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The dismantling of the oil industry in Venezuela and the defense of the public sphere

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By Miguel Denis and César Romero (openDemocracy) Venezuela is going through a general collapse of public services, which adds to the problem of hyperinflation, the low wages, and precarious living conditions. This context has motivated frequent protests in many communities...
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Oil prices slip as clouds gather over fuel demand, looser supply curbs

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(Reuters) - Oil prices edged lower on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs. Brent crude...
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Undemocratic leanings pushing Guyana’s risk profile up and harming oil potential

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On Wednesday, the United States of America announced that visa restrictions would be imposed on those individuals who, whether part of or connected to the government, indulged in continued efforts to stymie the conclusion of the 2020, General and...
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Guyana officials hit with US sanctions over democracy concerns

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A more than 4-month delay to the conclusion of its elections and the transfer of government to the opposition party which the results show secured the majority of votes have resulted in the United States announcing Wednesday the imposition...
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Oil giants including Exxon set first joint carbon target

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(Reuters) - A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure...
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ExxonMobil ramps up search for more oil at Redtail-1 offshore Guyana

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The drillship Noble Don Taylor will be moving from the Liza Field to the Redtail-1 well site within the prolific Stabroek Block as ExxonMobil continues its search for more oil offshore Guyana. A notice to mariners published in the local...
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Elections impasse puts millions of barrels and billions of dollars on the line for Guyana – Rystad Energy in new report

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Country could lose up to US$1.6 billion from delays in project approvals for Payara-Pacora development Up to 75 million barrels of oil on the line The prolonged delay in concluding the highly contested Guyana elections is becoming...
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Guyana oil field equipment expenditure to hit peak in 2022 on FPSO demand

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The largest component of forecast offshore Oil Field Equipment (OFE) expenditure will be fixed and floating production equipment, totalling $139 billion, bolstered by activity in Latin America, particularly Guyana, where regional expenditure on the floating platform sector is set...
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IEA raises 2020 oil demand estimate but warns over threat to strong rebound

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(S&P Global Platts) The global economy bounced back from the worst of pandemic lockdowns faster than expected in the second quarter, but a second wave of COVID-19 infections could still derail the strong recovery so far, the International Energy...
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U.S. turns screws on maritime industry to cut off Venezuela’s oil

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(Reuters) - Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S....
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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