All about Oil

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...

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...