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Opponents slam Venezuelan President Nicolas Maduro’s election victory as a sham

OilNOW -
(CNN) Socialist President Nicolas Maduro has won another six years in power in crisis-hit Venezuela, in an election that the political opposition and foreign powers have denounced as a sham. Many eligible voters boycotted Sunday's polling, bringing turnout to a lackluster 46%,...
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Guyana should fast track offshore licensing ahead of any ICJ moratorium

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An official familiar with the Guyana-Venezuela border controversy and the move to the International Court of Justice (ICJ) for a hearing and resolution of the matter believes that all efforts should be made by Guyana to green-light as much...
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No legal basis for challenge to Guyana/ExxonMobil PSA – Natural Resources Minister

OilNOW -
Guyana has no legal case to challenge the Production Sharing Agreement (PSA) between its Government and ExxonMobil affiliate; Esso Exploration and Production Guyana Limited (EEPGL) and partners—CNOOC-Nexen and Hess. This was the view expressed by Guyanese Minister of Natural Resources,...
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Maduro wins presidential vote election board says

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(Reuters) Venezuela's leftist leader Nicolas Maduro won a new six-year term on Sunday, but his main rivals disavowed the election alleging massive irregularities in a process critics decried as a farce propping up a dictatorship. Victory for the 55-year-old former...
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Venezuela vote turnout was 32% by 6pm

OilNOW -
Participation in Venezuela’s controversial presidential election on Sunday was at 32.3 percent by 6 p.m. as most polling stations began closing, according to an election board source. Turnout at Venezuela’s last presidential election in 2015 was 80 percent, but the...
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Venezuelans go the polls in an election widely seen as a foregone conclusion

OilNOW -
(BBC) After years of turmoil which at one point saw almost daily street protests, President Nicolas Maduro is looking to consolidate his power. The opposition, however, refuses to even take part. Who's going to win? Most analysts agree that President Maduro is...
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“Re-membering the Brink: Oil and a Whole Lotta Gas” opens May 26 in Guyana

OilNOW -
The Theatre Guild of Guyana is in its 70th year and will be reopening its doors on the occasion of the South American country’s Independence Day - May 26, with the grand premiere of its brand new production; Re-membering...
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Over 500 Guyanese gain employment through ExxonMobil operations

OilNOW -
Guyanese represent fifty-two percent of ExxonMobil’s local workforce while 227 Guyanese companies supplied its oil and gas operations in 2018. ExxonMobil's Senior Director, Public and Government Affairs, Kimberly Brasington, provided data to Guyana's Department of Public Information (DPI) which indicated...
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Trinidad ‘no longer attractive’ for new petrochemical projects – CNC CEO

OilNOW -
Trinidad and Tobago is no longer an attractive place for petrochemical companies to launch new processing plants, Loop reports. Speaking at a media briefing in Point Lisas on Thursday, CEO of the Caribbean Nitrogen Company Limited (CNC), Jerome Dookie, said...
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Oil prices hold near 3 1/2-year high; Brent nears $80 as market braces for Iran sanctions

OilNOW -
(Market Watch) Oil prices rose Friday, with Brent crude trading close to the $80-a-barrel threshold, in anticipation of renewed U.S. economic sanctions on Iran. July Brent crude LCON8, +0.64% rose 30 cents, or 0.4%, at $79.60 a barrel on ICE...
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Guyana and global oil exports marked safe as US market tariffs hit other industries

By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald...

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.

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