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Russia is sending troops and military equipment to Venezuela

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(Vice News) A pair of Russian military planes landed in the Venezuelan capital of Caracas Saturday, carrying troops and military equipment. An official in Caracas said Monday that members of Russia’s military were in Venezuela for talks about training and...
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Trump dangles investment to Caribbean leaders who back Venezuela’s Guaido

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(Reuters) - U.S. President Donald Trump pledged investment in a rare meeting on Friday with five Caribbean leaders who have sided with the United States in backing Venezuelan opposition leader Juan Guaido as head of state, the White House...
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Venezuelan continued oil fallout presents a challenge for global markets – IEA

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A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets, Merco Press said in a March 16 report. The International Energy Agency (IEA) has warned that crude supplies from...
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BHP to drill more wells in Trinidad after gas finds

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(Reuters) - BHP Group Ltd has stepped up exploration drilling in deep water off Trinidad and Tobago hunting for gas which could supply the country's Atlantic LNG (liquefied natural gas) plant in the 2020s, a senior executive said. The company...
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Guyana among 15 countries on oil spill response training course

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Training is underway for oil spill response managers in the wider Caribbean region at a course being held in St Kitts and Nevis during the period March 11-14. Participants from 15 countries, including Guyana, are attending the International Maritime Organisation...
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Storage tanks explode at Venezuela heavy oil project

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Two storage tanks have exploded at the Petro San Felix heavy-crude upgrading project in eastern Venezuela, according to an oil industry source and a legislator, Reuters said in a report on Wednesday. According to the Reuters report, the tanks were...
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Guyana gets thumbs-up from CDB for setting up fund to manage oil revenue

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The Caribbean Development Bank (CDB) is applauding Guyana’s efforts to establish a Natural Resources Fund as the South American country prepares for first oil in 2020. Speaking recently at the Bank’s annual news conference in Bridgetown, Barbados, Director of Economics,...
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Venezuela blackout halts most oil exports, hits crude upgrading

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(Reuters) - Venezuelan state-run oil firm PDVSA has been unable to resume crude exports at its primary port since last week’s blackout, according to people familiar with the matter, indicating that the country’s massive power outage is crippling the...
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Brazil overtakes Russia as top supplier to China’s independent refineries in Feb

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(S&P Global Platts) Surpassing Russia, Brazilian crude oil shipments for China's independent refineries topped the list in February at 2.17 million mt, S&P Global Platts monthly survey showed Tuesday. Total imports from Brazil were just 54,000 mt more than those...
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Why billions of barrels of oil go untapped in Brazil

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(Bloomberg) There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why is the crude just sitting there? A contract dispute between oil giant Petrobras...
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Guyana gov’t allocates US$245 million to complete Gas-to-Energy project

The Guyana government allocated US$245 million (GY$51 billion) for the Gas-to-Energy project in its 2025 budget. The landmark project...

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