News

News

Companies investing big in South America’s massive offshore oil fields – Canary, LLC CEO

OilNOW -
Large sums of monies are being invested in bringing massive oil fields in Guyana and Brazil to development which will help to add significant volumes to South America’s production output in the new decade. In an op-ed published on Forbes,...
News

Guyana tax agency looking to fill positions for O&G unit

OilNOW -
The Guyana Revenue Authority (GRA) is advertising for a number of positions for its planned petroleum department as the agency looks to boost capacity in the new South American oil producing nation. “The Guyana Revenue Authority is spearheading an exciting...
News

Oil prices surge after US attack kills top Iran military leader

OilNOW -
Oil prices jumped more than 4 percent on Friday after senior Iranian and Iraqi military personnel were killed in a United States air raid near Baghdad Airport, raising concerns that escalating Middle East tensions may disrupt oil supplies. Brent crude...
News

‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices – analysts

OilNOW -
The question of how much crude U.S. producers may be able to add in 2020 could be pivotal for oil prices this year, analysts told CNBC, while warning of the potential for “vicious corrections” in the coming months. Speaking to...
News

Former Schlumberger CEO elected to Oxy Board

OilNOW -
Occidental Petroleum Corporation (NYSE: OXY) said Thursday Andrew Gould, former Chairman and Chief Executive Officer of Schlumberger Limited, has been elected to its Board of Directors effective March 1, 2020. Mr. Gould has more than 40 years of experience in...
News

Tullow’s shares tumble on news of ‘below expectations’ Guyana oil find

OilNOW -
The release of drilling results by Tullow Oil on Thursday from its Carapa-1 well offshore Guyana saw the company’s shares tumbling on what analysts are saying is unlikely to be a commercial discovery. The oil and gas group’s share price...
News

Tullow Oil makes discovery at Carapa-1 well offshore Guyana

OilNOW -
Tullow Oil plc (Tullow) said on Thursday that the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana, has encountered approximately four metres of net oil pay based on preliminary interpretation, and has extended the prolific Cretaceous oil...
News

Shorter-cycle investments, shift to natural gas and adoption of new technologies to characterize oil and gas industry in 2020 – GlobalData

OilNOW -
Anna Belova, Senior Oil and Gas Analyst at leading data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from stronger focus on gas developments to a push for shorter-cycle investments. A...
News

‘Cautious optimism’ as Guyana enters new year as oil producing nation – PPP

OilNOW -
Guyana’s main opposition People’s Progressive Party (PPP) says the start of oil production at the dawn of the new year is an occasion for cautious optimism but stressed that in order for the South American nation to truly benefit...
News

Oil to fuel mega projects, development programmes in coming decade – Granger

OilNOW -
The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this will help to intensify plans to transform the South American nation of just over 750,000...
1...726727728...982Page 727 of 982

Latest News

NewsOilNOW -

Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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