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Venezuelan oil production could further collapse on new U.S. sanctions

OilNOW -
(Oil Price) If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in the country sitting on the world’s largest...
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ExxonMobil shuts PNG gas conditioning plant to assess quake damage

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(Reuters) - ExxonMobil Corp said it shut its Hides gas conditioning plant in Papua New Guinea after a powerful 7.5 magnitude earthquake hit the country’s Southern Highlands province. Powerful quake hits central Papua New Guinea, disrupts oil and gas operations “As...
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Peru’s move to ‘direct negotiation’ for oil blocks attracting investors

OilNOW -
Peru has been moving to quietly rework its hydrocarbons regime with a direct negotiation system to attract new investment, and it is beginning to pay off. Guyana currently has such a system and authorities have signaled it may also...
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Misleading, disingenuous reports on oil ‘taking toll’ – State Minister

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Guyana’s Minister of State, Joseph Harmon says consistently disingenuous and misleading negative reports in sections of the Guyanese media on matters relating to the country's emerging oil and gas industry is beginning to take its toll - something the...
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Eco Atlantic now recognized as TSX Venture 50 Company

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In wake of its announcement of a potential 1 billion plus barrels of oil at its Orinduik Block offshore Guyana, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), said Friday that it has been recognized as a 2018...
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Court hands Trump another defeat in bid to block Obama-era oil and gas methane emissions rule

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A U.S. District Court judge has blocked the Interior Department from suspending an Obama-era rule meant to prevent planet-warming methane from escaping during oil and natural gas operations. According to a CNBC report, the ruling marks the latest setback for...
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Over 3,500 world energy leaders to converge in Bahrain for GEO 2018

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Over 3,500 world energy leaders, stakeholders and executives from 50 countries are set to converge in Bahrain for the 13th Middle East Geosciences Conference and Exhibition (GEO 2018) for 4 days of strategic dialogue and business opportunities. Oil and Gas...
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Powerful quake hits central Papua New Guinea, disrupts oil and gas operations

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(Reuters) - A powerful 7.5-magnitude earthquake struck Papua New Guinea’s Southern Highlands province early on Monday, the U.S. Geological Survey (USGS) said, disrupting communications and oil and gas operations. The tremor hit near the centre of Papua New Guinea’s main...
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Reps hail Total’s Egina FPSO on local content

OilNOW -
(PM News) The Chairman, House of Representatives Committee on Local Content has described the Egina Floating Production Storage and Offloading (FPSO) of Total Upstream Nig. Ltd. as a pride for Nigeria. The Committee Chairman, Mr Emmanuel Ekon, made commendation during...
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ExxonMobil, BHP withdraw Bass Strait oil assets from sale in major turnaround

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(ABC) BHP and ExxonMobil are holding on to their ageing oil platforms in Bass Strait, off the Victorian coast, just 20 months after putting them on the market. The fields that make up the oil block include Australia's oldest and...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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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