Regional

News

Possible oil reserves upsized for Jamaica

OilNOW -
The probability of finding oil offshore Jamaica improved to a one-in-five chance of success, based on an independent report utilising 3D data, the Jamaica Gleaner reported on Wednesday. The 2019 report also upsized the 2017 baseline estimates of the quantity...
News

Half-billion dollars of sanction-stained oil sits off Venezuela

OilNOW -
(Bloomberg) Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil. Tankers holding 8.36 million barrels of...
News

Pence says ‘it’s time’ for action against Maduro

OilNOW -
(CNN) Vice President Mike Pence said the US will impose additional sanctions on Venezuelan leaders and pledged more aid to the region as he called on nations to do more to confront embattled President Nicolas Maduro's government. "To leaders around...
News

Liza Phase 2 tops list for South America’s 2019 greenfield investments

OilNOW -
South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service players, Guyana is stealing some of the thunder as the country is emerging as an...
News

Next OPEC headache is Brazil’s burgeoning crude production

OilNOW -
(Bloomberg) When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market. The mammoth facility -- long and wide enough...
News

Venezuela’s collapse holds lessons for neighboring Guyana

OilNOW -
Venezuela’s slide from top of the heap to a virtual bit player in the oil market is a slow-motion car crash. Production sank progressively from 2.6 million barrels per day (b/d) a decade ago, when it was third in...
Exploration

Venezuela oil production could fall below 700,000 bpd by 2020

OilNOW -
As Guyana prepares for first oil in 2020 from the Liza Phase 1 Development, and multiple additional projects on the horizon, with an estimated ramp up to 750,000 bpd by 2025, its western neighbor Venezuela, could see production drop...
News

Total pulls staff out of Venezuela after US sanctions

OilNOW -
(AFP) French oil and gas firm Total has evacuated its staff from Venezuela where its accounts have been blocked due to US sanctions, the company's chief executive said Thursday. "The accounts are blocked thanks to US decisions," CEO Patrick Pouyanne...
News

TT’s position on Venezuela bad for Dragon Gas deal – Persad-Bissessar

OilNOW -
Former Prime Minister of Trinidad and Tobago and current Opposition Leader Kamla Persad-Bissessar says that government’s support for embattled leader of Venezuela Nicolas Maduro could jeopardise the recently signed Dragon Gas deal. Through this arrangement, it was envisaged that natural...
News

Bloomberg: Tiny Guyana could soon pump more oil than OPEC member Venezuela

OilNOW -
Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years, Bloomberg said in report on Monday. While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s...
1...808182...109Page 81 of 109

Latest News

NewsOilNOW -

Guyana gov’t allocates US$245 million to complete Gas-to-Energy project

The Guyana government allocated US$245 million (GY$51 billion) for the Gas-to-Energy project in its 2025 budget. The landmark project...

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