All about Oil

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...

pdvsa-venezuela-tanker
By Edition On Thursday, April 5th, 2018
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Venezuela’s oil sector may soon have new owners

CARACAS - Venezuela’s oil production fell by another 100,000 barrels per day (bpd) in March, a devastating blow that will only make the country’s economic crisis worse. Output is expected to continue its downward More...

oil-company-execs
By Edition On Wednesday, March 28th, 2018
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Italian Oil Company interested in drilling offshore Guyana

GEORGETOWN - An Italian oil and gas exploration company could be the new kid on the block if the Guyana government gives it the go-ahead to carry out exploration offshore. ENI is a multinational oil and gas company More...

nicolas_maduro_barboza
By Edition On Monday, March 19th, 2018
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The decline in exports of Venezuelan oil to the United States was threatening

The decline in exports of Venezuelan oil to the United States has assumed alarming proportions – he fell to a 15-year low. According to Thomson Reuters, in February, PDVSA and its joint venture sent to the United More...

oil-seeps-jamaica-2
By Edition On Thursday, March 1st, 2018
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Jamaica may have found oil, but it needs investors to dig into discovery

KINGSTON - Jamaica could be sitting on oil. Two independent live oil seeps have been discovered in different parts of the island – the first documented occurrence of ‘live’, or flowing, oil from onshore More...

maduro
By Edition On Friday, February 16th, 2018
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Venezuela’s president says oil output up 250000 bpd at start of year

CARACAS - Venezuela’s president, Nicolas Maduro, said on Thursday the country’s oil output was up 250,000 barrels per day at the beginning of 2018. The socialist leader, who is up for re-election in April, also More...

Haiti Port au Prince
By Edition On Thursday, January 11th, 2018
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No more oil from Venezuela for Haiti because of Trump

PORT AU PRINCE - Jude Alix Patrick Salomon, the minister of the economy and finance, has revealed that the financial sanctions imposed by the Trump administration against Venezuela, including limiting banking transactions, More...

Venezuela's President Nicolas Maduro speaks during a news conference at Miraflores Palace in Caracas
By Edition On Thursday, January 11th, 2018
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Venezuelan parliament rejects oil-backed cryptocurrency as problematic and dangerous

CARACAS - The proposed oil-backed cryptocurrency, the “Petro”, set to launch in early 2018, has been challenged by the Venezuelan parliament on the grounds that it would be “illegal” to mortgage the countries More...