Brazil’s Petroleo Brasileiro SA drew plaudits from investors last month for announcing a plan to sell off eight of its refineries in a process the company says could fetch some Continue Reading
Venezuela’s National Assembly, led by opposition leader Juan Guaido, on Tuesday authorized an interest payment on an overdue bond, in an apparent bid to keep the country’s crown jewel overseas Continue Reading
THE FAILURE of an uprising against Venezuela’s authoritarian regime last week has left opposition leaders and their foreign supporters debating what went wrong. Did the generals and other senior regime Continue Reading
The Panama Canal Authority announced a new maximum draft restriction of 43 feet, or 13.11 meters, the sixth since January, in the Gatun Lakes, which will come into effect May Continue Reading
There was a time when Venezuela led Latin America in the battle against malaria. No longer. The collapse of the country’s economy and health system, combined with a boom in Continue Reading
Exxon Mobil Corp said on Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Exxon has been investing heavily in its Continue Reading
Exxon Mobil Corp on Friday sued Cuba’s state-owned Cuba-Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Continue Reading
Venezuela’s state-run oil company PDVSA said on Friday it would install 20 generators to make a crude project partly owned by Chevron “independent” of the national grid, after a wave Continue Reading
Venezuela’s opposition came tantalizingly close to removing President Nicolás Maduro from power this week, according to more than a dozen people involved in talks to oust him. But in the Continue Reading
As opposition leader Juan Guaidó failed to ignite a military uprising in Venezuela this week, his allies in Washington placed the blame not only on troop loyalty toward President Nicolás Continue Reading
The number of LNG tankers through the expanded Panama Canal in 2018 increased 77% year on year, according to the Panama Canal Authority. Looking at the volume of LNG carriers Continue Reading
Curacao’s state-owned Isla oil refinery, which is operated by Venezuelan state-run company PDVSA, has received an exemption from U.S. sanctions on PDVSA, the Caribbean island’s government said in a statement Continue Reading
The United States in January imposed sanctions on Venezuela’s most important global business – producing and selling crude oil – as the Trump administration ratcheted up its bid to force Continue Reading
The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in Continue Reading
Thousands of marchers began street protests on Wednesday to try to force leftist Venezuelan President Nicolas Maduro from power as tension grew between Russia and the United States over the Continue Reading
The Panama Canal Authority has reduced the maximum authorized draft for vessels transiting the Neopanamax locks for the fifth time this year, following a serious drought that has reduced water Continue Reading
Venezuelan opposition leader Juan Guaido on Tuesday made his strongest call yet to the military to help him oust President Nicolas Maduro, and violence broke out at anti-government protests as Continue Reading
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing the global supply of heavy-medium crude, driving up prices for scarcer barrels and Continue Reading
Erik Prince – the founder of the controversial private security firm Blackwater and a prominent supporter of U.S. President Donald Trump – has been pushing a plan to deploy a Continue Reading
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing the global supply of heavy-medium crude, driving up prices for scarcer barrels and Continue Reading
US sanctions came into effect Sunday to block Venezuela’s economic lifeline of oil exports, in what Washington hopes will be a major blow in its fledgling campaign to topple leftist Continue Reading
The Waorani people of the Amazon in Ecuador have renewed their vow to continue their fight to keep their ancestral land off limits for oil drilling, threatening to defend their Continue Reading
Massive blackouts in Venezuela in March and April have drastically reduced oil production at Chevron’s biggest oil joint venture in the country, Bloomberg reported on Thursday, citing data that it Continue Reading
Venezuela will soon pass the point at which it will be unable to recover lost oil production if U.S. sanctions persist into next year, the federal government said on Wednesday. Continue Reading
Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from 843,000 b/d in March, when several blackouts crippled export infrastructure, according to the company’s monthly Continue Reading
Disputed Venezuelan President Nicolas Maduro has publicly criticized the “theft” of its state-owned and US-based refining operations, Citgo, in a radio broadcast on Tuesday, adding that those responsible of this Continue Reading
Venezuela’s opposition-controlled National Assembly’s finance committee on Wednesday authorized a $71 million interest payment on state-owned oil company PDVSA’s 2020 bond, which is backed by shares in its crown jewel Continue Reading
Venezuela is suffering a humanitarian crisis after its economy crashed and was rocked by hyperinflation. Juan Guaidó claimed the interim presidency in an attempt to oust the sitting President Nicolás Continue Reading
The Vaca Muerta shale play in Argentina has been a hot spot in global oil and gas for the past few years after exploration suggested it could yield oil and Continue Reading
The US is still considering secondary sanctions on Venezuelan oil exports, but is likely to delay implementation as it attempts to push Iranian crude and condensate exports to zero, analysts Continue Reading
Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s Continue Reading
Reliance Industries denied involvement in any arrangements that lead to cash payments for oil supplies to Venezuelan state oil company PDVSA via third parties and said it is not in Continue Reading
President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according Continue Reading
Spanish Repsol is suspending fuel shipments to Venezuela due to fears that it could violate the US sanctions against the Latin American nation, according to Reuters . The fuel was Continue Reading
Exxon Mobil Corp said on Thursday the U.S. oil major along with its partners have made an oil discovery offshore Guyana, which adds to the previously estimated 5.5 billion barrels Continue Reading
Russian diplomats have tried to buy riot gear in Malta and allegedly load it on a warship en route to Venezuela, in a move that raises concerns in the EU Continue Reading
Chinese state-run news agency Xinhua said on Tuesda y that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of Continue Reading
The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela’s Continue Reading
Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign Continue Reading
Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website. The consortium for three Continue Reading
U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks will add about Continue Reading
Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido’s chief legal representative Continue Reading
The poorest nation in the Western hemisphere has seen its fuel supply increasingly challenged since a program designed by Venezuela to supply fuel and gain influence in the Caribbean collapsed Continue Reading
The Supreme Court of the Netherlands dismissed Ecuador’s attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a $9.5 billion judgment against Chevron Continue Reading
The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil. Refiners in Continue Reading
Former Venezuelans soldiers play pool at Villa Antigua Hotel in Cúcuta, Colombia, where they are applying for refugee status. (Charlie Cordero/For The Washington Post) When the Trump administration first demanded Continue Reading
The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said Continue Reading
US residual fuel oil exports to Panama totaled 943,000 barrels in January, up more than three times from 303,000 barrels in the year-ago month, Energy Information Administration data showed Thursday. Continue Reading
Venezuelan leader Nicolas Maduro is lambasting U.S. Vice President Mike Pence’s remarks at the U.N. Security Council as both “ridiculous” and “racist.” In a televised address early Wednesday evening, Maduro said Continue Reading
Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, the country told OPEC, deepening the impact of a global production curb and Continue Reading
