Regional

News

Appeal hearing granted to US oil execs jailed in Venezuela

OilNOW -
(AP) — Six U.S. oil executives detained in Venezuela for four years on corruption charges have been granted a hearing before an appeals court, a rare decision by the judicial system in the South American country. A judge this week...
News

Venezuela slashes daily oil production target to 1 million barrels

OilNOW -
(Bloomberg) Venezuela’s state oil company slashed its output target by one-third as years of corruption, brain drain, and inadequate investment crippled the nation’s energy infrastructure. PDVSA cut its daily production target to 1 million barrels from a 1.5-million-barrel goal announced in...
News

No major U.S. oil sanctions relief for Venezuela expected from its elections

OilNOW -
(S&P Global Platts) Any major easing of US oil sanctions against Venezuela remains off the table, but the country's Nov. 21 elections could provide a chance for relief around the edges like a restart to crude-for-diesel swaps. Candidates backed by...
News

Price of fuel goes up in Brazil amid international surge in crude oil

OilNOW -
(MercoPress) Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at...
News

Consortium signs multi-client agreement for seismic campaigns offshore Suriname

OilNOW -
TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP announced on Wednesday the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the...
News

Oil major Chevron seals the deal for Suriname oil block

OilNOW -
U.S. oil major Chevron has signed a Production Sharing Contract (PSC) with Suriname state oil company Staatsolie Maatschappij Suriname for block 5 offshore the South American country. By entering the PSC, Staatsolie said Chevron has been granted exploration, development and...
News

TechnipFMC bags substantial contract for Brazil’s Petrobras

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a substantial long-term charter and services contract by Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico. The Brazilian-registered vessel has been secured on a three-year contract, with an option to...
News

NASA satellite photos show oil spill at Venezuela’s largest lake

OilNOW -
(The Washington Post) The stench of gasoline burned through Verónica Barboza’s nose as she stood by the edge of Lake Maracaibo, one of the largest lakes in South America, on a recent afternoon. The soles of her shoes, she said,...
News

Deepwater hotspot Suriname aiming for draft local content policy by 2022

OilNOW -
Suriname, Guyana's neighbour to the east, is looking to draft its local content policy by early 2022. Disclosing this was the country’s Minister of Natural Resources, David Abiamofo during his keynote address at the Suriname International Petroleum and Gas...
News

Brazil’s 17th bid round disappoints with only 5 of 92 blocks sold

OilNOW -
Big international oil companies such as ExxonMobil, BP and Equinor opted not to participate in Brazil’s 17th bid round as the global pandemic rages on and the energy transition curbs investor enthusiasm. Brazil sold just five of the 92 blocks...
1...293031...110Page 30 of 110

Latest News

NewsOilNOW -

Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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