All about Oil

pdvsa-venezuela-tanker
By Edition On Thursday, April 5th, 2018
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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...

Stabroek-Block-and-Fields
By Edition On Monday, January 8th, 2018
0 Comments

Oil giant reports its largest find in Guyana

GEORGETOWN – Oil giant ExxonMobil had made another major oil discovery in Guyana’s waters – the sixth and largest find to date. ExxonMobil’s partner, Esso Exploration, last Friday announced a major oil More...

Maduro-New-Bill
By Edition On Friday, December 29th, 2017
0 Comments

Venezuela oil-backed cryptocurrency to launch in days, government says

Venezuela’s cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday. President More...

Baota-Petrochemical-Group
By Edition On Monday, December 11th, 2017
0 Comments

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...