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Singapore jails tanker captain in Shell oil heist case

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(Reuters) - The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell’s biggest refinery over several years. Doan...
News

Trinidad discoveries signal possible resuscitation of onshore production – Kevin Ramnarine

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Former Minister of Energy of Trinidad and Tobago Kevin Ramnarine believes that three recent discoveries of oil or natural gas in South Eastern Trinidad are a significant development and proves that land-based oil production can possibly be resuscitated in...
News

Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

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Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in the Flemish Pass Basin — about 400 kilometres east of Newfoundland and Labrador, CBC said...
News

ExxonMobil in talks with Guyana government to establish financing facility for small business

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ExxonMobil and the Government of Guyana are examining ways in which a financing facility could be established to provide much-needed capital to small and micro enterprise in the South American country. Speaking at a dinner hosted by the Guyana Manufacturing...
Exploration

Gulf of Mexico trails Guyana for most prospective offshore region

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US oil major ExxonMobil’s record 14 discoveries in Guyana which amount to more than 6 billion barrels of oil resource has placed the small South American country at the top of the list for prospective offshore regions in the...
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Maduro holds talks with U.S. creditors in a push to end embargo

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(Bloomberg) President Nicolas Maduro of Venezuela, dismissed as a goner after the U.S. put its weight behind his political rival and crippled his government with sanctions, is offering an unorthodox payback to Wall Street creditors as part of a...
News

Oil prices surf near three-month highs

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(Reuters) - Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets. Brent crude futures edged up 8 cents to...
News

American Airlines now flying direct from NY to South America’s newest O&G hotspot

OilNOW -
US-based American Airlines on Wednesday officially began direct flights from New York (NY) to the South American country of Guyana, now on the verge of becoming a major oil producer in the region. The new service will be operated daily...
News

Guyana light sweet crude could fetch higher price as JP Morgan bumps up Brent futures

OilNOW -
JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets, Reuters said in...
News

Israel’s Ratio sees $250 million revenue from Leviathan in 2020

OilNOW -
Ratio Oil Exploration 1992 LP, one of the companies developing Israel’s largest natural gas field, expects the long-awaited project to give it about $250 million of revenue next year, Bloomberg said in a report on Tuesday. The energy explorer, which...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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