Tag: crude oil

Venezuela and Burkina Faso Strengthen South-South Cooperation +

Tina Marie (Ms. Cat)
“Venezuelan President Nicolas Maduro greets Ibrahim Traore – the Chavez of West Africa – at the Burkina Faso embassy in Moscow. Maduro says he is so proud of Traore for standing up to and defending his country from vicious imperialism.” – Tim Anderson

Venezuela and Burkina Faso Strengthen South-South Cooperation

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President AMLO’s Sixth & Final Informe

Tina Marie (Ms. Cat)

Friends:

Today I present to you and to the people and the nation my last government report and I do so more convinced than ever that the best of Mexico is its people, heirs of civilizations that flourished long before the arrival of the European invaders. Thanks to the roots of those pre-Hispanic cultures of that deep Mexico, the Mexicans of today are, in their vast majority, hard-working, supportive and honest. The legacy of good principles that were transmitted from generation to generation and that have not disappeared – despite oppression, classism and racism – is what distinguishes us and places us as a country of virtues and greatness.

President AMLO’s Sixth & Final Informe

China’s recently discovered Bozhong 26-6 200 million cubic meters of reserves

Tina Marie (Ms. Cat)

China’s National Offshore Oil Corporation (CNOOC) has announced that its Bozhong 26-6 oilfield has proven reserves of over 200 million cubic meters. Located in the southern waters of the Bohai Sea, if this figure is correct, it could make the oilfield the biggest metamorphic rock oilfield worldwide.

China’s recently discovered Bozhong 26-6 200 million cubic meters of reserves

Guyana to Receive Pyrrhic Profits From ExxonMobil Oil Production

Tina Marie (Ms. Cat)

The profits received by the Guyanese national treasury are minuscule compared to the enormous profits to be reaped by the US oil company ExxonMobil from the exploitation of crude oil in the Stabroek block, located in waters that have not yet been delimited with Venezuela. Although this fact has caused the historical dispute between both nations to heat up, it is paradoxical that Guyana is the least favored in this equation.

Guyana to Receive Pyrrhic Profits From ExxonMobil Oil Production

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

Tina Marie (Ms. Cat)

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.

Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.

The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.

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US Strategic Oil Reserve Refill Is Limited Despite Low Prices

Guayana Esequiba: Geo-economics of an Occupation

Tina Marie (Ms. Cat)

An air of bonanza has raised the projections of the Exxon Mobil corporation, which accumulated around 414 billion dollars in 2022, an unprecedented income in its history, which represents 44.8% more than the previous year. It is a gigantic increase if compared to its crisis in 2020, when its losses put its place in the stock market in jeopardy. Also from the research of that American corporation, it is said that Guyana could become “the country that produces the most barrels of oil per inhabitant in the world, surpassing Kuwait, in that case, when measuring the wealth per capita of its 800 thousand inhabitants, it would become a rich country, since in 2021 its GDP increased by 57.8% and in 2022 by 37.2%”.

Guayana Esequiba: Geo-economics of an Occupation