Regional

News

Brazil facing offshore gas constraint issues

OilNOW -
Brazil urgently needs investment in offshore pipelines and onshore processing facilities to develop its offshore gas resources, according to Wood Mackenzie. The consultant expects the country to deliver close to 5 MMb/d of oil in the late 2020s, with more...
News

Staatsolie, TT oil company enter production sharing contract for Nickerie block

OilNOW -
Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block. Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...
News

US Gulf of Mexico oil production on track to set new records

OilNOW -
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, according to Rystad Energy. Thanks to an impressive sprint, Royal Dutch Shell has started producing oil and gas at its Appomattox...
News

Brazil’s subsalt frontier sets output records in April

OilNOW -
(S&P Global Platts) Brazilian state-led oil and natural gas producer Petrobras set fresh daily and monthly records for output from ultra-deepwater fields in the country's offshore subsalt frontier in April and May, capping a 10-year run since first oil...
News

Trinidad and Tobago inks new LNG deal with Shell

OilNOW -
(CMC) — The Government of Trinidad and Tobago on Wednesday signed a new energy agreement with Shell at the energy company's headquarters in Netherlands. Prime Minister Dr Keith Rowley joined Ben van Beurden, Chief Executive Officer of Royal Dutch Shell...
News

Brazil’s Petrobras nears sale of offshore oilfields

OilNOW -
Brazil’s Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt, Reuters said in a report on Tuesday. Petrobras,...
News

TT to sign new agreement with Shell

OilNOW -
Trinidad and Tobago is scheduled to sign a new agreement with oil and gas giant Shell next week. According to a report in Loop, Prime Minister Dr Keith Rowley will lead a Government delegation which will include Ministers from the Ministry...
News

T&T shallow water bid round disappoints

OilNOW -
Former Trinidad and Tobago (TT) Minister of Energy and Energy Affairs, Kevin Ramnarine, has called the outcome of the 2018 shallow water bid round disappointing and said that it demonstrates how “unattractive” the country’s acreage has become due to...
News

Venezuela Orinoco crude production plummets

OilNOW -
Crude production in Venezuela’s Orinoco belt plummeted to 169,800 b/d on Tuesday from 764,100 b/d at the beginning of April. This represents the combined crude production of Venezuela state PDVSA and its foreign partners, S&P Global Platts said in...
News

Tullow plans to drill in Jamaica next year

OilNOW -
Tullow Oil has confirmed that it wants to drill for oil in select countries in 2020, including Jamaica. A report from the Jamaica Gleaner said that Tullow recently concluded a 3D seismic survey with promising results. “The preliminary findings of...
1...767778...109Page 77 of 109

Latest News

NewsOilNOW -

BOMESC secures contract for Suriname’s first deepwater FPSO topside modules

BOMESC Offshore Engineering Company Limited has signed a contract with STS VOF to construct topside modules for Suriname’s first...

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