Guyana's Ministry of Natural Resources welcomed ExxonMobil's latest oil discoveries in the Stabroek Block at Sailfin-1 and Yarrow-1 Offshore Guyana. Since 2015, more than 30 discoveries have been made within the Stabroek Block. The government hopes these two new discoveries will significantly expand the country's petroleum
International oil cartel Organization of the Petroleum Exporting Countries (OPEC)+’s strategy is working, Bloomberg reports, and the massive oil tanks swarming the Caribbean islands are solid evidence of this. When Saudi Arabia decided to maintain the large cut in crude production in January, traders have been "draining
Reopening refineries is a challenge St. Croix’s Limetree Bay refinery may lose its main supplier of crude, the British multinational oil and gas company BP, if it will not be able to continue operations by December, according to two Reuters sources. In the news wire's exclusive report,
