News

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...
News

Shell evacuates foreign staff from Iraq’s Basra Gas project – executive

OilNOW -
(Reuters) – Shell has temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of the country but production was not disrupted, officials and company executives said on Thursday. The staff...
News

Total lands $15 billion financing commitment for Mozambique project

OilNOW -
(Bloomberg) - A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter. The first and most significant phase of...
1...691692693...997Page 692 of 997

Latest News

NewsOilNOW -

Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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