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Venezuela fuel shortages get worse as tanker staff flee

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(Bloomberg) Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once...
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Oil hits lowest in a year, even as OPEC considers output cut

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(Reuters) - Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even as producers considered cutting output to curb supply. Prices were on course for their biggest one-month...
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PetroCaribe deterred focus on renewables – Caribbean academic

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(CMC) - A leading Caribbean academic says that while Venezuela's PetroCaribe initiative helped participating Caribbean Community (Caricom) countries get through a difficult patch, it also deterred investments in renewable energy. In 2005, Caracas developed an oil alliance with many Caribbean...
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Liza Destiny ready for topside modules

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Dutch floater specialists SBM Offshore says work on the 1.6-million-barrel capacity Floating Production Storage and Offloading (FPSO) vessel – Liza Destiny, is progressing on schedule with all systems in place for delivery in 2019. SBM said that after finishing the...
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Oil claws back some losses after 6-pct plunge, but outlook still weak

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(Reuters) - Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. But...
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Favourable reservoir conditions and break-evens for development make Guyana a safe bet

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US oil major ExxonMobil is rapidly developing vast oil reserves discovered off the Guyana coast in what analysts say are ideal conditions for a solid return on investment that will result in massive revenue for the company and its...
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Guyana President returns home after medical treatment in Cuba

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Guyana’s President David Granger has been given the greenlight to travel home after receiving treatment over the past 3 weeks for Non-Hodgkin Lymphoma in the Caribbean island of Cuba. The Guyana Embassy in Cuba said in a statement on Monday...
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Trinidad presses dual gas supply from Venezuela

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Venezuela, Trinidad and Tobago and oil majors Chevron and Shell appear to be making progress on two separate projects that would develop and supply offshore natural gas, Argus said in a report on Monday. Venezuelan gas supply is critical for Trinidad,...
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Guyana submits Memorial on Jurisdiction to ICJ in Venezuela border case

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Guyana has submitted its Memorial on Jurisdiction in the case brought against the Bolivarian Republic of Venezuela to confirm, in a final and binding judgment, the full legal validity of the arbitral award that established the international boundary between...
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All offshore oil rigs shut down in Canadian Province after Husky Energy spill

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The agency that regulates offshore safety in Newfoundland and Labrador says all offshore oil rigs in the province's waters have been temporarily shut down. The Canada-Newfoundland and Labrador Offshore Petroleum Board says in a statement on its website that operations...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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