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Venezuela Recalls Ambassador to Guyana Amid Territory Dispute

2015-07-07 05:24:48| Oil & Gas - Topix.net

Venezuelan President Nicolas Maduro on Monday said he was calling in the country's ambassador in neighboring Guyana for consultations amid an escalating row over oil exploration in a disputed offshore territory. The OPEC nation in June demanded that Guyana halt exploration being carried out by ExxonMobil off the coast of the region known as the Essequibo, weeks after Exxon said it had found oil.

Tags: venezuela territory guyana dispute

 

GM sees $600 million expense due to currency swings in Venezuela

2015-07-01 09:49:37| Automakers - Topix.net

The largest US automaker and the third biggest in the world, General Motors, has recently announced it would incur a pre-tax charge of around $600 million because of currency devaluation in Venezuela. The move shows automakers are once more in jeopardy if they operate in the South American country, with GM's "re-measurement" being for the automotive cost of sales in the troubled economy during the second quarter of the year, according to a company filling with the US Securities Exchange Commission.

Tags: due million venezuela currency

 
 

ExxonMobil and Petróleos de Venezuela sell Chalmette Refinery to PBF Energy

2015-06-19 01:00:00| Hydrocarbons Technology

American oil and gas firm ExxonMobil and Venezuelas national oil company Petroleos de Venezuela will sell a jointly owned Chalmette Refining for $322m to PBF Energy.

Tags: sell energy venezuela refinery

 

"Guyana and Venezuela: Let the International Court decide" by Sir Ronald Sanders

2015-06-15 03:26:21| Oil & Gas - Topix.net

It is, to say the least, unfortunate that Venezuela's President, Nicolas Maduro , has allowed domestic pressures to cause him to take the extreme measure of issuing a decree on May 27, creating the "Atlantic coast of Venezuela " that includes sovereignty over Guyana's territorial waters in the Atlantic Ocean off the Essequibo region and stretches eastward across the rest of the country into part of Suriname's maritime space. Effectively the decree claims all the territorial waters within a 200 miles range and blocks Guyana's access to the Atlantic Ocean.

Tags: international court decide venezuela

 

"Guyana and Venezuela: Let the International Court decide" by Sir Ronald Sanders

2015-06-14 21:17:16| Chemicals - Topix.net

It is, to say the least, unfortunate that Venezuela's President, Nicolas Maduro , has allowed domestic pressures to cause him to take the extreme measure of issuing a decree on May 27, creating the "Atlantic coast of Venezuela " that includes sovereignty over Guyana's territorial waters in the Atlantic Ocean off the Essequibo region and stretches eastward across the rest of the country into part of Suriname's maritime space. Effectively the decree claims all the territorial waters within a 200 miles range and blocks Guyana's access to the Atlantic Ocean.

Tags: international court decide venezuela

 

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