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Canada’s energy industry faces ‘extinction’ without M&A, BMO says

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(Bloomberg) Investors have bailed on the Canadian energy sector, although mergers & acquisitions north of the border could provide a much needed catalyst, barring pipeline and political developments. Raymond James recently called upon John Connor to help save the space, and BMO Capital...
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After targeting U.S. farms, China can strike America’s shale

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(Bloomberg) Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products targeted. The list also included petrochemicals and liquefied propane, indicating that the world’s biggest oil buyer...
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Analysts: Iran, Venezuela biggest political risks facing oil sector in 2018

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The largest political risks facing the oil and gas sector this year remain centered around Iran and Venezuela. That is the view of oil and gas analysts at BMI Research, who highlighted that uncertainty surrounding the future of sanctions on...
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Guyana wants Venezuela to leave Ankoko, stop threatening companies

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Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...
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Venezuela as party to Geneva Agreement accepted jurisdiction of ICJ

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The position of the Nicolás Maduro administration that Venezuela does not recognize the International Court of Justice’s (ICJ) jurisdiction over its border controversy with Guyana is in contravention with the Bolivarian Republic’s consent to the Geneva Agreement. Guyana, in its Application...
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US to sell oil and gas leases in Gulf of Mexico

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The US Department of Interior is set to allow oil and gas firms to explore and develop 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida. Anticipated to be conducted on 15 August this year, Lease Sale 251 will...
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Reports point to heightened security around energy assets in T&T amid terror concerns

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Warnings about Islamist group ISIS having a local cell in Trinidad and Tobago (TT) has prompted energy companies in the twin island republic to beef up security. London-based Argus Media reported on Monday that government, industry officials and diplomats told...
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Trump doesn’t care about Latin America, Lula tells Correa

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Former Brazilian President Luiz Inacio Lula Da Silva says US President, Donald Trump “doesn't care about Latin America in the least” and added that “Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama...
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Latin American nations compete for capital in surge of oil auctions

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For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies, Reuters states in a April 2 report. They aimed to protect...
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Guyana files litigation action against Venezuela with ICJ

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The Guyanese government on Thursday formally filed its Application with the International Court of Justice in The Hague, over its border controversy with neighbouring Venezuela. The application stems from a decision in January last by United Nations Secretary General, Antonio...
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Second phase of Berbice training facility progressing with extended timeline

The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant,...

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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