News

News

Guyana energy department beefing up human resource capacity

OilNOW -
Guyana’s Department of Energy (DE) is looking to engage the services of several specialists as it continues to build capacity and acquire the expertise needed to effectively manage the country’s emerging oil and gas industry. DE Director Dr. Mark Bynoe...
News

Brent at one-month high, U.S. oil tops $30 as restrictions ease

OilNOW -
(Reuters) - Oil prices climbed by more than $1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major producers. Brent...
Exploration

Stabroek Block: Discovery Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
News

Iran warns US against disrupting fuel shipments to Venezuela

OilNOW -
(Al Jazeera) Iran's foreign minister on Sunday warned the United States against deploying its navy in the Caribbean to disrupt Iranian fuel shipments to Venezuela. According to an oil shipment analyst, five Iranian-flagged tankers loaded with tens of millions of...
News

Early project approvals will shield Guyana from further reductions in oil revenues – AMI experts

OilNOW -
The COVID-19 pandemic and decline in oil prices are causing major economic disruptions to crude producers around the world forcing them to adjust their projected revenue inflows downward as lockdown measures continue to curtail demand. Americas Market Intelligence (AMI) experts...
News

Cash transfers for the needy – Chatham House Expert

OilNOW -
When implementing cash transfers from oil, Chatham House expert, Dr. Valerie Marcel, firmly asserts that great caution needs to be taken. During an interview with OilNOW, Dr. Marcel categorically stated that it should not be done across the board....
News

Liza Unity first Fast4Ward® hull moves into dry-dock

OilNOW -
WATCH VIDEO - SBM Offshore’s first Fast4Ward® hull for the Liza Unity FPSO project moves into the Keppel FELS dry-dock. During this phase, the mooring structures are integrated, and the first topsides modules are lifted onto the vessel. https://youtu.be/T1-vecN-gcg
News

Petrobras looks to China’s ‘teapots’ to keep oil exports flowing

OilNOW -
(Reuters) - Brazil’s state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America’s...
News

Huge glut of oil sitting on tankers shows signs of shrinking

OilNOW -
(Bloomberg) One of the oil market’s most obvious signs of oversupply -- millions of barrels being stored on tankers all over the world -- is showing very tentative signs of shrinking. On Thursday, North Sea oil traders offered almost 8...
News

Exxon prioritizing development wells at Stabroek Block in coming months – Deedra Moe

OilNOW -
US oil major ExxonMobil will be focusing heavily on development drilling at the Stabroek Block offshore Guyana in the coming months. The company has been working to ensure the safety and health of its employees and the crews working offshore...
1...678679680...982Page 679 of 982

Latest News

NewsOilNOW -

Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

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