Regional

News

T&T looking to play leading role in regional clean energy transition – Rowley

OilNOW -
Trinidad and Tobago is looking to play a leading role in the Caribbean region as more governments look towards cleaner and renewable energy sources. The country is also adamant that it must develop its hydrocarbon resources with alacrity so...
News

Venezuela’s PDVSA turning to local partners to fill gap left by Western companies

OilNOW -
(Reuters) Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation's oil sector, according to interviews with a half dozen industry sources, as U.S....
News

Struggling Venezuela opened door to new South American oil province

OilNOW -
Political instability and economic turmoil in Venezuela have caused its economy and oil industry to collapse. The country’s highest-ever oil production occurred in 1998 at 3.5 million barrels per day (bpd), the same year that Hugo Chávez was elected...
News

Suriname President confirms FID targeted for 2022, first oil by 2025

OilNOW -
President of Suriname, Chandrikapersad Santokhi confirmed on Tuesday that Total and partner Apache will move forward with their final investment decision at Block 58 next year and move towards first oil by 2025. This will make the offshore development...
News

Suriname oil summit opens with focus on major offshore potential

OilNOW -
Suriname Energy Oil & Gas Summit 2021 virtual edition got underway on Tuesday with the South American country’s massive deepwater potential taking centre-stage in a series of presentations and discussions. The keynote address was delivered by President Chandrikapersad Santokhi, who...
News

Last major U.S. oil company in Venezuela gets license renewal from Biden administration

OilNOW -
(Reuters) Chevron Corporation, the last major U.S. oil company still operating in Venezuela, received a new U.S. government license allowing it to remain in Venezuela until Dec. 1, the Treasury Department said on Tuesday. The United States beginning in 2019...
News

Equinor, Exxon and partners sanction US$8 billion project in Brazil

OilNOW -
Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau...
News

Total offshore operations in Suriname powered by Staatsolie Ultra Low Sulfur Diesel

OilNOW -
French multinational oil and gas company Total is powering its operations offshore Suriname with fuel supplied by state oil company Staatsolie. Total, operator at Block 58, has made 4 discoveries at the 1.4-million-acre block, along with partner Apache. “As of...
News

Asset sales, maintenance in T&T and elsewhere will see BP output dropping this quarter

OilNOW -
In a group results statement for Q1 2021, BP said second quarter production will be even lower than the first quarter in both its conventional operations and newly created 'gas and low carbon' unit. This is due to a...
News

Venezuela will need almost $60 billion to return oil industry to its heyday

OilNOW -
Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to power, equivalent to 3.4 million barrels per day (bpd), a document seen...
1...343536...109Page 35 of 109

Latest News

NewsOilNOW -

Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...

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