Algeria Calls for Non-OPEC Members to Cut Production Rates
The Algerian energy minister stated that non-OPEC nations need to help to stabilize international oil prices,
Venezuela Lays Claim to Guyana Oil Field
Venezuela is laying claim to massive oil and gas reserves recently discovered by Exxon Mobil off the coast of Guyana,
Guyana Searches for Alternatives to Venezuelan Oil
Guyana is considering energy alternatives to the Petrocaribe program as Venezuela fails to meet export quotas and tensions flare between the neighboring countries.
Uruguay Settles Oil Debt with Venezuela at a Discount
South American OPEC nation Venezuela will allow Uruguay to pay off a $400 million energy debt at a 35 percent discount, Uruguay said on Monday.
Italian Eni Starts Production at Venezuelan Gas Field
Italian energy company Eni said Monday it started production at the Perla gas field, the largest field of its kind found off the coast of Venezuela.
Venezuela Oil Refinery Faces Challenges
At Amuay, this oil-rich country’s largest refinery, workers say they risk toxic-gas exposure as they wait for Petróleos de Venezuela SA, the state energy giant, to replace rusted pumps and corroded pipelines, a proce ...
Exxon to Continue Search for Guyana Oil Despite Venezuela’s Disputes
Exxon Mobil Corporation (NYSE:XOM) recently discovered oil off Guyana’s coast but the country is involved in a land dispute with Venezuela, which can potentially disrupt the oil major’s exploration activities. UK Gets Involved in Spat Between Guyana, Venezuela Over Oil
British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on ... Venezuela Demands Guyana Stop Oil Exploration in Disputed Territory
Venezuela's President Nicolas Maduro demanded on Tuesday that neighbouring Guyana stop oil exploration in a disputed offshore territory.
