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COVID-19 spreads to multiple offshore installations in Brazil

OilNOW -
Norway’s Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, industry and regulatory sources told Reuters on Tuesday. Royal Dutch...
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Oil-starved Venezuela celebrates arrival of tankers from Iran

OilNOW -
(New York Times) An oil tanker called “Fortune” has sailed into Venezuela from Iran, the first of five ships expected to arrive in a nation so starved of gasoline that the docking of a single tanker was hailed on...
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Guyana publishes Royalty Statement for close to US$5 million cash payment received

OilNOW -
Authorities in Guyana have published the Royalty Statement for the almost US$5 million cash payment the country has received in royalty from oil produced and sold in the first quarter of 2020. This adds to the US$54,927,994.80 deposited into the NRF account...
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Guyana’s second million-barrel oil cargo en route to Aruba

OilNOW -
Bahamas flag carrier Sonangol Namibe which is carrying Guyana’s second million-barrel oil cargo is headed for the island of Aruba in the southern Caribbean Sea. The oil tanker departed Guyana waters on Thursday May 21, after loading its cargo from the Liza...
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‘Advantaged deepwater oil’ in places like Guyana will progress – WoodMac

OilNOW -
The oil price crash has hit the upstream sector hard with deep cuts being made across the board and will have a dramatic impact on the industry’s project pipeline with almost all pre-Final Investment Decision projects being deferred says...
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Liza Destiny FPSO begins reinjecting gas

OilNOW -
Reinjection of gas has commenced at the Liza Phase 1 development after a period of flaring that lasted longer than anticipated due to challenges encountered with a gas compressor for the Liza Destiny FPSO. Head of the Environmental Protection Agency...
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Chinese oil demand near 90 percent of prior year levels – IHS Markit

OilNOW -
China’s oil demand has continued a sharp rising trend since passing the nadir in February. After dropping in February by over 40 percent compared with a year earlier, the country’s oil demand for April reached 89% of the April...
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EITI wants Guyana to disclose crude sales agreements

OilNOW -
The Extractive Industries Transparency Initiative (EITI) is encouraging Guyana to disclose sales agreements related to the country’s share of oil production. In an article published on May 21 focusing on the next steps for Guyana as it relates to contract transparency,...
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First Iranian oil tanker arrives in Venezuela

OilNOW -
Iranian-flagged oil tanker, Fortune, has reached Venezuelan jurisdictional waters carrying approximately 45.5 million gallons of gasoline and related products. The vessel is part of a fleet of five oil tankers shipping petrol to the South American country in defiance...
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Trinidad and Tobago says it will not facilitate passage of Iranian oil tankers en route to Venezuela

OilNOW -
Trinidad and Tobago is adamant that it will not facilitate the passage of a fleet of Iranian oil tankers heading to Venezuela loaded with petrol. Minister of National Security, Stuart Young, is quoted in Newsday as saying that the twin...
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Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The...

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