All about Oil

maduro
By Edition On Friday, February 16th, 2018
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Venezuela’s president says oil output up 250000 bpd at start of year

CARACAS - Venezuela’s president, Nicolas Maduro, said on Thursday the country’s oil output was up 250,000 barrels per day at the beginning of 2018. The socialist leader, who is up for re-election in April, also More...

Haiti Port au Prince
By Edition On Thursday, January 11th, 2018
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No more oil from Venezuela for Haiti because of Trump

PORT AU PRINCE - Jude Alix Patrick Salomon, the minister of the economy and finance, has revealed that the financial sanctions imposed by the Trump administration against Venezuela, including limiting banking transactions, More...

Venezuela's President Nicolas Maduro speaks during a news conference at Miraflores Palace in Caracas
By Edition On Thursday, January 11th, 2018
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Venezuelan parliament rejects oil-backed cryptocurrency as problematic and dangerous

CARACAS - The proposed oil-backed cryptocurrency, the “Petro”, set to launch in early 2018, has been challenged by the Venezuelan parliament on the grounds that it would be “illegal” to mortgage the countries More...

Stabroek-Block-and-Fields
By Edition On Monday, January 8th, 2018
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Oil giant reports its largest find in Guyana

GEORGETOWN – Oil giant ExxonMobil had made another major oil discovery in Guyana’s waters – the sixth and largest find to date. ExxonMobil’s partner, Esso Exploration, last Friday announced a major oil More...

Maduro-New-Bill
By Edition On Friday, December 29th, 2017
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Venezuela oil-backed cryptocurrency to launch in days, government says

Venezuela’s cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday. President More...

Baota-Petrochemical-Group
By Edition On Monday, December 11th, 2017
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China’s opening up of oil market under scrutiny after deals sour

BEIJING/SINGAPORE – A Chinese industry body said it could review rules covering the import of crude by new entrants after a private refinery failed to secure financing for 1.5 million barrels of crude it bought, More...

1
By Edition On Saturday, December 2nd, 2017
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Venezuela is losing its best oil buyer

Venezuelan president Nicolas Maduro said this week that PdVSA is willing to retaliate against financial sanctions from the U.S. by suspending oil exports to the country, sending crude to Asia instead. This seems More...

Oil
By Edition On Tuesday, November 21st, 2017
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Venezuela chooses Dutch-based firm for Orinoco oil JV

CARACAS - Venezuela has selected a little-known, Dutch-registered company for a new joint venture at the Junin 10 oil block in its Orinoco Belt region, according to a decree published on Thursday. Stichting Administratiekantoor More...

Jacob Gelt Dekker
By Edition On Wednesday, November 15th, 2017
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Oil, oil and oil again

Oil production and consumption have grown from 60 million barrels per day in 1980, to about 100 million, today. Over the last five years, we have seen a steady growth of about 1-2 % per year. The price per barrel More...

new-oil-exxon-mobil-drillship
By Edition On Friday, October 6th, 2017
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Exxon Mobil makes fifth oil discovery off Guyana

GEORGETOWN - Exxon Mobil Corporation today announced a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. This is its latest discovery to date in the country, adding to previous discoveries More...