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Capacity constraints casting dark cloud over oilfield service industry – Rystad Energy

OilNOW -
A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. About 250 new...
News

Singapore jails tanker captain in Shell oil heist case

OilNOW -
(Reuters) - The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell’s biggest refinery over several years. Doan...
News

Trinidad discoveries signal possible resuscitation of onshore production – Kevin Ramnarine

OilNOW -
Former Minister of Energy of Trinidad and Tobago Kevin Ramnarine believes that three recent discoveries of oil or natural gas in South Eastern Trinidad are a significant development and proves that land-based oil production can possibly be resuscitated in...
News

Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

OilNOW -
Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in the Flemish Pass Basin — about 400 kilometres east of Newfoundland and Labrador, CBC said...
Featured

Energy department warns of unrealistic expectations and promises in face of national elections

OilNOW -
As Guyana is approaching national elections, the Director of the country’s Department of Energy (DE), Dr. Mark Bynoe said the Department is cognizant of unrealistic expectations with regards to Local Content. Addressing the Guyana Manufacturing and Services Association’s (GMSA) Annual...
News

ExxonMobil in talks with Guyana government to establish financing facility for small business

OilNOW -
ExxonMobil and the Government of Guyana are examining ways in which a financing facility could be established to provide much-needed capital to small and micro enterprise in the South American country. Speaking at a dinner hosted by the Guyana Manufacturing...
Exploration

Gulf of Mexico trails Guyana for most prospective offshore region

OilNOW -
US oil major ExxonMobil’s record 14 discoveries in Guyana which amount to more than 6 billion barrels of oil resource has placed the small South American country at the top of the list for prospective offshore regions in the...
News

Maduro holds talks with U.S. creditors in a push to end embargo

OilNOW -
(Bloomberg) President Nicolas Maduro of Venezuela, dismissed as a goner after the U.S. put its weight behind his political rival and crippled his government with sanctions, is offering an unorthodox payback to Wall Street creditors as part of a...
News

Oil prices surf near three-month highs

OilNOW -
(Reuters) - Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets. Brent crude futures edged up 8 cents to...
News

American Airlines now flying direct from NY to South America’s newest O&G hotspot

OilNOW -
US-based American Airlines on Wednesday officially began direct flights from New York (NY) to the South American country of Guyana, now on the verge of becoming a major oil producer in the region. The new service will be operated daily...
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Latest News

Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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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