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
