Caribbean News Events iBusiness iCommunity iCrime iFinance iLocal News iOpinion iViews iWorld News News Publisher's Choice Your View
The View From Europe: PetroCaribe, sanctions and collateral damage
By David Jessop From Barbados Advocate AS this is being written, an uneasy calm prevails in Haiti following nearly two weeks of widespread demonstrations against the Government of President Jovenal Moïse. Protesters had been demanding his resignation, blocking roads, burning…
PDVSA’s angry creditors are prowling the Caribbean for oil to seize
By Lucia Kassai, Sheela Tobben & Ezra Fieser From Bloomberg Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a…
Venezuela will remap its Caribbean oil, gas prospects
By Bloomberg|Fabiola Zerpa From RigZone (Bloomberg) — Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people…
Caribbean News Events iBusiness iCommunity iFinance iLocal News iTech iWorld News Manager's Choice News
Venezuelan diplomat defends viability of Petro cryptocurrency
By Youri Kemp From Caribbean News Now CARACAS, Venezuela — Venezuelan charge d’affaires in Barbados, Alvaro Sanchez Cordero, has responded directly to a Caribbean News Now report on the viability and efficacy of the Venezuelan, oil backed, cryptocurrency, the “Petro”,…
Caribbean News Events iBusiness iCommunity iFinance iLocal News iTravel iWorld News Manager's Choice News
PDVSA to resume use of Caribbean oil terminal under NuStar deal
From Reuters HOUSTON (Reuters) – Venezuela’s PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run company to resume use of a key storage terminal in the Caribbean, the U.S. energy firm said on…
Russian oil bought by PDVSA for Cuba discharges in the Caribbean -data
From Reuters HOUSTON, June 25 (Reuters) – A tanker that for more than a month was unable to deliver Russian crude to Venezuela’s PDVSA amid a dispute between the state-run firm and ConocoPhillips has discharged its cargo in the Caribbean,…
Venezuela suspends oil delivery to some Caribbean states
From St Lucia Times Antigua Observer:- Antigua and Barbuda is among countries to be affected as Venezuela’s PDVSA says it is suspending petroleum deliveries to about half of the Caribbean countries in its Petrocaribe agreement. The move comes due to…
Caribbean News Events iBusiness iCommunity iEnvironment iFinance iLocal News iTech iWorld News News Publisher's Choice
ConocoPhillips ‘not close’ to recouping $2 billion from PDVSA, CEO says
Reuters From E&P U.S. oil producer ConocoPhillips Co. (NYSE: COP) is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA , ConocoPhillips’ CEO said May 15. ConocoPhillips has won court orders…
Caribbean News Events iBusiness iCommunity iEnvironment iLocal News iScience iWorld News Manager's Choice News
Enough global oil supplies to avoid possible disruptions in Caribbean – U.S.
From Reuters WASHINGTON, May 16 (Reuters) – There is enough oil supply in the global market to make up for potential fuel disruptions from U.S. oil producer ConocoPhillips’ legal actions against Venezuelan state oil company PDVSA, a State Department spokesman…
Venezuela suggests ready to pay after Conoco moves on its Caribbean assets
By Alexandra Ulmer, Deisy Buitrago From Reuters CARACAS (Reuters) – Venezuela on Thursday rejected ConocoPhillips’s moves to seize the country’s Caribbean assets to collect on a $2 billion arbitration award, but in a sign the U.S. oil company’s pressure might…
