Venezuelan oil output dropped 13 percent in 2017, falling to a 28-year low, official figures released by the Organization of Petroleum Exporting Countries (OPEC) said on Thursday. The Latin American Continue Reading
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency Continue Reading
A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journal A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journal Continue Reading
According OPEC’s secondary sources data — provided by independent groups — Venezuela’s oil production fell by another 82,000 barrels per day (bpd) in December, taking output down to 1.745 million Continue Reading
Argentina’s state-run energy company YPF said Thursday it has finalized a deal with Norway’s Statoil to jointly explore and develop a block targeting Vaca Muerta, the country’s largest shale play. Continue Reading
The aftermath at a looted government food store in Guarico Saturday. (Aporrea) Bogota, January 16 2018 ( venezuelanalysis.com ) – Isolated incidents of looting broke out in several Venezuelan states Continue Reading
Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start Continue Reading
By mid-February, 38.4 million Petros could go on sale, raising $2.3 billion for the cash-starved government, VIBE, a new governmental advisory group, said. This is a large departure from the Continue Reading
A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude. (Bloomberg) — The world’s hottest offshore prospect for oil companies is Continue Reading
French energy company Total said it’s now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company. Total and Continue Reading
