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Total-ExxonMobil & Energean get approval for offshore oil exploration in Greece

OilNOW -
Greece has approved an application by a consortium of ExxonMobil, France’s Total SA, and domestic oil refiner Hellenic Petroleum, to drill for oil and gas off the island of Crete, Reuters reported on Friday. Greece has also approved another application,...
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Over 15 Canadian companies looking to partner with Guyana for oil & gas opportunities

OilNOW -
A team from the Guyana Oil & Gas Association (GOGA) met with over 15 companies in Canada this week which are looking to partner with Guyana’s private sector for opportunities in the country's emerging oil and gas sector. The...
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McDermott awards major Trinidad & Tobago contract to PJ Valves

OilNOW -
PJ Valves (PJV) and PJ Piping (PJP), the specialist manufacturers and suppliers of valves and piping components for the global energy industry, have been awarded a major contract by McDermott International Inc. to supply valves and piping elements for...
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Guyana lagging in institutional capacity

OilNOW -
Speaking with OilNOW, Anthony Paul, Principal Consultant, Energy and Strategy, Association of Caribbean Energy Specialist Ltd cited a Rapid Analysis that was commissioned by UNDP in 2015 to determine the readiness of Guyana for oil production. The results of the...
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T&T energy expert “not convinced” Petrotrin is a viable option for Guyana’s oil

OilNOW -
A Trinidad and Tobago-based consultant in the energy industry says he is not convinced that the twin island’s Pointe-à-Pierre refinery; Petrotrin, is a viable choice for Guyana, as the South American country continues to explore the best options available...
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Hess to sell enhanced oil recovery assets in Permian Basin

OilNOW -
Hess Corporation said on Monday it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE: OXY) for a total consideration of $600 million, effective...
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Guyanese private sector “walking and sleeping” on oil & gas opportunities

OilNOW -
The business community in Guyana is coming in for heavy criticism from two of its members who say a lack of understanding of what is happening in the country’s emerging oil and gas sector and an unwillingness to invest...
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Venezuela forced to import 13 million barrels of oil this year

OilNOW -
Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year as the country’s refineries are now operating at less than half of their capacity. Output has dropped at the...
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Oil price tumbles to 6-month low

OilNOW -
Brent crude slipped below $45 on Wednesday, reaching its lowest price since last November as a supply glut continues to plague oil markets, according to a new report by Bloomberg. Oil has returned to levels last seen before the Organization...
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Seminar on managing oil resources opens today in Guyana

OilNOW -
Employees of government ministries and agencies in Guyana are set to benefit from a two-day training seminar on managing oil revenues, as the country races to prepare for petroleum production in 2020. Experts began arriving in the country over the last couple of...
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U.S. Bank confirms US$526M loan to help Guyana slash 460,000 tonnes of emissions annually

The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana...

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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