The development of non-conventional oil deposits using fracking could generate $500 million per project per year in taxes, royalties, dividends for shareholders and salaries in Colombia, the country’s private oil Continue Reading
In August, rows of corn plants dotted the rural landscape in the Honduran department of Lempira. From afar, nothing looked amiss in these small farms. Yet it hadn’t rained for Continue Reading
Brazilian state-run oil firm Petrobras ( NYSE:PBR ) reported on Tuesday a net income for Q3 surging more than 20 times compared to the profit for the same quarter last Continue Reading
Drivers reported staggering queues to fill their tanks in Venezuela’s western states over the weekend, as existing gasoline shortages worsened, impacting at least half of Venezuela’s 24 regions. In some Continue Reading
Venezuela’s crude sales to the United States declined 19 percent in October from September due to lower exports of upgraded oil from the country’s largest producing region, the Orinoco Belt, Continue Reading
Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, Continue Reading
Chilean state oil company ENAP will accept its first cargo of WTI Midland-spec crude at the Port of Quintero this month, sources said Thursday. Receive daily email alerts, subscriber notes Continue Reading
Cars, motorcycles and buses wrapped around Caracas’ gas stations earlier this week as oil production and refining becomes increasingly erratic in the former petro giant. The fuel shortages have expanded Continue Reading
Earlier this year, Elainy Portela watched with alarm as measles reappeared with a vengeance. Telltale red rashes covered six children near her home in Manaus, just off the highway used Continue Reading
Brazil’s state energy giant Petrobras has decided not to go through with a drilling plan at a field operated by Chevron, effectively ruining the supermajor’s plans for the field, Reuters Continue Reading
