• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 14 mins Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 3 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 18 hours Indonesia Stands Up to China. Will Japan Help?
  • 8 hours US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 9 mins Beijing Must Face Reality That Taiwan is Independent
  • 19 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 23 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 10 hours Might be Time for NG Producers to Find New Career
  • 2 days Phase One trade deal, for China it is all about technology war
  • 6 hours Trump has changed into a World Leader
  • 1 day Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 2 days Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded

Global Intelligence Report – 10th July 2019

Rig

Exxon’s Generous Royalty Deal in Guyana Is Safe, For Now

Investors have been waiting to see what the outcome of the latest political crisis in Guyana would be in the aftermath of a string of major offshore discoveries that came along with a very generous royalties deal for Exxon.

The wait is potentially over. Guyana has now made it clear that it will revisit royalties contracts with an eye to bigger revenues for the government, but for now, the plan is to apply that to future contracts--not existing ones.

Fears were additionally stoked when regulators announced an investigation into possible corruption related to oil deals. Guyana’s State Assets Recovery Agency (SARA) announced last quarter that it was probing how those licenses were awarded, which sent another wave of anxiety through hedge funds invested in Exxon.

Again, SARA made it clear that while all deals are technically being probed “in fairness”, only two blocks (not having to do with Exxon) are really the target here.

Exxon’s royalties will remain intact, according to our political experts and government sources on the ground in Guyana. At stake are the 4 billion barrels of oil it’s just discovered, and no one wants to rock this boat.

PDVSA’s New Clientele: The Illicit Oil Swap

Reuters has brought to light an unknown “Turkish” company that is oddly buying oil from Venezuela. Using our sources on the ground in Turkey and…




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