Regional

News

Legal team compiling report on UN border controversy ruling

OilNOW -
A legal team of advisors at Guyana’s Ministry of Foreign Affairs, International Relations and Co-operations, is currently finalizing its report charting a roadmap for the Cabinet Counsel of Minister’s consideration this week. This, as the South American nation prepares to...
News

Alberta’s oil industry facing perfect storm of awful

OilNOW -
(Hart Energy) A funk has settled over the Alberta oil industry as low prices, pipeline system constraints, storage shortfalls, and limited rail shipping have combined in a perfect storm that is costing producers millions of dollars every day. While the...
News

Shell sweeps nine of 19 blocks awarded in Mexico oil auction

OilNOW -
(Reuters) - Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major raised its big bet on Latin America’s deep waters. Mexican...
News

Border controversy between South American oil neighbours headed for ICJ

OilNOW -
A bitter border controversy between oil giant Venezuela and its eastern neighbour, Guyana, has been referred to the International Court of Justice (ICJ) by United Nation’s Secretary General, Antonio Guterres. The development obtains since the two countries were unable to...
News

ExxonMobil to ramp up Permian production to 600,000 barrels

OilNOW -
ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland...
News

The death spiral of Venezuela’s oil sector and what can be done about it

OilNOW -
(Forbes) The Venezuelan oil sector is on a death spiral despite having one of the largest resource endowments in the world. According to its report to OPEC, Venezuela’s production was 1.62 million barrels per day (b/d) in December 2017, a...
News

Brazil’s Petrobras promises dividend as soon as it returns to profit

OilNOW -
(CNBC) The semi-public company Petrobras has promised to start paying dividends to shareholders again, as soon as it returns to profit after being hit by several scandals in recent years. Petrobras, one of the largest companies in Latin America and...
News

Guyana/Suriname explore joint O&G shore base facility

OilNOW -
The Guyana Government is looking to put systems in place for the country’s oil and gas industry which could stretch well into the next half century. As such, serious consideration is being given to the establishment of an onshore...
News

Five missing after Oklahoma oil and gas drilling site explosion

OilNOW -
(Reuters) - Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said. The fire had been fed by gas from a well being drilled for Red Mountain Energy...
News

TT’s Energy Minister says changes coming to work permit rules

OilNOW -
Trinidad and Tobago’s Energy Minister Franklin Khan says work permit qualifications for energy sector staff will soon be amended to help address under-employment as well as ensuring greater transfer of skills to locals, reports Newsday. “There were 241 applications for...
1...959697...109Page 96 of 109

Latest News

NewsOilNOW -

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.

Quick Access

Company Info

Social Networks