All about Oil

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...

Guyana
By Edition On Wednesday, January 18th, 2017
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Could Guyana end up among the world’s major oil producers?

International oil and gas company Exxon Mobil struck liquid gold a second time in its exploration efforts offshore Guyana. GEORGETOWN - A leading consultancy firm says Guyana is poised to join the world’s major More...

Vienna
By Edition On Wednesday, November 30th, 2016
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OPEC reaches deal to cut oil production

VIENNA - OPEC representatives reached a deal to cut oil production after months of wrangling Wednesday, in an effort to lift sagging prices and reassert the cartel’s influence over a market increasingly dominated More...

exxon-mobile-deep-champion
By Edition On Monday, November 28th, 2016
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ExxonMobil promises more jobs for Guyanese after finding oil offshore

GEORGETOWN – Multinational gas company ExxonMobil won’t be building an oil refinery in Guyana but it assures that more jobs will soon be available to Guyanese as it prepares to begin production there. Jeff Simon, More...

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By Edition On Thursday, November 17th, 2016
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Special Report: Anyone for Gas?

It is now two years since the incorporation of the new public company, Curaçao Oil and Gas Company (KPG), whose main task is to organise and facilitate Curaçao’s petroleum exploration aims. This misfortunately More...

PDVSA
By Edition On Thursday, August 18th, 2016
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Venezuela’s light crude habit soaks up US exports

HOUSTON - Venezuela’s thirst for light crude imports could play an interesting role in crimping as much as 300,000 b/d of its own crude exports. That would amount to a whopping 14% of Venezuela’s 2.12 million More...

Refinery
By Edition On Friday, August 12th, 2016
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U.S. crude oil exports reach more destinations including Curaçao

HOUSTON, WILLEMSTAD - Since the removal of restrictions on exporting U.S. crude oil in December 2015, the number of countries receiving exported U.S. crude has risen sharply. These exports have occurred despite More...

deepwater_champion7
By Edition On Wednesday, July 6th, 2016
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ExxonMobil’s significant oil find off Guyana leads to questions about the country’s future

GEORGETOWN - US oil giant ExxonMobil made waves in Guyana last Thursday by announcing it had confirmed a “world-class discovery” of oil offshore. The company said results from its exploration well in the Stabroek More...

Bullenbaai
By Edition On Monday, March 21st, 2016
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Venezuela’s PDVSA to import light crude from BP, China Oil through Curaçao

WILLEMSTAD - British oil major BP and China Oil have been awarded a tender launched by Venezuela’s PDVSA to buy some 8 million barrels of Nigerian and U.S. light crude for delivery during the second quarter, traders More...