News

News

Guyana production on path to rival OPEC top guns

OilNOW -
It is estimated that by the mid-2020s to 2030, oil production in Guyana could hit 750,000 barrels per day but this figure may ‘underestimate the country’s production’ the American Security Project (ASP) has said. ASP said unlike other recent discoveries...
Exploration

Eco fully funded, drill-ready to pursue light oil prospects at Orinduik

OilNOW -
Eco Atlantic Oil & Gas, junior partner at the Orinduik Block offshore Guyana, says it is drill-ready and fully funded to pursue additional prospects on the block as the search for high quality hydrocarbons continue. In 2019 the company drilled...
Exploration

No spills from offshore oil operations – ExxonMobil

OilNOW -
Photos and video clips published on social media on Thursday showing a dark substance on water just off the coast of Georgetown is not from offshore exploration and production activities, according to a statement from ExxonMobil on its Facebook...
News

Brazil’s Petrobras records record income

OilNOW -
Brazilian state oil company Petrobras recorded an income of 9.205 billion dollars in 2019, which represents a 55.7 % rise compared to 2018. According to an update from the company, the greatest revenue in its history was a result of...
News

Maduro declares oil emergency; appoints commission to revamp PDVSA

OilNOW -
President of Venezuela Nicolas Maduro has declared an oil emergency, announcing a commission to revamp state oil company Petroleos de Venezuela SA (PDVSA) in a bid to rescue the country’s collapsing oil industry. According to a report in Bloomberg, the...
News

Hungry for gas; Brazil needs LNG imports to meet demand – Rystad Energy

OilNOW -
Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country one of its biggest demand-supply deficits in history, Rysatd Energy said in a new report...
Exploration

Most competitive deepwater projects will be those with shortest development cycle times – IHS Markit

OilNOW -
From discovery in 2015 to production in 2019, the Liza Phase 1 development offshore Guyana is considered to be one of the fastest deepwater project ramp-ups in the industry’s history. London–based IHS Markit said in a report this month...
News

Just how good is Guyana’s crude oil?

OilNOW -
Following ExxonMobil’s commercial discovery at the giant Liza field in the Stabroek Block offshore Guyana in 2015, it was confirmed that the oil found is of ‘high quality’. The term “High Quality” is commonly used to refer to crude...
News

US Treasury Department sanctions Rosneft Trading S.A. for supporting Maduro regime

OilNOW -
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on Tuesday announced the designation of Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm for operating in the oil sector of the Venezuelan economy. A...
Exploration

BP halts output at North Sea ETAP platform after power failure

OilNOW -
(Reuters) - BP halted production at its ETAP platform, which connects seven oil and gas fields in the British North Sea with the Forties Pipeline System and the CATS gas terminal, after a problem with its power generation system,...
1...709710711...982Page 710 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