All about Oil

exxon-mobil
By Edition On Monday, December 3rd, 2018
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ExxonMobil makes 10th oil discovery offshore Guyana

GEORGETOWN - United States oil giant ExxonMobil has made its 10th discovery offshore Guyana at the Pluma-1 well. This latest discovery has increased the estimated recoverable resource for the Stabroek Block to More...

The 169th Organization Of Petroleum Exporting Countries (OPEC) Conference
By Edition On Monday, December 3rd, 2018
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Qatar is leaving OPEC

Qatar will leave OPEC in January 2019 to focus its efforts on plans to develop and increase its natural gas production, a decision is confirmed today by the country's state oil company (the Qatar Petroleum) just More...

Igor Sechin
By Edition On Monday, November 26th, 2018
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Rosneft chief rebukes Venezuela oil shipments

WASHINGTON, MEXICO CITY - The head of Russian oil company Rosneft, Igor Sechin, flew to Caracas last week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, More...

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...