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. In 1899...
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’s President Nicolas Maduro demanded on Tuesday that neighbouring Guyana stop oil exploration in a disputed offshore territory. The exploration is being carried out by US oil giant ExxonMobil. Venezuela...
Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a “significant” oil discovery off Guyana in waters also claimed by Venezuelaas part of a long-running border dispute between the South A...
Venezuela is pushing for a new agreement between OPEC and non-OPEC nations to stabilize oil prices, President Nicolas Maduro said on Friday, in the most serious indication yet of a renewed drive to boost prices back t...
Algeria’s Sonatrach and Venezuela’s PDVSA would target the US as a market for the two countries’ potential new blend of crude oil, a source at the state-owned Algeria company said Monday, as the two ...
Venezuelan Foreign Minister Delcy Elonia Rodriguez Gomez announced that she had conferred on oil and energy policies with Iranian officials during his Monday visit to Tehran. “During the visit, the Venezuelan oi...
Harvest Natural Resources Inc. is seeking to raise cash to fund operations after Venezuela blocked the sale of its remaining oil assets in the country. Harvest, based in Houston, is seeking to raise funds in debt or e...
A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory. The claim, one of m...
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling. Oman is havi...