Featured

Featured posts

News

Brazil offshore oil rigs hardest hit by COVID-19

OilNOW -
There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently on offshore oil platforms, regulator ANP told Reuters on Tuesday, exposing an outbreak far worse than previously...
News

Chevron exits Azerbaijan in billion dollar plus deal

OilNOW -
Chevron Corporation (NYSE: CVX) announced on Thursday that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline located in...
News

Saipem withdraws 2020 guidance over growing market uncertainty

OilNOW -
Italian multinational oilfield services company Saipem said on Wednesday the growing uncertainty caused by the COVID-19 pandemic might cause a sharp demand contraction and consequently a delay of some its projects. Saipem said its Board of Directors resolved to withdraw...
Exploration

Brazil’s Petrobras shutting down 62 offshore platforms

OilNOW -
(Reuters) - Brazil’s state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the Campos, Sergipe, Potiguar and Ceara basins. Petrobras, as the company is known, had previously announced the...
News

Unforeseen events delaying offshore developments in Guyana

OilNOW -
Approval for ExxonMobil’s 3rd development project at the Stabroek Block offshore Guyana remains stalled due to what the country’s Department of Energy (DE) has described as recent ‘national and international events’. The spread of the novel coronavirus and an election...
News

Largest supply-demand imbalance in history pushing US storage to its limits

OilNOW -
US crude oil stock builds hit a new weekly record in the week ending April 10 (week 15) as about 17.2 million barrels were sent into storage, Norway-based Rystad Energy estimates. It said this new record is forecast to...
News

Oil industry could be wiped out “on the other side of the pandemic” – US Energy Secretary warned

OilNOW -
The United States Energy Secretary Dan Brouillette has noted that if oil producing countries did not agree to cuts in an attempt to rebalance a low price market and to counter the heavy impact of COVID-19, there may not...
Exploration

Oil prospects keeping Guyana’s outlook favourable

OilNOW -
The vast oil fields which have been discovered off the coast of Guyana by ExxonMobil continue to boost the economic outlook of the country even in light of an imminent global recession and growing domestic challenges triggered by political...
News

BPTT’s gas operations continue despite COVID-19 difficulties – Claire Fitzpatrick

OilNOW -
Regional President of BP Trinidad and Tobago (BPTT) Claire Fitzpatrick said even though her company has been forced to make changes to its operations due to COVID-19, there has been no disruption in its supply of natural gas. According to...
News

Bloomberg: World economy may be crashing but Guyana still seen Growing 53%

OilNOW -
(Bloomberg) The world may be falling into its worst recession in almost a century, but one tiny South American economy is still forecast to grow 53% this year. Guyana will enjoy by far the world’s fastest expansion, and will be...
1...696697698...966Page 697 of 966

Latest News

NewsOilNOW -

Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

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