All about Oil

venezuela_china
By Edition On Monday, September 17th, 2018
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China to lend Venezuela $5 billion

BEIJING - China has agreed to extend a $5 billion credit line to cash-strapped Venezuela, as President Nicolas Maduro headed to Beijing, Bloomberg News reported. Venezuelan finance minister, Simon Zerpa, told Bloomberg More...

Chinese President Xi Jinping Meets Venezuela's President Nicolas Maduro
By Edition On Monday, September 17th, 2018
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Venezuela hands China more oil presence, but no mention of new funds

CARACAS, BEIJING - Venezuela gave China another stake in the OPEC member’s oil industry and signed several other deals in the energy sector, but Beijing made no mention of new funds for Caracas during President More...

vlcc-asian-progress-tanker-file-image.b54829
By Edition On Friday, August 31st, 2018
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Dock damage adds to Venezuela’s oil export troubles

CARACAS - An allision at Venezuela's main oil export port may have serious implications for PDVSA's contractual obligations with foreign oil consumers, including Russian oil major Rosneft, which has agreed to accept More...

oil-rig
By Edition On Monday, August 6th, 2018
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CCJ President says rule of law crucial for a new oil-rich Guyana

GEORGETOWN - The rule of law and the Caribbean Court of Justice (CCJ) influence will play an important part in making sure the benefits of Guyana’s emerging oil and gas sector are widespread and sustainable. That’s More...

Curoil
By Edition On Tuesday, July 24th, 2018
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Government invests in Curoil for undisturbed fuel delivery

WILLEMSTAD - The government invests more than 10 million guilders in Curoil. A contribution to the investments for an undisturbed fuel supply on Curaçao. Additional storage capacity is being built with the funds. The More...

exxon-mobil
By Edition On Monday, July 23rd, 2018
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ExxonMobil says there’s more oil offshore Guyana than it first thought

GEORGETOWN - There appears to be more oil offshore Guyana than oil giant ExxonMobil had originally estimated. It announced earlier today that it has now been confirmed that the 6.6 million-acre Stabroek Block which More...

pdvsa-office
By Edition On Monday, June 18th, 2018
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Venezuela forced to shut down production as operations fall apart

HOUSTON - Every week the crisis in Venezuela takes a turn for the worse. There are now signs that its oil industry is entering a dangerous new phase. Argus Media reports that Venezuela has begun to “proactively More...

AlexRosaria
By Edition On Monday, June 4th, 2018
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More than oil; why Venezuela matters

Late Venezuelan President Chávez said in 2012 that his country had finally regained its independence from the evil Yankee empire when it signed a total of 8 oil cooperation agreements with Russia. He predicted More...

exxonmobil-oil
By Edition On Wednesday, May 2nd, 2018
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No oil in latest well, but Exxonmobil not disheartened about Guyana prospects

GEORGETOWN - ExxonMobil is optimistic about the prospects for finding more oil in Guyana’s waters even though the most recent well did not turn up commercial quantities. ExxonMobil’s Government and Public Affairs More...

offshore-oil-rig
By Edition On Thursday, April 5th, 2018
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Oil exploration to start soon offshore Barbados

BRIDGETOWN - Exploration of Barbados’ potential offshore petroleum resources is expected to begin within the next year. Speaking in Trinidad last week at a regional symposium on Strengthening CARICOM Energy Collaboration, More...