Big Oil executives jet to Rio for deepwater oil sale
Brazil will auction eight blocks in its coveted deepwater oil region on Friday, a prospect that has lured top executives from the world’s biggest oil companies to Rio de Janeiro Continue Reading
Venezuela Could Default In The Next 48 Hours
This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming “technical glitches” when in reality it simply did not have the money (or wish to part Continue Reading
PDVSA Keeps Investors Guessing
PDVSA’s next $985 million debt payment – due Friday – has international investors guessing how Caracas will meet yet another financial deadline to prevent total default, according to reports emerging Continue Reading
After big bet on Guyana, Hess posts big loss
After dumping billions of dollars in assets to focus on one particular oil field in Guyana, Hess Corp. said Wednesday its net loss almost doubled year-over-year. Hess reported a net Continue Reading
Venezuela Oil Shipments To U.S. Fall By Half
Venezuelan oil shipments to the United States have fallen to just 56 percent of their 2016 average, cargo-tracking data from Bloomberg has revealed , as sanctions against Caracas hinder oil Continue Reading
Argentina’s YPF To Invest $21.5B From 2018 To 2022
YPF plans to invest $21.5 billion in the country from 2018 to 2022. BUENOS AIRES, Oct 25 (Reuters) – Argentina’s state-controlled energy company YPF plans to invest $21.5 billion in Continue Reading
Shell: Breakeven For Brazilian Pre-salt Less Than $40
Shell is confident that it can produce oil from Brazil’s promising prolific pre-salt layer for less than $40 per barrel, that’s why the supermajor is taking part in this week’s Continue Reading
Study: expanding Brazilian sugarcane for ethanol could reduce global CO2 emissions by up to 5.6%
Vastly expanding sugarcane production in Brazil for conversion to ethanol could reduce current global CO 2 emissions by as much as 5.6%, according to a new study by an international Continue Reading
Can Venezuela Avoid Default?
The oil and bond market participants have hardly had time to take a breather after Venezuela’s disputed regional election, as the cash-strapped crisis-stricken country has to make more than $2 Continue Reading
Oil Quality Issues Could Bankrupt Venezuela
The next few weeks for Venezuela will be crucial, as it could struggle to meet a huge stack of debt payments. Reports that the nation’s oil production is experiencing deteriorating Continue Reading