Regional

News

Venezuelan oil official flees to U.S. with intel on Maduro’s inner circle

OilNOW -
(Bloomberg) --A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. Carmelo Urdaneta Aqui, a onetime legal...
News

T&T’s energy minister says no reports of Venezuelan tanker on verge of capsizing in Gulf of Paria

OilNOW -
Minister of Energy and Energy Affairs of Trinidad and Tobago Franklin Khan says the country’s Maritime Division is not aware of a tilting Venezuelan oil tanker which is purportedly in danger of capsizing near Guiria, a report in the...
News

Top envoy says U.S. preparing tighter oil sanctions on Venezuela

OilNOW -
(Reuters) - The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to receive crude...
News

St. Kitts & Nevis strips oil tankers of flag-carrying status after breaching U.S. sanctions to secretly ship Iranian oil

OilNOW -
(NBC) Four oil tankers have been stripped of their flags following an NBC News investigation into allegations they secretly transported Iranian oil in defiance of crippling U.S. sanctions imposed by President Donald Trump. The four ships all made covert visits to Iranian...
News

U.S. checks storm impact at oil reserve, aims to deliver crude over weekend

OilNOW -
(Reuters) - The U.S. Energy Department said on Friday it was reviewing “minor impacts” from Hurricane Laura at a Texas site of the national emergency oil reserve and hopes to begin assessing the status later today of one of...
News

Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil

OilNOW -
Shell announced said Tuesday a final investment decision has been taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field within the offshore...
News

Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

OilNOW -
Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As opposed to other countries with established oil and gas sectors in the region, Brazil...
News

US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

OilNOW -
(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
News

Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

OilNOW -
(Reuters) - Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s...
News

U.S. eyes October deadline to end exemptions on Venezuela oil sanctions

OilNOW -
(Reuters) - The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources said, as Washington seeks to raise the...
1...515253...109Page 52 of 109

Latest News

NewsKemol King -

Guyana gov’t can withdraw up to 96% of last year’s oil earnings in 2025 budget

The Guyana government can withdraw 96% of its 2024 earnings from the oil sector, based on the withdrawal rule...

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