SBM Offshore has been awarded contracts to perform FEED for an FPSO for the Yellowtail development project offshore Guyana. FPSO operator SBM Offshore has been awarded contracts to perform front-end Continue Reading
Citgo Petroleum Corp, the eighth-largest U.S. oil refiner, reported on Monday its seventh quarterly loss in the last two years and reshuffled its board of directors, naming three new members. Continue Reading
Exxon Mobil (XOM.N) is in discussions with Dutch contractor SBM Offshore NV (SBMO.AS) to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to Continue Reading
Theft from oil pipelines in Colombia is booming as criminal gangs look to replace dwindling supplies of smuggled Venezuelan gasoline for use in the drug trade, as shown by data Continue Reading
Rising fuel costs and a surge of inflation is threatening Brazil’s economic recovery. In response to the crisis, President Bolsonaro is floating the idea of privatizing the country’s national oil Continue Reading
The Cold War lived on in socialist Venezuela, where, since Hugo Chávez courted the Kremlin in the 2000s, the United States and Russia engaged in what was largely a two-way Continue Reading
Venezuela’s state oil company PDVSA halted two key gasoline production units at its Amuay refinery, the country’s largest, after a fire in the area, four sources with knowledge of the Continue Reading
Brazilian President Jair Bolsonaro said on Monday that dealing with high fuel prices is his top priority and he sees privatization of the state-run oil company Petrobras as the “ideal” Continue Reading
Brazil’s carbon dioxide emissions soared last year due to greater deforestation in regions including the Amazon, dealing a fresh blow to President Jair Bolsonaro’s environmental credentials. Emissions rose 9.5% versus Continue Reading
In this Sept. 9, 2021 file photo, pedestrians walk near a poster asking for the freedom of Colombian businessman and Venezuelan special envoy Alex Saab, and that reads in Spanish Continue Reading
