All about Oil

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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...

Fire1
By Edition On Wednesday, September 27th, 2017
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Oil refinery to restart part of destroyed installation tomorrow

WILLEMSTAD - The installation of the Isla which was completely destroyed by fire in May this year, the Crude Distiller 3, as it is called, will be restarted tomorrow. Then follow other parts of the cat cracker where More...

rtr4ozig
By Edition On Friday, June 16th, 2017
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Venezuela’s oil industry is collapsing and Cuba is scrambling

As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is no longer able to produce enough oil More...

oil-rig
By Edition On Friday, June 16th, 2017
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Grenada approves new laws with incentives for oil explorers

ST. GEORGE’S - Grenada’s Parliament has passed a Hydrocarbon Exploration Incentive Bill containing a package of incentives for oil and gas exploration. Leader of Government Business Gregory Bowen, who brought More...

stena-carron-oil-rig
By Edition On Friday, March 31st, 2017
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ExxonMobil makes third oil find off Guyana

Following completion of the Snoek well, the Stena Carron drillship has moved back to the Liza area to drill the Liza-4 well. GEORGETOWN – ExxonMobil’s oil finding streaking offshore Guyana is continuing, with More...

petrotrin-oil
By Edition On Thursday, March 30th, 2017
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Trinidad wants in on Guyana oil

The state-owned petroleum company of Trinidad and Tobago (Petrotrin) says there’s was “a viable market for Guyana’s oil”. GEORGETOWN – Trinidad and Tobago has been making an all-out pitch to refine Guyana’s More...

exxon-mobile-deep-champion
By Edition On Monday, March 20th, 2017
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Exxon Mobil could be first to start pumping oil in Guyana waters

The Exxon Mobil rig in Guyana’s waters. GEORGETOWN – American oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana into a major oil producer. In what industry experts More...

rubis-new
By Edition On Wednesday, March 1st, 2017
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Rubis Caribbean ready for battle over oil terminal sale in Barbados

BRIDGETOWN – Rubis Caribbean has declared war to protect its multi-million dollar investment in Barbados as it anxiously awaits a decision from the Fair Trading Commission (FTC) on the proposed sale of the Barbados More...

venezuela_china
By Edition On Friday, January 27th, 2017
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China’s master plan for the Caribbean

Venezuela holds the world’s largest oil deposits in an area called the Orinoco Oil Belt. In 2012, Venezuela was the tenth largest oil exporter. The country is ranked nine in 2013. To sustain future long-term contracts More...

pdvsa
By Edition On Friday, January 27th, 2017
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Millions of barrels of Venezuelan oil stuck at sea in dirty tankers

HOUSTON (Reuters)- More than 4 million barrels of Venezuelan crude and fuels are sitting in tankers anchored in the Caribbean sea, unable to reach their final destination because state-run PDVSA cannot pay for hull More...