Featured

Featured posts

News

Tankers queue off China’s coast as demand for oil rebounds

OilNOW -
(AlJazeera) Queues of tankers have formed off China's busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand. Two dozen or more crude-laden tankers are...
Exploration

Exploration acreage totalling almost 4 times the size of Stabroek Block up for grabs

OilNOW -
Oil and gas companies currently have assets for sale around the world with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some...
News

US sanctions companies linked to Venezuela oil trade

OilNOW -
The United States Department of Treasury’s Office of Foreign Assets Control on Monday June 2, 2020, designated four companies for operating in the oil sector of the Venezuelan economy. Additionally, OFAC identified four vessels as blocked property. “Department of Treasury...
News

SBM Offshore in search of technicians, engineer for Guyana operations

OilNOW -
SBM Offshore is looking to fill several more positions for its activities in Guyana where it operates the Liza Destiny Floating Production Storage and Offloading (FPSO) oil production complex at the Stabroek Block. The company said in a new advertisement...
News

Iran ready to ship more fuel to Venezuela despite US ‘threats’

OilNOW -
(AJazeera) Iran has said it will continue fuel shipments to Venezuela if Caracas requests more supplies, despite criticism from the United States of trade between the two nations, both under US sanctions. "Iran practices its free trade rights with Venezuela,...
News

Greenlee to retire as President of ExxonMobil Upstream Business Development Company

OilNOW -
Steve Greenlee, President of ExxonMobil Upstream Business Development Company, has elected to retire on July 1 after more than 38 years of service. Exxon Mobil Corporation said Monday its board of directors has appointed Linda DuCharme as president of ExxonMobil...
News

Qatar Petroleum enters shipbuilding deal worth over $19 billion

OilNOW -
Qatar Petroleum said on Monday it has entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea to be utilized for Qatar Petroleum’s future LNG carrier fleet requirements, including those for the ongoing expansion...
News

OPEC+’s talks for short extension to cuts leave oil prices flat

OilNOW -
(Bloomberg) The oil market took an initially neutral view on OPEC+ deliberations that could result in the producers group announcing a short extension to unprecedented output curbs. Futures in New York were virtually unchanged near $35 a barrel. The Organization of Petroleum...
News

Canje could be next block to deliver big oil pay in Guyana deepwater

OilNOW -
The prolific Stabroek Block offshore Guyana has been described as the ‘block that keeps giving’ with 16 discoveries to date delivering more than 8 billion barrels of oil equivalent resources. Now, all eyes are on the adjacent Canje Block...
News

Absence of Parliamentary oversight in Guyana stalls hiring of administrator for transparency report

OilNOW -
The delay in the commencement of the next session of Parliament in Guyana is affecting the hiring of an Independent Administrator which will play a key role in compiling the country’s second report for submission to the International Secretariat...
1...673674675...962Page 674 of 962

Latest News

NewsOilNOW -

New oil spill bill places full liability on companies for damages and clean-up 

Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause,...

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