching maximum capacity, even as more persons look to sign on to participate in the signature event. “For the inaugural...
News

China’s CNOOC plans to ramp up spending by at least 40 percent in 2018

OilNOW -
Chinese offshore oil and gas company CNOOC Ltd said on Thursday it planned to ramp up spending by at least 40 percent in 2018, as well as raise production, thanks to a more “suitable” oil price, Reuters reports. CNOOC Nexen...
News

Exxon moving to develop Payara by 2023; Guyana oil production could hit 450,000 bpd

OilNOW -
Exxon Mobil Corporation could sanction its third development project offshore the South American country of Guyana as early as 2023. The company’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury told participants during its fourth quarter earnings call...
News

President Granger welcomes UN decision on border controversy with Venezuela

OilNOW -
Guyana’s Head of State, President David Granger has hailed the decision to refer the controversy arising out of the claim by the Bolivarian Republic of Venezuela to Guyana’s territory, to the International Court of Justice (ICJ). United Nation’s (UN) Secretary...
1...307308309...331Page 308 of 331

Latest News

NewsOilNOW -

TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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