Featured

Featured posts

News

Venezuela’s military to escort Iranian tankers bringing petrol

OilNOW -
The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday. Five vessels are on the high seas and are due...
Exploration

U.S. grants royalty relief to hard-hit oil and gas drillers

OilNOW -
(Reuters) The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database, as the industry seeks help weathering low energy prices. The move shows drillers...
News

Shell evacuates foreign staff from Iraq’s Basra Gas project – executive

OilNOW -
(Reuters) – Shell has temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of the country but production was not disrupted, officials and company executives said on Thursday. The staff...
News

Total lands $15 billion financing commitment for Mozambique project

OilNOW -
(Bloomberg) - A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter. The first and most significant phase of...
News

ExxonMobil Guyana names new President as Henson appointed Global VP in Houston

OilNOW -
ExxonMobil Guyana President Rod Henson will be leaving the South American country in the coming months to take up a new position as Vice President, Wells, for ExxonMobil in Houston, with responsibility for all drilling activities around the world. The...
News

Guyana competing for investments and must get its act together – Chamber President

OilNOW -
Political instability is a major deterrent to economic growth and Foreign Direct Investment (FDI) and with competition for financial resources, investors looking to come into Guyana will tend to reconsider their options if an improvement in the country’s political...
News

Aquaterra gets Trinidad & Tobago platform contract

OilNOW -
UK-based Aquaterra Energy, a global offshore engineering solutions provider, has been awarded the FEED (Front End Engineering and Design) contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field, off of the...
Exploration

Factbox: Oil and gas industry delays repairs amid virus lockdown

OilNOW -
(Reuters) - The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say. Below is a...
Exploration

NOCs slashing exploration budgets by over 25% this year

OilNOW -
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three...
News

Tanker arrives to lift Guyana’s second 1 million barrels of Liza Crude

OilNOW -
The oil tanker Sonangol Namibe has arrived offshore Guyana to lift the South American country’s second 1 million barrels of oil from the Liza Destiny FPSO at the Stabroek Block. OilNOW understands the Bahamas flag carrier is expected to begin...
1...679680681...963Page 680 of 963

Latest News

NewsOilNOW -

“Delay, Baby, Delay”: Oil industry to pull back as prices tumble – Wood Mackenzie

The global oil industry is preparing to delay spending and development in response to falling crude prices and market...

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