News

News

Harvey Gulf achieves milestone with first ‘triple-fuel’ vessel

OilNOW -
US-based marine transport company Harvey Gulf International Marine said on Wednesday that it became the first and only company in the United States to own and operate a “Tri-Fuel” vessel, as well as a vessel bunkering facility, selling both...
News

Guyana maritime authority to be realigned for oil and gas sector

OilNOW -
Guyana’s Minister of Public Works, Juan Edghill, on Wednesday announced that the Maritime Administration Department (MARAD) will be realigned and repositioned to better serve the South American country’s emerging oil and gas sector. “The immediate task of the administration within...
News

ExxonMobil launches Alexa fuel payment in U.S

OilNOW -
ExxonMobil has made paying for fuel through voice commands with Amazon's Alexa possible at more than 11,500 stations in the United States. Customers with Alexa-enabled vehicles, Alexa-enabled devices like Echo Auto, or simply the Alexa app on Android or iOS, can...
News

Guyana’s astronomical growth projections based on development of its massive oil fields – Deygoo-Boyer

OilNOW -
Despite the challenges of the COVID-19 pandemic and recent political uncertainty surrounding its elections, Guyana is still projected by the International Monetary Fund (IMF) to be the fastest growing economy in the world this year.    “Oil and gas is...
News

No backtracking of spending by ExxonMobil in Guyana – API’s Chief Economist

OilNOW -
The continuation of exploration and production activities offshore Guyana means that the South American country has not seen a backtracking of spending by ExxonMobil as has been the case with other oil majors in various parts of the world. This...
News

Trinidad & Tobago reports significant fall in natural gas production

OilNOW -
Trinidad and Tobago’s Ministry of Energy and Energy Industries on August 11 reported that the Country’s natural gas production plummeted in June to its lowest level since 2016 averaging a mere 3.110 billion standard cubic feet per day (Bscf/D). The...
News

U.S. seizes websites that facilitated multi-million dollar fuel shipment between Iran and Venezuela

OilNOW -
The United States Justice Department on Friday announced the seizure of three websites used by what it described as “‘three front companies” - Mobin International, Sohar Fuel, and Oman Fuel, that arranged a multimillion dollar fuel shipment by the...
News

Effective Parliament important for Guyana’s oil economy – says new Speaker

OilNOW -
Newly elected Speaker of Guyana’s National Assembly, Manzoor Nadir, has underscored the importance of an effective Parliament to Guyana’s oil and gas sector. Nadir, who was elected and sworn-in during the first sitting of Guyana’s 12th Parliament on Tuesday, September...
News

Hull for 3rd Guyana-bound oil production vessel launched

OilNOW -
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered the Prosperity FPSO hull, the second floater to be built under SBM Offshore's Fast4Ward® program for the ExxonMobil-operated Stabroek Block, offshore Guyana. The Prosperity will have a 220,000 barrels per day capacity,...
News

Goldman Sachs boosts 2021 oil forecast, recommends Brent as an ‘effective’ hedge against uncertainty for investors

OilNOW -
(Business Insider) Goldman Sachs expects the oil market to gain momentum in 2021 as the coronavirus-induced slump in demand is mitigated by the "rising likelihood of widely available vaccines" next spring. Analysts at the bank forecast international benchmark Brent will...
1...634635636...982Page 635 of 982

Latest News

NewsOilNOW -

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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