Venezuela’s oil production fell by another 100,000 barrels per day (bpd) in March, a devastating blow that will only make the country’s economic crisis worse. Output is expected to continue Continue Reading
Gulf Coast Refineries in the United States are importing crude oil from other countries in order to insulate themselves from possible US-imposed sanctions on Venezuela. Using data compiled in part Continue Reading
The state-run energy firms of Chile and Argentina said on Wednesday they had inaugurated a $354 million project to increase production of natural gas off the southern tip of South Continue Reading
The oil basins off the coast of Brazil are among the best prospects in the world, German energy company Wintershall said after the latest auction. The Brazilian government offered nearly Continue Reading
For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead of keeping their vast reserves under the tight control of governments and state-run oil companies. Continue Reading
Royal Dutch Shell’s Brazilian subsidiary secured four deep-water exploration blocks off the country’s coast, the company announced. Shell Brasil Petroleo said Thursday it will operate in two of the four Continue Reading
In February and March, Brazil’s state-controlled oil firm Petrobras hedged 128 million barrels of its expected 2018 production —equal to around 15 percent of total production—at an average price of Continue Reading
Exxon Mobil Corp roared into Brazil’s prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country’s choice reserves Continue Reading
Data in a U.S. report suggests that as Venezuela depends on oil revenue, and it’s a top oil exporter to the United States, pressure could cuts both ways. The U.S. Continue Reading
Alfred De Zayas, UN independent expert for the promotion of an international democratic and equitable order (Archive) Alfred de Zayas, a UN Independent Expert for the promotion of an international Continue Reading
