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Venezuela crisis: Will the US target oil exports?

OilNOW -
(BBC) In its battle against the rule of Venezuelan President Nicolás Maduro, the United States has been trying to cripple the government's ability to secure funds and run the country - with sanctions that target officials, some sectors of...
Industry Insight

Policy issues to consider for a Guyanese oil fund

OilNOW -
Economic theory suggests that there are a number of advantages arising from the establishment of an oil fund. These include the opportunity to create sustainable wealth, facilitate economic development over the long-term, enhance economic stability and ensure that the...
News

US Ambassador frowns on TT’s support for Maduro: Rowley lashes back

OilNOW -
Prime Minister of Trinidad and Tobago Dr Keith Rowley has responded to the United States Ambassador to Trinidad and Tobago Joseph Mondello’s statement against Trinidad and Tobago’s position on Venezuela, according to a news report on CNC3’s website. In a...
News

T&T recognizes Maduro as President of Venezuela – Stuart Young

OilNOW -
Trinidad and Tobago’s Minister in the Office of the Prime Minister, Stuart Young has confirmed that the government of Trinidad and Tobago currently recognises Nicolas Maduro as the president of Venezuela. This is according to a report from CNC3 in...
Regional

Break in US-Venezuela relations raises fresh concerns for oil market, OPEC

OilNOW -
A sudden escalation in long-burning tensions between the United States and Venezuela could have far-reaching ramifications in the oil market, where the Bolivarian Republic remains a significant player despite its plunging output, CNBC said in a report Thursday. On Wednesday,...
News

Maduro will face ‘swift and severe’ consequences if US diplomats are harmed – US Senator

OilNOW -
As tensions continue to rise in Venezuela, US Senator Marco Rubio on Wednesday said that embattled leader Nicolas Maduro will face severe consequences if any harm befalls American diplomats in the South American country. Rubio’s comments came hours after Maduro...
News

“Get out!”: Maduro breaks relations with US and demands all consular staff leave in next 72 hours

OilNOW -
Nicolás Maduro spoke from the balcony of Venezuela’s presidential palace Wednesday, where he announced he was officially breaking political and diplomatic relations with the US and ordered all consular staff to leave the country within the next 72 hours,...
Exploration

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

OilNOW -
CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...
News

Venezuela prepares for massive anti-government marches

OilNOW -
(CNN) Scores of people are expected to take to the streets of Venezuela on Wednesday in a revitalized effort against President Nicolas Maduro and his government. The opposition-controlled National Assembly called for Wednesday's nationwide marches after accusing Maduro's government of...
News

BP CEO Bob Dudley sees solid oil demand growth despite fears over global economy

OilNOW -
(CNBC) BP is expecting solid growth in oil demand this year despite growing concerns about a global economic slowdown, CEO Bob Dudley said Tuesday. The British energy giant forecasts the world's appetite for oil will grow by another 1.4 million barrels...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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