Colombian President Gustavo Petro is planning to end contracting for hydrocarbon exploration. The plan could endanger the country’s energy security. Some analysts warn that ending contracting for hydrocarbon exploration could Continue Reading
Venezuela’s largest refinery center stopped all operations on Tuesday following a fire and a blackout at the site. A small fire erupted at a vacuum tower at the Amuay oil Continue Reading
Chevron’s hope for expanding its operations in Venezuela hinge on election talks taking place between disputed Venezuelan President Nicolás Maduro and his opposition, Juan Guaido, according to anonymous Reuters sources Continue Reading
Cuba´s communist-run government replaced its energy and mines minister with Vicente de la O Levy, head of the state-run electronics company, official media reported on Monday, as the country struggles Continue Reading
Iran has started refining its crude oil in Venezuela, Iranian media have reported , citing oil minister Javad Owji. Iranian crude is being processed at a rate of 100,000 bpd Continue Reading
The Guyana-Suriname Basin is quickly emerging as one of the most prolific offshore oil regions in the world. Guyana has had tremendous success in its ventures with Big Oil in Continue Reading
Ecuador’s economy is staring down yet another crisis. Economic headwinds could further jeopardize its already-struggling oil industry. Drill count is inching up slowly, but it remains to be seen whether Continue Reading
The Biden administration is preparing to scale down sanctions on Venezuela’s authoritarian regime to allow Chevron Corp. CVX 0.57%▲ to resume pumping oil there , paving the way for a Continue Reading
Venezuela on Saturday released six U.S. citizens and one U.S. legal resident, who Washington said had been wrongfully detained in the South American country, as part of a major prisoner Continue Reading
Guyana is quickly becoming one of the hottest new oil frontiers on the planet. It is estimated that over 11 billion barrels of recoverable oil resources have been discovered in Continue Reading
Lula, the favorite against Bolsonaro, is promising to reverse rainforest-destroying policies and protect the climate. He’ll also have to keep the country from going hungry. At the edge of the Continue Reading
Activity levels are at all-time highs in Argentina’s prime region for oil and gas production, but equipment and transport bottlenecks are limiting its growth, energy executives said on Thursday at Continue Reading
Watch: Lightning strikes surround the eye of Hurricane Ian Cuba is completely without power after Hurricane Ian pummelled the western end of the island, its government has announced. The electrical Continue Reading
Crude oil is Colombia’s largest export responsible for around a third of the Andean country’s total exports by value. Colombia’s lack of proven oil and natural gas reserves, and the Continue Reading
The Haitian government’s plan to raise fuel prices has sparked chaos in the Caribbean country, with a powerful gang leader blocking a port and calling for the prime minister’s overthrow, Continue Reading
Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country’s energy ministry announced Friday, hoping Continue Reading
Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. Venezuela is ready to ramp up Continue Reading
Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country’s energy ministry announced Friday, hoping Continue Reading
Escalating street protests have pushed Haiti’s already dire social crisis this week into what regional leaders described as a “low-intensity civil war,” leaving residents of the capital cut off from Continue Reading
Decades of corruption, mismanagement, and poor maintenance have led to a huge drop in Venezuela’s refining capacity. Iran has helped Venezuela to ease its still ongoing fuel crisis. Venezuela needs Continue Reading
Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned Continue Reading
The bolivar is plummeting, breaking a rare stretch of stability for Venezuela’s battered currency. It has lost a third of its value so far this month, hitting 9.33 bolivars per Continue Reading
Europe is quickly running out of Russian energy alternatives. Venezuela has just halted oil shipments to Europe, saying it is done with oil-for-debt deals. Venezuela is now looking for refined Continue Reading
Colombia inaugurated its new president, former leftist guerilla Gustavo Petro. The notoriously anti-oil president is already making moves to extract more revenue from the mining and oil industries. Colombia is Continue Reading
Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, Continue Reading
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot Continue Reading
Venezuela’s state oil firm PDVSA diverted two crude cargoes set to discharge at Cuba’s Matanzas terminal, Refinitiv Eikon data and company documents showed on Tuesday, as a fire that devastated Continue Reading
Firefighters on Tuesday finally overcame what officials described as the worst fire in Cuba’s history that over five days destroyed 40% of the Caribbean island’s main fuel storage facility and Continue Reading
A third crude tank caught fire and collapsed at Cuba’s main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank Continue Reading
Near-record amounts of seaweed are smothering Caribbean coasts from Puerto Rico to Barbados, killing fish and other wildlife, choking tourism and releasing stinky, noxious gases. More than 24 million tons Continue Reading
Outages disrupting Venezuela’s power and gas supplies to state-run energy firm PDVSA hit July oil exports, contributing to a 27% fall from the previous month, according to Refinitiv Eikon vessel Continue Reading
Venezuela’s crude oil exports fell in July, Refinitiv Eikon data showed on Tuesday, as oil markets are on the prowl for additional oil supplies to ease the tight market. Venezuela’s Continue Reading
ExxonMobil is continuing with its incredibly precise exploration of Guyana’s Stabroek block with two new discoveries southeast of the Liza and Payara developments. U.S. supermajor ExxonMobil is continuing with its Continue Reading
Exxon Mobil Corp (XOM.N) on Tuesday said it has made two new oil discoveries offshore Guyana and that it has already exceeded, in July, its 2022 production target for the Continue Reading
Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022. Guyana may see $7.5 billion in annual oil and gas revenues by 2030. Guyana is the Continue Reading
Guyana’s revenue from domestic oil and gas production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030. As the burgeoning Continue Reading
In the coming years, upstream capex in Latin America will shift into deeper and deeper water with Brazil, Guyana, and Mexico likely to lead the charge for new spending. In Continue Reading
Iran is increasing supplies of a key crude grade that Venezuela is using to boost its aging refineries’ productivity and free domestic oil for exports, documents seen by Reuters on Continue Reading
Over 11 billion barrels of oil and gas found off Guyana Country wants to accelerate production to develop economy Hopes to negotiate more favorable contracts for next phase New offshore Continue Reading
In the first diplomatic contact between the U.S. and Venezuela since Trump, Biden dispatched a diplomatic mission to meet with President Maduro in early March 2022. The mission was among Continue Reading
A new battle for control of Citgo Petroleum, the eighth largest U.S. oil refiner and Venezuela’s foreign crown jewel, could soon be unleashed under a proposed management shake-up by the Continue Reading
U.S. refiner Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington’s sanctions on its parent company PDVSA, if the U.S. government authorizes the flow, Continue Reading
Latin America’s third largest economy is reporting record-breaking hydrocarbon production. Shale oil and natural gas output from the Vaca Muerta basin have been vital in Argentina’s push to ramp up Continue Reading
Investors are growing increasingly wary of Colombia’s struggling oil industry. A lack of discoveries has pushed the country to look to fracking, though the move has been met with major Continue Reading
The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the Continue Reading
Production at Venezuela’s largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout, according Continue Reading
Argentina’s Neuquen province, home to the huge Vaca Muerta shale oil and gas formation, has awarded two new concessions to energy firm Pluspetrol, the local government said on Friday, with Continue Reading
Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America. Gross Continue Reading
Suriname is preparing to tender some 60 percent of its offshore blocks over the next 12 months, Reuters reported this week, citing a vice-president of the state oil firm, Staatsolie. Continue Reading
Exports of Ecuador’s flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday. At least eight Continue Reading
