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Halliburton to provide Petronas with landmark software for E&P activities

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Halliburton said on Tuesday it has received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization initiatives and reduce exploration time by increasing collaboration and efficiency. PETRONAS is the custodian of Malaysia’s oil and gas...
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Liza Crude fixed for China delivery in July – S&P Global Platts

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The medium sweet Liza Crude being produced offshore Guyana was fixed for China delivery this month during which more rare grades were expected to arrive, with Chinese independent refiners now open to buying anything economically competitive, S&P Global Platts...
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End game for oil? OPEC prepares for an age of dwindling demand

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(Reuters) - The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand, and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a...
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Analysis: India bonds with Iraqi crude amid Venezuelan, Saudi supply squeeze

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(S&P Global Platts) Singapore — India is increasingly turning to Iraq to feed its insatiable appetite for heavy sour crude following a squeeze in supplies from Venezuela and Saudi Arabia, helping the second-largest OPEC producer to emerge as the biggest...
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Oil trading profits soar for energy majors who made storage bets

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(Bloomberg) –In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into...
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Canje Block partner JHI Associates once again backing Guyana Amazon Warriors

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JHI Associates Inc. announced on Monday that it is entering its second season as an Official Sponsor of the Guyana Amazon Warriors. The Warriors will represent Guyana in the Hero Caribbean Premier League 2020 cricket tournament from August 18...
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Shell’s final lift of Liza crude could push Guyana’s revenue well over US$130 million

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Shell Western Supply and Trading Limited will lift its third and final 1 million barrels of Liza Crude next week under the existing contract it has with the government of Guyana which could see the country’s revenue from oil...
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Oil stable as signs of easing virus offset U.S.-China tensions

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(Bloomberg) Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5%...
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Rystad Energy says 2nd COVID-19 wave expected to be less destructive on oil demand

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As COVID-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now changing its base case scenario for oil demand, incorporating...
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China imports more oil from Saudi than any other country in June

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(Reuters) - China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the...
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TEDxTurkeyen conference to spark bold civic dialogue this August

A “space for fresh ideas, civic reflection, and visionary thinking”, TEDxTurkeyen is set to debut on August 29 at...

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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