Royal Dutch Shell yesterday disclosed that the federal government’s recent claims that it owed Nigeria billions of dollars of unpaid oil and gas-related taxes could delay the development of its Continue Reading
One of the seven members on the governing panel of Mexico’s National Hydrocarbons Commission (CNH) has stepped down citing personal reasons halfway through his term, Reuters reports , adding this Continue Reading
In November 2017, Harry Sargeant III, a wealthy American businessman, flew to Venezuela to see about buying some oil. Sargeant, the former finance chairman of the Florida Republican Party, was Continue Reading
Russian companies in Venezuela are not experiencing any problems resulting from the escalation in the political situation in the country and have not incurred any losses on the oil they Continue Reading
Venezuela, under U.S. embargo, has shifted some of its crude exports from American refiners to India and Europe, according to the country’s oil minister and ship-tracking firms. But it will Continue Reading
Mexico’s central bank on Wednesday cut its economic growth forecasts for this year and next, flagging the risk of rating downgrades to the country and state-run oil firm Pemex, and Continue Reading
Mexican state oil company Pemex said on Wednesday its losses narrowed in 2018, helped by currency exchange gains as crude production and refining rates continued to decline. Pemex, Mexico’s largest Continue Reading
At least 8 tons of gold were removed from the Venezuelan central bank’s vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of Continue Reading
The equivalent of 1,145 truckloads of oil is stolen in Mexico per day from PEMEX – the state-owned petroleum company. That’s 146 billion Mexican Pesos (USD$7.4 billion) in lost revenue Continue Reading
Not even China’s voracious appetite for liquefied natural gas may be enough to absorb the additional supplies hitting the market this year, with the price of the super-chilled fuel potentially Continue Reading
