Featured

Featured posts

News

Exxon, Chevron slam brakes on shale as oil demand tumbles

OilNOW -
(Reuters) - Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude prices and fuel...
News

Exxon posts quarterly loss of $610 million – Guyana helps boost liquids production

OilNOW -
Exxon Mobil Corporation announced on Friday an estimated first quarter 2020 loss of $610 million, or $0.14 per share assuming dilution, compared with earnings of $2.4 billion a year earlier. Results included a $2.9 billion charge from identified items,...
News

Guyana receives almost US$5 million in first royalty payments

OilNOW -
The first payments of royalty due to Guyana from oil produced for the months of January, February and March have been deposited into the country’s Natural Resources Fund (NRF) account held at the Federal Reserve Bank of New York. On...
News

Global oil glut reducing but just 400 million barrels of storage left – Rystad Energy

OilNOW -
The global imbalance between oil supply and demand, which has built to 26.4 million barrels per day (bpd) in April due to the Covid-19 pandemic, is set to halve to 13.6 million bpd in May and fall further to...
News

ExxonMobil Guyana continues to take all precautions for COVID-19

OilNOW -
As oil production operations progress at the Liza Phase 1 Development offshore Guyana, ExxonMobil, operator at the 6.6 million acres Stabroek Block, says it continues to take all precautions to safeguard the health of workers. LISTEN TO AUDIO CLIP https://youtu.be/Sh-MgChnM0w  
News

Venezuela’s PDVSA considers dramatic changes to revive oil production

OilNOW -
New leadership at Petroleos de Venezuela SA is considering a major overhaul that could see the company streamlining its oil business and even forsaking decades of state monopoly, according to people familiar with the matter, Bloomberg said in a...
News

Shell cuts dividends for the first time since World War II

OilNOW -
Oil major Royal Dutch Shell said on Thursday it will be cutting dividend to shareholders for the first time since World War II, following a dramatic decline in oil prices amid the coronavirus crisis. According to a CNBC report, the...
News

ExxonMobil, Stabroek co-venturers plug GY$60M into COVID-19 relief efforts

OilNOW -
The Civil Defence Commission (CDC), Salvation Army and Rotary Guyana have received more than GY$60 million to support COVID-19 relief programmes. ExxonMobil Guyana and the Stabroek Block co-venturers, Hess and CNOOC, are providing funds as part of the programme established...
News

US oil surges 16% as inventories reportedly rise less than expected

OilNOW -
West Texas Intermediate (WTI) for June delivery surged 17.10%, or $2.11, to $14.45 per barrel, while international benchmark Brent crude traded 4.8% higher at $21.49, CNBC reported on Wednesday. The surge higher came after data from the American Petroleum Institute showed Tuesday that U.S....
Exploration

Global exploration & production revenues will fall by staggering 1 trillion dollars – Rystad Energy

OilNOW -
The devastating effect of the COVID-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the industry’s expected total annual revenues for 2020. A Rystad Energy analysis shows that global E&P...
1...704705706...981Page 705 of 981

Latest News

OpinionsOilNOW -

Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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