News

News

IEA warns global oil demand may suffer as crude nears $80

OilNOW -
Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies, the International Energy Agency said on Wednesday. The Paris-based IEA cut...
News

Guyana seeking initial US$1.7M from World Bank to help fund ‘gas to shore’ study

OilNOW -
Minister of Natural Resources, Raphael Trotman, has disclosed that the Government of Guyana through the Ministry of Finance has applied to the World Bank for the release of an initial 1.7 million US dollars, out of the 20 million...
News

Repsol to end pursuit of oil growth in light of clean energy push

OilNOW -
Spanish company Repsol plans to end its pursuit of oil growth amidst a global move to transition to clean energy. This is according to a Bloomberg report published on Tuesday. According to the article, the company is the first of...
News

Canadians stake out middle ground on energy issues

OilNOW -
(Oil & Gas Investor) Canadians often take centrist, middle-of-the road positions on issues and energy is no different, according to David Coletto, CEO of Abacus Data. Even in energy-rich Alberta and Saskatchewan, Canadians accept that the global energy system...
News

Venezuela’s oil meltdown is getting worse

OilNOW -
A rush of creditors trying to seize assets has disrupted Venezuela’s oil exports at a time when they already are plunging Death spiral is an overused term, but it is justified when describing Venezuela’s oil industry right now. Energy consumers...
News

First batch of TOTALTEC oilfield operator trainees to graduate this month

OilNOW -
The TOTALTEC Academy will have its inaugural graduation ceremony during the week of May 28, 2018 to recognize and congratulate the 20 or so pioneering graduates and to welcome and inspire the new recruits for the next scheduled Oilfield Operator Training...
News

‘Governance framework’ to ensure local content compliance

OilNOW -
Guyana’s second draft Local Content Policy Framework outlines the requirement of a ‘governance framework’ to ensure compliance by stakeholders in the oil and gas industry. The country’s Ministry of Natural Resources released the second draft Local Content Policy Framework on...
News

Analysis: Malaysia regime change heralds risks for Southeast Asian oil and gas

OilNOW -
(Platts) The surprise outcome of Malaysia's historic 2018 elections has elevated risks for the oil and gas sector in Southeast Asia, stemming from the winning coalition's stance on fuel subsidies, its position on Chinese business investment and potential interference...
News

Anapai among ‘high profile’ wells being drilled in 2018 – WoodMac

OilNOW -
Industry analyst Wood Mackenzie has compiled a list of the ‘highest profile’ wells being drilled in 2018 based on data received from more than 200 senior energy leaders and professionals. In its new ‘The Future of Exploration Survey 2018’ report,...
News

PCJ looks to next phase of oil exploration as first 3D seismic survey is completed in Jamaica

OilNOW -
(The Gleaner) The Petroleum Corporation of Jamaica (PCJ) is hoping that the post survey data analysis of the first 3D seismic survey of Jamaica's offshore in the exploration for oil and gas will be encouraging enough to move the...
1...880881882...990Page 881 of 990

Latest News

NewsOilNOW -

IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...

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