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T&T’s National Energy says low natural gas volume scenarios affected its projects

OilNOW -
Trinidad and Tobago’s State-owned National Energy is said to have only delivered one project in the last twelve years and none in the last five years. This is according to a report in the Trinidad Guardian on Thursday. Noting that...
News

Petrobras-led Libra Consortium awards TechnipFMC ‘large’ contract

OilNOW -
TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium. That consortium, which was formed by Petrobras,...
News

U.S. considers expanding Venezuelan oil sanctions

OilNOW -
(Bloomberg) --The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures could target crude swaps with companies in Asia...
Exploration

ExxonMobil awarded 35-year concession in Argentina’s Vaca Muerta

OilNOW -
(S&P Global Platts) ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company's growth in oil and natural gas production in Argentina. The government of Neuquen, a southwestern province where most...
News

Total sanctions third phase of Mero project in deepwater Brazil

OilNOW -
Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin in Brazil. The Mero 3...
Production

Venezuela oil production plummets as Guyana output set to soar

OilNOW -
The country with the largest oil reserves in the world could soon be producing none of it. Venezuela—one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC—could soon be producing close to...
News

U.S. seizes Iranian gas from 4 tankers headed to Venezuela

OilNOW -
(Associated Press) The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned...
News

Oil spurring hope and strengthening bond between two of South America’s smallest nations

OilNOW -
Guyana and Suriname, with populations of approximately 780,000 and 575,000 respectively, are among the smallest countries on the South American continent, both in terms of area and inhabitants. But these two small nations have now become a big deal with...
News

PNM wins Trinidad and Tobago election

OilNOW -
(Trinidad Express) It’s the People’s National Movement (PNM) again. But with a reduced majority. The PNM has held on to government with a 22/19 election result, giving it a three-seat majority. The party, which won 23 seats in the last general...
News

General Election 2020: Trinidad and Tobago decides today

OilNOW -
(Loop News) Today, eligible electors from all over the country will cast their vote for the next government of Trinidad and Tobago. It has been a brisk but eventful election season, set against the backdrop of a global pandemic and...
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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.

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