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Iran is sending its biggest fleet of tankers to Venezuela in defiance of U.S. sanctions

OilNOW -
(Bloomberg) Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Some of the flotilla of...
News

FAO expects O&G to push higher demand for seabob in Guyana, the world’s largest producer

OilNOW -
Guyana is the world’s largest producer of Atlantic seabob, a commercially important shrimp that is caught from the Atlantic coast of the US all the way down to Brazil. With the emerging oil and gas industry in Guyana, the...
News

Guyana President vows to break CARICOM trade barriers, says country now ‘negotiating from the front’

OilNOW -
Guyana’s President, Dr Irfaan Ali on Friday announced the formulation of a joint high-level team comprising government and private sector representatives to examine the existing barriers to trade which the country faces, particularly in the CARICOM region. The Head of...
News

Guyana oil and gas potential ushering in new era of partnership, development

OilNOW -
The emergence and fast-paced development of Guyana’s promising oil and gas sector has had a positive impact on and been a catalyst for international partnerships between local and foreign businesses. These partnerships are resulting in employment and capacity building...
News

One of world’s largest iron ore companies deploys 10-member team to Guyana with focus on renewables

OilNOW -
A ten-member team from Australia-based Fortescue Metals Group (FMG) arrived in Guyana on Friday to pursue talks on investment opportunities in the new oil producing South American country. The team, led by FMG’s Deputy Chief Executive Officer (CEO) Julie Shuttleworth...
News

Impassioned calls made for investment, strong partnerships at launch of Canada-Guyana Chamber

OilNOW -
The building of strong partnerships and need for robust investment across a number of sectors in Guyana were underscored on Friday at the launch of the Guyana-Canada Chamber of Commerce held at the Arthur Chung Conference Centre, on the...
Exploration

Equinor comes up dry in Barents Sea

OilNOW -
Equinor Energy AS, operator of production licence 960, has come up dry at the wildcat well 7018/5-1 in the Barents Sea. The well was drilled about 100 kilometres southwest of the Snøhvit field, and about 195 kilometres west of...
Exploration

Brazil’s Petrobras could turn to Guyana for offshore acreage, CEO says

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras could turn to Guyana for access to acreage along South America's equatorial margin if local environmental regulators do not grant permits to drill in Brazil's Foz do Amazonas Basin, CEO Roberto Castello...
News

In a low oil price world fiscal terms will have to be competitive, but contracts must also be progressive – expert says

OilNOW -
The world is moving now faster than ever towards renewable energy sources and this along with other factors that impact the demand for oil means that going forward, prices are not likely to increase beyond $50 per barrel. This,...
News

U.S State Department supporting oil spill response preparation efforts

OilNOW -
With Guyana now being an oil producing nation that currently has one operational field within the multi-billion barrel Stabroek Block as well as two other slated to begin production by 2025, the country has placed keen focus on oil...
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Latest News

NewsShikema Dey -

Guyana hits record three-quarter million barrels of oil per day

Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil...

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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