News

News

Brazil was forced to ease local content rules after oil output dropped significantly

OilNOW -
Under stringent local content requirements in the South American country of Brazil, oil production and the growth and development of the petroleum industry were significantly affected. The government was forced to take steps to loosen local content rules that...
News

Kosmos comes up dry again offshore Suriname

OilNOW -
Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil. This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came...
News

Guyana poised to be world’s largest oil producing country per person in 2020s

OilNOW -
Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
News

IEA urges OPEC to open the taps as oil market enters ‘red zone’

OilNOW -
(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are...
News

ADNOC, Baker Hughes in strategic partnership

OilNOW -
Abu Dhabi National Oil Company (ADNOC) and Baker Hughes, a GE company (BHGE:NYSE) on Monday, October 8, signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated...
News

New Zealand gov’t introduces bill to halt new offshore oil exploration

OilNOW -
(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits. Prime Minister Jacinda...
News

‘Honest leadership’ needed if oil money is to transform villages – PM Nagamootoo

OilNOW -
Guyana’s Prime Minister, Moses Nagamootoo told a gathering of party supporters and candidates for the upcoming Local Government Elections in the South American country that responsible and honest leadership is needed at the local level to spend coming oil...
News

China slams brakes on U.S. crude oil imports

OilNOW -
(Bloomberg) Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau...
News

Exxon local content centre produces first Guyanese ISO certified company

OilNOW -
Guysons Oil and Gas Services has set the pace for potential suppliers in Guyana’s petroleum sector by becoming the first local company in the emerging industry to meet the requirements for International Organization for Standardization (ISO) ISO 9001:2015. The announcement...
News

‘Regulatory certainty’ key to O&G investments – ASEA Executive

OilNOW -
Mexico has installed perhaps the most comprehensive and complex energy rule changes in any nation, at any time, lifting strict state control over the oil and gas and electricity sectors, hoping for much more foreign investment. And, it is for...
1...846847848...997Page 847 of 997

Latest News

NewsOilNOW -

Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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