Regional

News

Large reserves, stable legal framework crucial to oil investments – energy expert

OilNOW -
Countries with large oil and gas reserves and a stable legal environment are best positioned to benefit from major investments. Sheky Espejo, a contributor at S&P Global Platts, said in a recent podcast that companies operating in Latin America...
News

American Airlines is first U.S. carrier to offer nonstop flights to Suriname

OilNOW -
American Airlines has become the first and only U.S. carrier to offer nonstop service to Suriname, connecting its Miami hub with Johan Adolf Pengel International Airport (PBM) five times per week with an Airbus A319. “In 2021 we have continued...
News

Venezuela gov’t & opposition unite around claims over Guyana’s territory at Mexico talks

OilNOW -
The Venezuelan government and its political opposition found limited areas of agreement during a second round of negotiations in Mexico aimed at achieving broad U.S. sanctions relief. But the two sides did reach consensus on a territorial claim with...
News

TechnipFMC says Brazil contracts ‘significant’

OilNOW -
TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...
News

Maduro in major bid to attract more oil investments as top China producer pushes to revive output

OilNOW -
(Bloomberg) China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to attract more international investment. Once a major investor in the OPEC nation, China National Petroleum Corp. is sending engineers and commercial...
News

PEMEX production could take a hit following platform fire, says Fitch

OilNOW -
PEMEX's reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company's production growth rates, as this field is the company's largest production complex, according to Fitch Ratings. Fitch's current rating case assumes that the company's production levels will...
Exploration

Brazil planning to expand Open Acreage program – could unlock smaller oil deposits

OilNOW -
(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...
News

Petrobras begins production at largest FPSO in Brazil

OilNOW -
Petrobras began producing oil and natural gas on Monday from the FPSO Carioca the first definitive production system installed in the Sepia field, in the pre-salt of the Santos Basin. The Brazilian state oil company said this will be...
News

South America’s new deepwater players serious about partnership and prosperity

OilNOW -
Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...
News

Investments and opportunities growing in South America’s new oil producing nation

OilNOW -
With Guyana approaching its second year as an oil-producing nation, the small South American country, with a population of approximately 750,000 continues to see increasing benefits from its resource-rich Exclusive Economic Zone (EEZ), in which its vast oil fields...
1...303132...109Page 31 of 109

Latest News

NewsOilNOW -

SBM Offshore subsidiary seeks local suppliers for coverall production

Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, has issued a Request for Information (RFI) to...

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