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Venezuela crisis: Will the US target oil exports?

(BBC) In its battle against the rule of Venezuelan President Nicolás Maduro, the United States has been trying to cripple the government's ability to secure funds and run the country - with sanctions that target officials, some sectors of...

US Ambassador frowns on TT’s support for Maduro: Rowley lashes back

Prime Minister of Trinidad and Tobago Dr Keith Rowley has responded to the United States Ambassador to Trinidad and Tobago Joseph Mondello’s statement against Trinidad and Tobago’s position on Venezuela, according to a news report on CNC3’s website. In a...

T&T recognizes Maduro as President of Venezuela – Stuart Young

Trinidad and Tobago’s Minister in the Office of the Prime Minister, Stuart Young has confirmed that the government of Trinidad and Tobago currently recognises Nicolas Maduro as the president of Venezuela. This is according to a report from CNC3 in...

Maduro will face ‘swift and severe’ consequences if US diplomats are harmed – US Senator

As tensions continue to rise in Venezuela, US Senator Marco Rubio on Wednesday said that embattled leader Nicolas Maduro will face severe consequences if any harm befalls American diplomats in the South American country. Rubio’s comments came hours after Maduro...

“Get out!”: Maduro breaks relations with US and demands all consular staff leave in next 72 hours

Nicolás Maduro spoke from the balcony of Venezuela’s presidential palace Wednesday, where he announced he was officially breaking political and diplomatic relations with the US and ordered all consular staff to leave the country within the next 72 hours,...

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...

Venezuela prepares for massive anti-government marches

(CNN) Scores of people are expected to take to the streets of Venezuela on Wednesday in a revitalized effort against President Nicolas Maduro and his government. The opposition-controlled National Assembly called for Wednesday's nationwide marches after accusing Maduro's government of...

BP CEO Bob Dudley sees solid oil demand growth despite fears over global economy

(CNBC) BP is expecting solid growth in oil demand this year despite growing concerns about a global economic slowdown, CEO Bob Dudley said Tuesday. The British energy giant forecasts the world's appetite for oil will grow by another 1.4 million barrels...

U.S. shale oil output to rise to record 8.179 million bpd in February: EIA

(Reuters) - U.S. oil output from seven major shale formations is expected to rise by nearly 63,000 barrels per day (bpd) in February to a record 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report...

Guyanese youth warming up to oil and gas

Scores of young people in Guyana were given an opportunity to learn about the emerging oil and gas sector and how they can position themselves to benefit from opportunities. This was done through the hosting of the second round...

Latest News

Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...