Is This Argentinian Shale Play The Next Permian?
Having inked a $300 million investment deal with the Argentinian YPF, Shell reiterated its claim to join the ranks of the various oil & gas majors engaged in tapping the Continue Reading
Colombia’s Oil Sector Faces ‘Post-Conflict’ Security Problems
Colombia’s oil industry continues to face bombings and other security challenges even after last year’s peace deal that ended a long-running guerrilla conflict, a top Colombian oil official said Tuesday. Continue Reading
Oil-for-loan debts cost Venezuela’s PDVSA hard-won India market share
Venezuela’s state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist Continue Reading
Brazilian crude threatens Oceania, Middle East suppliers’ Asian market share
China’s strong appetite for Brazilian crude has set off alarm bells among various producers in Oceania and the Middle East, prompting Australian and key Persian Gulf crude suppliers to slash Continue Reading
Total teams up with Brazil’s Petrobras
French energy company Total announced alongside its Brazilian counterpart, Petrobras, both sides were teaming up in a $2.25 billion joint venture agreement. “These new partnerships together with a reinforced technological Continue Reading
Colombia Rebel Group Wages Oil Pipeline War as Another Disarms
Colombia’s smaller rebel group has unleashed a wave of attacks on the country’s No. 2 oil pipeline, a show of strength amid peace talks that’s creating a headache for companies Continue Reading
Colombia’s Ecopetrol reports 14% year-on-year decline in proven reserves
State-controlled Ecopetrol reported a 14% year-on-year reduction in proven reserves through December 31, a decrease that reflects three years of declining oil field investment in Colombia’s oil patch, it said Continue Reading
Venezuela deputy president defies US over drug sanction
Tareck el-Aissami (L) was supported by President Maduro (R) on Tuesday The vice-president of Venezuela has accused the US of “imperialist aggression” after it slapped sanctions on him for allegedly Continue Reading
US labels Venezuelan vice-president a drug kingpin
The Trump administration has frozen millions of dollars in assets belonging to Tareck El Aissami, as it labelled Venezuela’s powerful vice-president an international drug trafficker. The US Treasury designated Mr Continue Reading
Venezuela falls behind on oil-for-loan deals with China, Russia
Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. Continue Reading