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Guyana’s apex court invalidates report that sought to disenfranchise over 100,000 voters

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In a decision delivered on Wednesday July 8, the Caribbean Court of Justice (CCJ), Guyana’s highest court, ruled that the judgment handed down by the Guyana Court of Appeal on June 22, 2020, which was used by the Chief...
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Petrobras to open tender for Brazil’s biggest ever platform

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(Reuters) - Petrobras is preparing to launch a tender to build Brazil’s largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro...
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Guyana being urged to use oil revenue in its push to reduce carbon footprint

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The South American county of Guyana is being urged to use its oil revenue to further green initiatives as the region and world continue to face a growing climate change emergency. British High Commissioner to Guyana, Greg Quinn, is of...
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After more than 4 months with no election results; is Guyana’s uncertainty finally coming to an end?

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Investors like stability and predictability. Knowing what to expect in the future forms the basis for multimillion-dollar investments in the present, or alternatively, taking those resources to another more favourable destination. In an article published in Forbes on July 2,...
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TechnipFMC in major deal with Assiut National Oil Processing Company

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UK-based TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. TechnipFMC said Tuesday this EPC contract covers new...
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Venezuela sanctions set off fight for ‘plundered’ oil cargo

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(AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on...
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75% of targets at Orinduik block hold 3 billion barrels worth of light oil – Holzman

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Even though the market has expressed disappointment in the heavy oil found in the Jethro and Joe wells at the Orinduik block, it should bear in mind that three-quarter of the prospects are in the Cretaceous play says Gil...
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Brazil’s Petrobras begins decommissioning offshore platform in Campos Basin

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Brazilian state oil company Petrobras says it has begun the decommissioning of the P-12 platform in the Campos Basin and will also be moving to decommission the P-07 and P-15 platforms as well as the FPSO Piranema, this year. According...
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Eni warns of impairments as it lowers future oil price estimates

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(Bloomberg) - Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry. Eni now sees benchmark Brent crude at $60 a barrel in 2023 real...
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Apache gets discovery of the year award for Suriname’s Maka Central oil strike

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US independent Apache Corporation has scooped up the discovery of the year award for its Maka Central-1 oil strike off the coast of Suriname, announced on January 7. The award was made in conjunction with Wood Mackenzie’s industry-leading annual Exploration...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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.

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