Brazil Sees Oil Exports Soar
Colombia production is holding a plateau over the past year after a large decline in the last part of 2015 and first half of 2016. August value was 858 kbpd Continue Reading
PDVSA Booted From Caribbean Terminal Over Unpaid Bills
A total of $26 million in unpaid bills has caused Venezuela’s PDVSA to be blocked from using a NuStar Energy oil storage terminal in the Caribbean, according to an exclusive Continue Reading
Cuban oil drilling ready for 2018
While looking for partners to join in, Australian energy company Melbana said it was positioned for an early start to an oil drilling program in Cuba next year. Melbana is Continue Reading
Venezuela’s deteriorating oil quality riles major refiners
Venezuela’s state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for Continue Reading
Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
Venezuela’s President Nicolas Maduro claimed victory in a regional election on Sunday in a surprise win defying opinion polls, but the opposition refused to recognize the outcome, decrying fraud, in Continue Reading
IMF crunches the numbers for possible Venezuela rescue
The International Monetary Fund has begun preparations for a possible rescue of Venezuela that could require $30bn or more in international help annually and come alongside one of the world’s Continue Reading
Venezuela Opposition Has Few Options After Vote Many Call Fraudulent
Opponents of President Nicolás Maduro expressed skepticism on Monday over the results of regional elections that the governing party said it won decisively, leaving weary Venezuelans facing the grim prospects Continue Reading
Top Venezuela refineries at 34 percent of capacity: union, documents
Venezuela’s main refining complex, hobbled by a lack of oil and maintenance issues, is down to operating at about a third of its 955,000-barrel-per-day capacity, according to a union official Continue Reading
$800 Million Gas Pipeline Proposed As Argentina Preps For Shale Boom
Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina’s Vaca Muerta shale fields, a company source said, aiming to address Continue Reading
Russia Gets Foothold In The World’s Hottest NatGas Discovery
Chinese E&P major Sinopec reportedly put its Argentina assets up for a $1 billion sale this week. With one of the interested buyers said to be Russia’s Rosneft. And that Continue Reading