News

News

BrasFELS shipyard to fabricate critical sections of topside modules for Brazil FPSO

OilNOW -
BrasFELS Shipyard, a member of the Seatrium Group, announced the acquisition of a substantial contract from Offshore Frontier Solutions Pte. Ltd, a subsidiary of the MODEC Group. The contract involves the fabrication of critical sections of the topside modules...
News

Low voter turnout seen on Venezuela’s referendum day but Maduro claims victory

OilNOW -
“The Venezuelan people have spoken loudly and clearly.”   Those were the words of Nicolas Maduro, Venezuela’s President, quoted by Reuters as he claimed victory over the referendum held on December 3 meant to annex Guyana’s Essequibo territory.  But reports of low...
News

Guyana President urges Venezuelans not to be part of system that “runs afoul of international law” 

OilNOW -
Guyana's President, Dr. Irfaan Ali issued an appeal to Venezuelans on Sunday, urging them not to partake in any actions aimed at seizing Guyana's Essequibo County, highlighting the breach of international law it would represent. Venezuelans voted in a...
News

Eco Atlantic reports “significant progress” in exploration portfolio, eyeing farm-out opportunities 

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. showcased significant advancements in its exploration endeavors, according to the company’s interim results update, with Chief Executive Officer (CEO) Gil Holzman expressing optimism about the firm's recent developments. Holzman emphasized the company's strong financial...
News

STATEMENT: Guyana Opposition calls on Venezuela to accept World Court ruling 

OilNOW -
Fellow Guyanese,   Today we received a unanimous and binding ruling by the International Court of Justice in response to Guyana's request for the indication of provisional measures in the case of the Arbitral Award of 3 October 1899 (Guyana V....
News

Brazil to join OPEC+ alliance in January 2024, amidst ongoing oil output strategy discussions

OilNOW -
Brazil is set to become a member of the OPEC+ coalition, as announced by Brazilian Energy Minister Alexandre Silveira on November 30, 2023. The decision to join the coalition was revealed during a rescheduled OPEC+ meeting convened to deliberate...
News

Commonwealth believes Venezuela referendum would be in breach of World Court measure 

OilNOW -
The Commonwealth Secretary-General, Patricia Scotland KC, expressed grave concern over the implications of Venezuela's planned referendum on December 3 regarding the Guyana-Venezuela border controversy following the recent decision by the International Court of Justice (ICJ). In response to the ICJ's...
News

Refrain from provocation and warmongering – OAS Chief tells Venezuela 

OilNOW -
Luis Almagro, Secretary General of the Organization of American States (OAS), took to X (formerly Twitter) to issue a stern warning to Venezuela following the ruling of the International Court of Justice (ICJ).   “We consider decision as fundamental in...
News

Venezuela cannot, by referendum or otherwise, disregard the ruling of the world’s highest court – CARICOM

OilNOW -
The Caribbean Community (CARICOM) has issued a strong statement in response to the International Court of Justice's (ICJ) ruling on December 1, 2023, concerning the territorial controversy between Venezuela and Guyana over the Essequibo Region.  In its statement, CARICOM highlighted...
News

REACTION: Venezuela misrepresents World Court measures 

OilNOW -
Venezuela has misrepresented the ruling by the International Court of Justice (ICJ) on Guyana’s request for measures to block questions in its Dec. 3 referendum on the Essequibo.  In a Communique after the hearing, Venezuela said that the World Court’s...
1...188189190...1,017Page 189 of 1,017

Latest News

NewsOilNOW -

Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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