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ExxonMobil back to full drill capacity at Guyana’s Stabroek Block

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Following a slowdown in drill operations offshore Guyana due to COVID-19 related measures, ExxonMobil is now back to full drill capacity at the 6.6 million acres Stabroek Block where it has so far discovered more than 8 billion barrels...
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Change in government will not disrupt Guyana’s O&G sector – IHS Markit

OilNOW -
A change in government in South America’s newest oil producing nation Guyana is not expected to have an adverse effect on the country’s emerging oil and gas sector since both of the major political parties are seen as pro-investment,...
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Oil tankers turn away from Venezuela as more sanctions loom

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(Reuters) - Oil tankers that were sailing toward Venezuela have turned around and others have left the country’s waters as the United States considers blacklisting dozens of ships for transporting Venezuelan oil, according to shipping data and industry sources. The...
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U.S. to cut off Iran-Venezuela trade by sanctioning oil tankers

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(Bloomberg) - The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter. The sanctions...
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Glut no more: Fresh OPEC+ cuts point to crude and condensate supply deficits through 2021

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The forced oil production shutdowns and the extension of the generous OPEC+ voluntary cuts into July will not only balance the Covid-19-hit global crude and condensate demand, but are deep enough to create a monthly deficit starting from June...
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ExxonMobil collaborates with Guyanese partners to improve access to education

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ExxonMobil Guyana is supporting several programs that will help students keep up with their studies while schools across Guyana remain closed during the COVID-19 pandemic. The company said Tuesday it has contributed GY$15 M to support continuing education programmes offered through...
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Recount shows Guyana opposition secured majority of votes in elections

OilNOW -
A 33-day long recount of the ballots in Guyana’s March 2 General and Regional Elections shows that the opposition People’s Progressive Party Civic (PPP/C) secured a majority of the votes and pending a declaration by the electoral body, should...
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Oil price war was a ‘very big mistake,’ – Qatar Energy Minister

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(CNBC) Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and Russia to launch into a price...
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BP to slash one seventh of workforce in a major cost-cutting move

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(S&P Global) BP announced one of the most aggressive wave of job cuts in its history June 8, with plans to slash a seventh of its global workforce, as the oil major looks stem losses from the pandemic-triggered oil...
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Energy companies keeping wallets closed for Republican campaigns

OilNOW -
(Bloomberg) --The oil and gas industry, long one of the most reliable sources of campaign cash for Republican candidates at all levels, is turning a cold shoulder to President Donald Trump. Reeling from the worst oil-price crash on record and...
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Kamla Persad-Bissessar returns as TT PM in historic win

Voters in Trinidad and Tobago have removed the ruling People’s National Movement (PNM) from power. Electing the United National...

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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