Featured

Featured posts

News

Oil price collapse a ‘body blow’ for North Sea oil and gas sector, industry chief warns

OilNOW -
The collapse in global crude prices, led by the US, is a “body blow” for the North Sea industry, and government help will be needed to protect the sector, industry group Oil & Gas UK’s chief executive Deirdre Michie...
Exploration

Low oil price could squeeze out 4 million b/d of non-OPEC supply – WoodMac

OilNOW -
The OPEC+ ‘deal of the century’ last weekend changes oil market dynamics in the short run. The 10 million b/d production cut from May is huge, amounting to 10% of global supply, and it’s needed says Simon Flowers, Chairman,...
News

Large oil traders vie for Guyana marketing deal despite price plunge

OilNOW -
(Reuters) - Guyana has attracted interest from several oil trading companies for a contract to serve as the marketing agent for the government’s share of the country’s crude, despite a plunge in global prices, four people familiar with the...
News

Halliburton suffers net loss of $1 billion and 12% decrease in revenue in Q1 2020

OilNOW -
Halliburton Company announced on Monday that it made a net loss of $1.0 billion, or $1.16 per diluted share, for the first quarter of 2020. According to the company, this compares poorly to net income for the first quarter...
News

Tullow Oil appoints Rahul Dhir as CEO

OilNOW -
Tullow Oil plc on Tuesday announced the appointment of Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. Dhir will take up his appointment from July 1, 2020 and Dorothy Thompson, currently Executive Chair of...
News

World’s biggest oil storage firm says almost all space sold

OilNOW -
(Bloomberg) The world’s biggest independent oil storage company said that space for traders to store crude and refined fuels has all but run out as a result of the fast-expanding glut that’s been caused by Covid-19. “The available capacity on...
Opinions

OPINION: Bottom has fallen out for WTI oil prices: close watch on Brent futures for Guyana

Bobby Gossai, Jr. -
West Texas Intermediate crude turned negative today, reaching the lowest on record with its seventh consecutive decline and the biggest fall on record. Chevron and Exxon led losses in the blue-chip index as West Texas oil futures expiring Tuesday...
News

Forbes: Don’t panic…it is not oil price Armageddon

OilNOW -
For perspective, it is not oil price Armageddon. West Texas Intermediate (WTI) May-dated futures contracts, which expire on Tuesday, require futures buyers to take delivery of the oil that is in Cushing, Oklahoma, the largest crude oil storage hub...
News

WTI Oil crashes 99% to 1 cent per barrel

OilNOW -
U.S. oil prices plummeted in historic fashion Monday, hitting their lowest level on record as traders unloaded positions ahead of the May contract's Tuesday expiration, Yahoo Finance said in a report on Monday. West Texas Intermediate crude oil futures for...
News

Global shut-ins surge as Canada, Venezuela among those leading 2 million bpd drop off

OilNOW -
After three consecutive months of Covid-19 demand destruction and gravity-defying oil prices, operators are finally being forced to shut-in considerable production volumes. Globally, at least 1.9 million barrels per day (bpd) of oil production have been booted offline in...
1...721722723...993Page 722 of 993

Latest News

NewsShikema Dey -

SBM Offshore turnkey revenue doubles on progress of Jaguar and GranMorgu FPSOs 

SBM Offshore's Turnkey revenue doubled in the first half of 2025 to US$1.32 billion, up from US$662 million in...

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