Rosneft’s chief executive, Igor Sechin, last week flew to Caracas to have words with President Maduro regarding delays in the shipments of Venezuelan crude that Caracas had agreed to send Continue Reading
Venezuela’s state-owned oil company PDVSA has settled an arbitration case brought against it by Canadian miner Crystallex and has paid the company US$1.4 billion to avoid having its most precious Continue Reading
Venezuela has reached a settlement with Canadian gold miner Crystallex to hold onto its US refiner Citgo, but will have to stay on top of payments through early 2021 to Continue Reading
Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on the Argentinian shale play for oil and natural gas production growth. Continue Reading
Venezuela’s oil ministry last month turned down a proposal by BP ( BP.L ) to buy Total’s ( TOTF.PA ) stake in a promising but inactive natural gas project along Continue Reading
Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will prevent a creditor from stripping away its crown jewel foreign asset, the U.S.-based Citgo Petroleum Corp refining business, according to Continue Reading
Venezuela is the fifty-seventh country to encounter hyperinflatio n in modern history. The economist Steve Hanke estimated — using the doctrine of purchasing power parity (PPP) — that the country’s Continue Reading
The government blamed illegal logging for the rise Deforestation of the Amazon rainforest in Brazil has hit its highest rate in a decade, according to official data. About 7,900 sq Continue Reading
The 14 subsalt areas that Brazil sold at the country’s five production-sharing auctions will yield about 2.1 million b/d and 24 million cu m/d in fresh output by 2028, according Continue Reading
In the past, Brazil’s massive state-owned oil company Petroleo Brasileiro SA (Petrobras) has operated at the whim of Brazilian politics, a volatile model to say the least. After years of Continue Reading
