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Letter-to-the-Editor: Further discussion needed on size of gas pipeline, use of growing resources

OilNOW -
Dear Editor, I read with great interest the article entitled “Gas-to-power seen as a game changer for Guyana’s energy sector” as found in the impressive second edition of the local publication ENERGY. On the surface it appears to be an...
Opinions

Stakes are high for Guyana and Venezuela in long-standing border controversy

OilNOW -
By Ivelaw Lloyd Griffith - OilNOW In the first article in this four-part series, I focused on Venezuela’s recent saber-rattling moves. In this 2nd part I turn attention now to stakes involved for the two South American nations. The spotlight on...
News

India’s thirst for more crude grows, focus deepens on Guyana, Venezuela and Iran

OilNOW -
India Petroleum Minister Dharmendra Pradhan says New Delhi has an aggressive diversification strategy in place that provides flexibility in sourcing cargoes from a world awash with oil. The country has been buying new grades from areas outside of the Middle...
News

Brazil’s Bolsonaro wants to change Petrobras’ fuel-price policy

OilNOW -
(S&P Global Platts) Rio de Janeiro — Brazilian President Jair Bolsonaro once again warned of changes at state-led Petrobras in a move that raised the specter of renewed government interference at the company that could lead to changes in...
News

Partnership is fastest way to help Guyanese build capacity for oil sector – GCCI President

OilNOW -
While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in a very short time so that they can participate in the oil sector. This is...
News

Venezuela completes offloading of crude from vessel that was tilting near T&T

OilNOW -
Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO) Nabarima which has been immobilized and anchored in the Gulf of Paria in the northeastern part of the country’s waters...
News

Exxon may shut down its oil refinery in Norway

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(Reuters) - Exxon is considering whether to close down its Slagen oil refinery in Norway, which has a capacity to process 120,000 barrels of crude per day, turning the site into an import terminal, the U.S. energy major said...
News

Stabroek Block co-venturer Hess sells some of its assets in the Bakken

OilNOW -
Hess announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1,...
News

‘Energy Guyana’ rolls out 2nd edition with focus on gas-to-power, increased local participation in industry

OilNOW -
The 2nd edition of the new publication – Energy Guyana – was released this week with special focus on the country’s plans to pipe gas to shore from the Liza field, government’s push towards renewable energy and the increasing...
News

Tankers brace for challenging quarter, Guyana long voyages bring hope – Platts

OilNOW -
Over the next three months clean and dirty tankers across the globe will face challenges due to lower oil trade flow, weak refining margins and lingering supply cuts, and will be looking for longer voyages from places such as...
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‘Discovery 6’ Supercomputer unlocks over US$1 billion in value from Guyana operations – ExxonMobil

ExxonMobil has commissioned one of the world’s most powerful supercomputers, Discovery 6, to boost efficiency and accelerate data analysis...

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.

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