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Alaska court to rule on oil wealth payments to state residents

OilNOW -
An Alaska lawmaker is making one last legal push to put about $1,000 back in the hands of nearly every state resident for their share of Alaska’s oil wealth. Sen. Bill Wielechowski is scheduled to argue Tuesday to the Alaska...
News

BP produced over 12 billion barrels of oil in 40yrs of production at Prudhoe Bay

OilNOW -
The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to US energy security and ongoing role as a key economic engine for the region. BP said in a press...
News

McDermott awards major Trinidad & Tobago contract to PJ Valves

OilNOW -
PJ Valves (PJV) and PJ Piping (PJP), the specialist manufacturers and suppliers of valves and piping components for the global energy industry, have been awarded a major contract by McDermott International Inc. to supply valves and piping elements for...
News

Tullow contracts Noble for offshore drilling in Suriname

OilNOW -
UK-based Tullow Oil has contracted US-driller Noble Corporation for an exploration well on its "game changer" Araku prospect offshore Suriname, South America. Tullow has contracted the Noble Bob Douglas drillship from early October to early November, this year. According to an...
News

Venezuelan oil executive arrested in corruption probe

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(Reuters)Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and US major Chevron, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on 13 May and...
Discoveries

Repsol discovers massive oil field in Alaska

OilNOW -
Spanish oil company Repsol SA has discovered a giant oil field in Alaska, a potential find big enough to help stem production declines in the state. Repsol said two wells drilled this winter with Denver-based partner Armstrong Oil & Gas,...
News

Suriname Staatsolie warns against fraudsters offering jobs with company

OilNOW -
Suriname state oil company, Staatsolie, has issued a warning about fraudsters who claim they represent the company and are making false job offers to individuals around the world. These false offers are the basis for a variety of fraudulent activities,...
News

Brazil enacts new bidding rules for production sharing regime

OilNOW -
Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration and production in blocks subject to the production sharing regime. In its original wording, Law 12.351/2010...
News

Venezuela coastline reportedly being polluted by Petrotrin oil spill

OilNOW -
Large quantities of the heavy bunker fuel from the ruptured fuel oil storage tank at Trinidad and Tobago's state oil company Petrotrin's Pointe-a-Pierre refinery has become lodged in the mangroves and on the beaches of Guiria, Venezuela. According to a...
News

Venezuela braces for possible U.S. oil sanctions

OilNOW -
(Bloomberg) -- Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-government protests in the past month. American drivers may...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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