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IEA urges OPEC to open the taps as oil market enters ‘red zone’

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(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are...
News

ADNOC, Baker Hughes in strategic partnership

OilNOW -
Abu Dhabi National Oil Company (ADNOC) and Baker Hughes, a GE company (BHGE:NYSE) on Monday, October 8, signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated...
News

New Zealand gov’t introduces bill to halt new offshore oil exploration

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(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits. Prime Minister Jacinda...
News

‘Honest leadership’ needed if oil money is to transform villages – PM Nagamootoo

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Guyana’s Prime Minister, Moses Nagamootoo told a gathering of party supporters and candidates for the upcoming Local Government Elections in the South American country that responsible and honest leadership is needed at the local level to spend coming oil...
News

China slams brakes on U.S. crude oil imports

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(Bloomberg) Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau...
News

Exxon local content centre produces first Guyanese ISO certified company

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Guysons Oil and Gas Services has set the pace for potential suppliers in Guyana’s petroleum sector by becoming the first local company in the emerging industry to meet the requirements for International Organization for Standardization (ISO) ISO 9001:2015. The announcement...
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‘Regulatory certainty’ key to O&G investments – ASEA Executive

OilNOW -
Mexico has installed perhaps the most comprehensive and complex energy rule changes in any nation, at any time, lifting strict state control over the oil and gas and electricity sectors, hoping for much more foreign investment. And, it is for...
Exploration

Guyanese O&G firm to announce major certification

OilNOW -
A Guyanese-owned oil field services company has become the first local firm in the industry to achieve a major globally recognized certification which it will announce today in Georgetown. Guysons Oil and Gas Logistics & Services was officially launched just...
News

ExxonMobil eyes multi-billion dollar investment at Singapore refinery

OilNOW -
(Reuters) - Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday. “We are currently assessing a...
News

Exxon explores selling U.S. Gulf of Mexico assets

OilNOW -
(Reuters) - Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world's largest publicly listed oil company to review its portfolio, people familiar with the matter said...
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Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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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