News

News

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...
News

‘Pariah states exchanging things they need for things they have’ – U.S. special rep to Venezuela

OilNOW -
Tensions continue to mount as a five-tanker Iranian fleet sails to Venezuela loaded with an estimated 60 million gallons of gasoline in defiance of US sanctions. Analysts say the oil was bought with Venezuelan gold, an allegation which Iran denies. The...
News

Growing ‘Armada of vessels’ offshore Guyana will require large shorebase support

OilNOW -
The growing activity offshore the South American country of Guyana is likely to hit peak in the latter part of this decade and will require large shorebase support services which is something the new oil producing nation will have...
News

Hong Kong tensions unnerve world stock markets, oil tumbles

OilNOW -
(Reuters) - Oil prices tumbled, and global equity markets wavered on Friday as China’s move to impose a new security law on Hong Kong further strained U.S.-Sino relations and clouded economic recovery prospects. News that China also dropped its annual...
News

Canadian dollar slides as U.S.-China tensions weigh on oil prices

OilNOW -
(Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday as oil prices fell and domestic data showed a record decline in retail sales, with the loonie giving back some of this week’s rally. At 9:09 a.m. (1309...
News

Oil climbs as Guyana lifts its second cargo, narrows search for marketing firm

OilNOW -
Oil futures rose this week pushing both Brent and WTI contracts to around 2 ½ month peaks as new oil producer Guyana lifted its second 1 million barrels of crude from the ExxonMobil-operated Stabroek Block where production began last...
News

SBM Offshore working to develop FPSOs powered by wind, solar energy

OilNOW -
The reduction of greenhouse gases is one of the greatest challenges facing operators and service companies in the oil industry. But the task is certainly not an insurmountable one for Dutch floater specialist, SBM Offshore. Over the past few...
News

Qatar Petroleum inviting Exxon, Chevron and ConocoPhillips for JV gas talks

OilNOW -
Qatar Petroleum will invite Exxon, Chevron and ConocoPhillips for talks to form a joint venture to expand gas production at the country's North Field, Its Energy Minister and QP Chief Saad Al-Kaabi told Bloomberg. According to reports, Qatar wants to...
News

Venezuela’s military to escort Iranian tankers bringing petrol

OilNOW -
The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday. Five vessels are on the high seas and are due...
Exploration

U.S. grants royalty relief to hard-hit oil and gas drillers

OilNOW -
(Reuters) The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database, as the industry seeks help weathering low energy prices. The move shows drillers...
1...676677678...982Page 677 of 982

Latest News

NewsShikema Dey -

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...

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