Regional

News

Lula takes Brazil’s reins, vowing to combat climate change, protect the Amazon

OilNOW -
Luiz Inácio “Lula” da Silva has reassumed the Presidency of Brazil, the largest democracy and oil producer in Latin America. With this assumption, Lula delivered an impassioned speech about his plans to tackle inequality, discrimination and threats to Brazil’s...
News

Guyana President on visit to South America’s biggest oil producing nation

OilNOW -
Dr. Mohamed Irfaan Ali, President of South America’s up and coming oil producing powerhouse Guyana, is on a visit to Brazil, the continents biggest oil producer. According to a statement from the Office of the President, Mr. Ali left Guyana...
News

Brazil mature asset reserves could jump by 1 billion boe

OilNOW -
With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining...
News

Guyana, Brazil will have to brace for costlier deepwater projects

Kemol King -
In a recent analysis of deepwater developments, Wood Mackenzie said that supply chain constraints remain a concern. And this spells difficulty for operators under pressure to increase drilling and production at a time when energy markets have been sent...
News

Ann Nerry FPSO bound for Petrobras’ Campos Basin; on track for 2023 start-up

OilNOW -
Brazil’s newest addition to its offshore oil platform fleet – the Anna Nery – has left the BrasFELS Shipyard, in the city of Angra dos Reis (RJ), en route to the Campos Basin for its expected 2023 start-up. The new...
News

Petrobras sells stake in Buzios Field to CNOOC for US$1.9 billion

OilNOW -
Petrobras copped a US$1.9 billion (R$10.3 billion) payment after selling a 5% stake of the Buzios Field, in the pre-salt of the Santos Basin to China’s CNOOC Petroleum. The amount already includes the adjustments provided for in the contract, after...
Exploration

Decision soon on bids for Trinidad deepwater auction – Energy Minister

OilNOW -
The government of Trinidad and Tobago is expected to issue a decision on the lone four bids it got from its recent deepwater oil block auction which saw 17 blocks up for grabs. Energy Minister, Stuart Young, recently made the disclosure. Young told...
News

‘People cannot fall out of the sky and claim benefits as Guyanese’ – Bharrat

Kemol King -
Vowing to put systems in place to prevent what he called ‘fronting’ and ‘renting’ of citizens, Minister of Natural Resources, Vickram Bharrat, rebuked the practices as unfair to Guyanese who have stayed and worked in Guyana to make the country...
News

Guyana gov’t names power team for world court hearings on Venezuela border case

OilNOW -
Guyana’s Ministry of Foreign Affairs and International Cooperation named a 16-person team for upcoming hearings in the border case with Venezuela, to be held at the seat of the International Court of Justice (ICJ) headquarters, at the Peace Palace...
News

High oil, gas prices distracted T&T for years from transformative growth – UWI Lecturer

OilNOW -
What will it take for Trinidad and Tobago to fix its economy? It is the question Economist and Senior Lecturer at the University of the West Indies, Dr. Roger Hosein continuously ponders when reflecting on the state of affairs...
1...101112...109Page 11 of 109

Latest News

NewsOilNOW -

TotalEnergies’ Gran Morgu project to open 45 sectors for local participation – official 

Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran...

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