News

News

Decline in gas production could trigger recession in TT – Ramnarine

OilNOW -
Former Minister of Energy in Trinidad and Tobago Kevin Ramnarine has sounded a grim warning saying his country’s economy was unlikely to grow in 2020 but proffered a raft of possible solutions including the reformation of the Supplemental Petroleum...
Exploration

Rowan Jack up rig arrives for Repsol drill campaign at Kanuku Block

OilNOW -
The Rowan/Valaris EXL II jack up rig has arrived in Guyana’s waters in preparation for drilling in the offshore Kanuku Block for Repsol, following its drilling campaigns in Trinidad over the past few years for petroleum giant BP. Services company...
News

Petrobras boosts oil, gas output 16.5% in Q3

OilNOW -
Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from subsalt fields. State-led Petrobras, which has been was completing the installation of seven new floating production...
News

Oil prices fall as global demand concerns grow

OilNOW -
(Reuters) - Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased. Global benchmark Brent crude oil LCOc1 was down 30 cents to...
News

Guyana, Trinidad O&G relationship must be based on mutual respect – private sector reps

OilNOW -
Members of Guyana’s business fraternity are concerned about the recent staging of an oil and gas safety forum in Georgetown by the Energy Chamber of Trinidad and Tobago. Guyanese business representatives say the local private sector groups were not...
News

Guyana’s largest oil conference set for November

OilNOW -
The Guyana International Petroleum Exhibition (GIPEX) will take place from November 20 to 22 at the Guyana Marriott Hotel, in the country’s capital city, Georgetown. The event is being organised by UK-based Valiant Business Media in collaboration with the Department...
News

Operationalisation of oil fund expected after elections – Guyana finance minister

OilNOW -
Guyana’s Finance Minister, Winston Jordan, is calling on politicians and others in the country not to politicize the Natural Resource Fund (NRF), also known as the Sovereign Wealth Fund, but see the value in its operationalisation. In a recent interview...
News

Eni CEO sees no future for companies working in just oil and gas

OilNOW -
(Reuters) There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday. “Diversification into renewable energy and the circular economy is crucial,” Claudio Descalzi...
News

SBM is successful bidder for five Brazilian FPSOs

OilNOW -
SBM Offshore said on Friday it is the successful bidder for the interests held by Brazil’s Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. The company said completion of the transaction remains subject to various conditions...
News

TT bank positioning itself for Guyana’s oil windfall

OilNOW -
A Trinidad and Tobago financial institution — First Citizens Bank — is looking to service Guyana’s Oil and Gas industry. This, as Guyana’s prospects increase, and the South American nation moves closer to first oil by 2020. The Bank expressed...
1...748749750...982Page 749 of 982

Latest News

NewsOilNOW -

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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