Showing results for:

News

Post-election chaos could threaten long-awaited oil windfall in Guyana

OilNOW -
By David E. Lewis and Anthony T. Bryan - Caribbean News Global At the end of last year, the tiny South American nation of Guyana made headlines as the country predicted to register the world’s fastest economic growth rate in...
News

TechnipFMC in major deal with Assiut National Oil Processing Company

OilNOW -
UK-based TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. TechnipFMC said Tuesday this EPC contract covers new...
News

Venezuela sanctions set off fight for ‘plundered’ oil cargo

OilNOW -
(AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on...
News

Saipem secures US$325 million contract for Búzios pre-salt field in Brazil

OilNOW -
Italian multinational oilfield services company Saipem said on Monday it has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in water depths from 1537 to 2190 meters, offshore...
News

Regulating the sale of Guyana’s crude oil lifts’ entitlement

Bobby Gossai, Jr. -
This provision is inevitably controversial because it provides for the parties not simply to overlift crude oil that may have been scheduled to be lifted by one party, but for the parties to take a party’s entitlement and sell...
News

‘The worst is behind us’: Analysts see continued recovery for global oil markets

OilNOW -
After reaching historic lows in April, global oil prices could continue to chop higher in the coming months as COVID-19 shelter-in-place restrictions begin to lift, S&P Global Platts said in a recent report . Speaking at the Global Executive Petroleum...

OilNOW – News and Information from the Oil and Gas sector in Guyana

OilNOW -
Liza Phase 1 Development Permit Liza Phase 2 Development Permit Payara Development Permit
News

Transborders designates SBM Offshore exclusive operation & maintenance services contractor for FLNG facilities

OilNOW -
Transborders Energy (Transborders) announce on Monday that it has entered into a FLNG Solution Partnership Agreement with Single Buoy Moorings Inc. (SBM Offshore) for co-pursuing the deployment of Transborders’ FLNG Solution on a range of stranded offshore gas resource...
News

Guyana begins to earn interest on oil revenue

OilNOW -
With close to US$100 million sitting in its Natural Resources Fund (NRF) account at the Federal Reserve Bank of New York, new oil producer Guyana has already began earning interest on some of that revenue even as the global...
News

Oil pricing agencies Platts, Argus launch new U.S. crude benchmarks

OilNOW -
(Reuters) - After U.S. crude futures took an historic plunge into negative territory in April, the two top oil price reporting agencies said on Thursday they will start new benchmarks reflecting the price of Gulf Coast-traded crude on tankers,...
1...707172...302Page 71 of 302

Latest News

NewsShikema Dey -

Irfaan Ali charts oil-fueled, sustainable future as Guyana’s ninth President

Flanked by First Lady Arya Ali and their son Zayd, Irfaan Ali was sworn in on Sunday as Guyana’s...

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