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2023

Petrobras said it surpassed production milestones in 2023

Brazilian state-owned oil and gas company Petrobras said it has exceeded its strategic 2023-27 guidance, achieving new oil and gas production milestones in 2023.  Petrobras said it achieved a total oil and natural gas production of 2.78 million barrels of...

OilNOW’s top stories of 2023

Here are the stories that you, the readers, were most interested in, last year: January: Exxon strikes more oil at Fangtooth well offshore Guyana The first discovery made offshore Guyana in 2023 was at Fangtooth Southeast, an appraisal well that indicated...

Driller with most rigs offshore Guyana sees massive 364% jump in net income

Noble Corporation plc today reported a significant increase in its financial metrics for the third quarter of 2023, on October 31. The net income surged 364% to US$158 million, compared to US$34 million in the same period last year....

ExxonMobil snags US$7.9B in profits for 2023 second quarter

American multinational, ExxonMobil Corporation, announced Friday that it made US$7.9 billion or US$1.94 per share during the 2023 second quarter. This represents a US$3.7 billion decline in profits compared to its US$11.6 billion earnings for the first quarter. When compared...

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Petrobras begins divestment of Tartaruga shallow water field

Petrobras has launched the divestment process for its 25% minority stake in the Tartaruga field, located in shallow waters...