No End In Sight For Venezuela’s Oil Crisis
Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the Continue Reading
PDVSA’s oil sales to U.S. bounced in June; Caribbean stocks drained
Venezuelan crude sales to the United States recovered in June from May as state-run PDVSA exported more of its diluted oil to its customers and drained inventories from two Caribbean Continue Reading
China to Breathe New Life in Venezuelan Oil Company Despite US’ Ire
Storage tanks stand in a PDVSA state-run oil company crude oil complex near El Tigre, a town located within Venezuela’s Hugo Chavez oil belt, formally known as the Orinoco Belt Continue Reading
Can China Save Venezuela’s Collapsing Oil Industry?
China Development Bank will reportedly invest $250 million in Venezuela’s Orinoco Belt in an effort to stave off the decline of the country’s heavy oil production. That comes as China Continue Reading
New oil phase under way for offshore Guyana
A contract for a floating production vessel offshore Guyana marks the start of the second phase of development of the giant Liza oil field, SBM Offshore said. The offshore services Continue Reading
Cuban oil drilling window opening
Australian energy company Melbana sees drilling window opening at a field near the northern coast of Cuba. Map courtesy of Melbana Energy Ltd. July 2 (UPI) — A window for Continue Reading
Citgo Petroleum appoints executives to positions at Aruba refinery
Citgo Petroleum, the U.S. refining arm of Venezuela’s state-run oil company PDVSA, said on Thursday it appointed two senior executives to new positions as it works to refurbish an idled Continue Reading
Panama Canal Authority to allow LNG vessels chance for second reserved daily slot starting in October
The Panama Canal Authority will boost the number of daily reserved transit slots available for LNG vessels starting October 1 and will make improvements that will allow it to increase Continue Reading
Brazil’s Petrobras pumps first oil from Tartaruga Verde Field
Brazilian state-led oil producer Petrobras pumped first oil from the offshore Tartaruga Verde Field, completing installation of the company’s second new floating production unit to enter service in 2018, Petrobras Continue Reading
Russian oil bought by PDVSA for Cuba discharges in the Caribbean: data
A tanker that for more than a month was unable to deliver Russian crude to Venezuela’s PDVSA amid a dispute between the state-run firm and ConocoPhillips has discharged its cargo Continue Reading