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Venezuela crisis: Major global powers ordered to stop trading oil and gold assets with Maduro

OilNOW -
A coalition group of Latin American countries and Canada has urged the Venezuelan military to sever ties with President Nicolas Maduro, CNBC said in a report on Tuesday. It comes at a time when political tensions in Venezuela are reaching boiling point, with the oil-rich,...
News

TT’s position on Venezuela bad for Dragon Gas deal – Persad-Bissessar

OilNOW -
Former Prime Minister of Trinidad and Tobago and current Opposition Leader Kamla Persad-Bissessar says that government’s support for embattled leader of Venezuela Nicolas Maduro could jeopardise the recently signed Dragon Gas deal. Through this arrangement, it was envisaged that natural...
News

Bloomberg: Tiny Guyana could soon pump more oil than OPEC member Venezuela

OilNOW -
Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years, Bloomberg said in report on Monday. While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s...
Exploration

WoodMac expects ‘billion-barrel scale volumes’ from Guyana, Mexico and Brazil

OilNOW -
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this...
Exploration

Repsol to begin survey offshore Guyana this week

OilNOW -
Spanish oil company Repsol will begin undertaking a geotechnical survey in the Kanuku Block offshore Guyana on Saturday. The survey activities are scheduled to continue until February 24. The MV Regulus will conduct the operation some 66 nautical miles from...
News

More advanced training in oil and gas needed – GRA head

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Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia, believes that the staff at the agency must be exposed to advanced training in oil and gas as the South American country prepares for first oil within months. Currently, training...
News

Fuel costs slashed in Guyana following Caricom suspension of CET

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As a result of Caricom’s suspension of the Common External Tariff for Guyana’s fuel supplies, the Ministry of Finance and the Guyana Oil Company announced a significant reduction in prices for Motor Gasoline and Gasoil or low Sulphur diesel...
News

Anadarko, CNOOC strike Mozambique LNG Deal

OilNOW -
Anadarko Petroleum Corporation said on Friday that it has signed a long term agreement with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique. According to an article...
News

Guyana tax body fast-tracking plans to develop O&G capacity

OilNOW -
The Guyana Revenue Authority has been able to procure the services of an oil and gas expert to assist with the development of its oil and gas unit within the agency. The expert, Alnoor Kassam, is the former head of the oil...
News

ExxonMobil earns $20.8 billion in 2018

OilNOW -
Exxon Mobil Corporation on Friday announced estimated 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. The company said that excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017. “Cash...
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ExxonMobil’s Longtail project to tap three gas fields offshore Guyana

ExxonMobil's proposed Longtail development project will tap into three gas fields—Longtail, Tripletail, and Turbot—spanning discoveries made in the period...

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