On a rainy Wednesday before Easter, hundreds of Venezuelan migrants shuffled into the brick-walled courtyard of the Divine Providence Shelter in the Colombian border town of Villa del Rosario, sat Continue Reading
British energy company BP said it wanted to expand its level of cooperation with an oil company in Brazil, one of the largest producers outside of OPEC. BP signed a Continue Reading
The doom and gloom forecasts for Venezuela’s oil production are about to get a bit gloomier. And since 95% of Venezuela’s export revenues come from oil, as things get more Continue Reading
Compressed natural gas is becoming trendy again in Argentina, as rising gasoline prices make it more economical, a shift that could help underpin the development of the country’s large shale Continue Reading
The preliminary steps toward drilling into an oil basin in Cuba are underway in a project that could draw international interest, an Australian company said. Melbana Energy, an Australian exploration, Continue Reading
Venezuela’s cash-strapped government stopped paying its foreign debt months ago. But a unit of Goldman Sachs GS 1.71% Group Inc. recently received payments of tens of millions of dollars for Continue Reading
Venezuela’s National Constituent Assembly has finally given the go-ahead to the country’s oil-backed cryptocurrency, El Petro, after the parliament declared it unconstitutional. According to a statement by Vice President Tareck Continue Reading
Venezuela stopped paying bondholders in September, according to central bank data, contradicting statements by President Nicolás Maduro that the county would continue to hhonorits debts while negotiating a resettlement with Continue Reading
The International Monetary Fund (IMF) is calling on the authorities of Guyana to revamp their tax laws for future oil contracts to protect themselves from unbalanced exploitation after massive Exxon Continue Reading
US imports of Venezuelan crude have fallen to near historic lows and five Gulf Coast refineries now import nearly every barrel the imperiled South American nation exports here, new US Continue Reading
