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New survey shows White House now considered most corrupt institution in America

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The results of a survey released Tuesday by Transparency International show that compared to early 2016 more Americans now believe corruption is on the rise in the US and that the White House is the most corrupt of nine key...
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St Lucia PM renews appeal for information on controversial Oil Exploration Agreement

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(CARIBBEAN NEWS NOW) – Some four years after then leader of the opposition in Saint Lucia, Stephenson King, wrote to the governor general, Dame Pearlette Louisy, seeking clarification regarding an oil exploration licence purportedly granted to Colorado oilman Jack Grynberg...
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Chevron projects $18.3B spending budget, down 4 percent

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Chevron Corp (CVX.N), the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about 4 percent less than this year and lower for a fourth year in a row. International...
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UK will react firmly if Venezuela violates Guyana territory – British High Commissioner

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Reminiscent of a 2013 maritime incident in which a US-operated vessel was seized by the Venezuelan navy while in Guyana waters searching for oil, British High Commissioner to Guyana, Greg Quinn, says similar aggression by the Bolivarian Republic in...
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Petrobras: New Mero field contains 3.3 billion barrels of oil

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(Offshore) Brazilian oil company Petrobras has declared commerciality of the field in the Libra Northwest area, in the pre-salt of Santos Basin off Brazil, renaming it Mero. Namely, Petrobras said in its statement last Thursday that it had submitted the declaration...
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U.S. tax reform supports oil and gas

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(Maritime Executive) The U.S. Senate approved a revised Tax Cuts and Jobs Act on Saturday, that API President and CEO Jack Gerard applauds as pro-growth and pro-development. “With this morning’s Senate vote, Congress is poised for the first time in...
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First Mobil-branded service stations to open in Mexico

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ExxonMobil announced today a partnership with retailer Grupo Orsan to open eight Mobil-branded service stations this week in Querétaro as part of the company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50 Mobil stations in the Bajio region...
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After 2.5 billion barrels Eagle Ford has more oil coming

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(Hart Energy) Mark Twain would appreciate irony in the Eagle Ford Shale, where rumors of the play’s impending exhaustion are greatly exaggerated. The Eagle Ford has produced 2.5 billion barrels (Bbbl) of oil and will generate another 2.1 Bbbl, according...
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Maduro to create cryptocurrency backed in oil and diamond reserves

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As Venezuela's financial crisis deepens, President Nicolas Maduro announced on Sunday the creation of a digital cryptocurrency to fight a financial blockade fueled by US sanctions on the Latin American country. The digital cryptocurrency will be called the Petro and...
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President of Trinidad’s Petrotrin resigns amid “fake oil scandal”

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The President of Trinidad and Tobagos’ state-owned oil company Petrotrin has resigned over a scandal involving discrepancies between reported oil production in the exploration and production operations in the Catshill Field operated by A&V Oil and Gas and the...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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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