Hungry Venezuelans Flee in Boats to Escape Economic Collapse
The dark outlines of land had just come into view when the smuggler forced everyone into the sea. Roymar Bello screamed. She was one of 17 passengers who had climbed Continue Reading
Venezuela opposition says Vatican-brokered talks ‘frozen’
Venezuela’s opposition said on Wednesday that talks with the government were “frozen” after officials failed to attend meetings the previous day, throwing cold water on Vatican-brokered attempts to bridge the Continue Reading
Australian energy company rewarded for Cuban oil efforts
Australian energy company Melbana said its early work in Cuba has paid off with a contract extension. Photo by U.S. Department of State/UPI MELBOURNE, Nov. 23 (UPI) — An Australian Continue Reading
Argentina’s YPF to expand shale oil drilling with Petronas
Argentine state-controlled energy company YPF ( YPFD.BA ) said on Wednesday it plans to continue a pilot shale oil project with Malaysia’s Petronas ( PGAS.KL ), announcing an additional $192.5 Continue Reading
China Puts Oil Over Politics in Bid to Lift Venezuela Output
China’s move to invest $2.2 billion in Venezuela for a share of increased crude production shows a desire to extract itself from the country’s political fights while securing access to Continue Reading
Venezuela oil company PDVSA delays bond payments
Venezuela’s state oil company reportedly is delaying $404 million in bond payments in an apparent sign that the oil giant’s financial woes are worsening amid the slump in petroleum prices. Continue Reading
PDVSA only made partial bond payments – JPMorgan
Venezuela’s state oil company PDVSA has apparently only made a partial interest payment due on three bonds last week. About $539m of coupon payments on bonds maturing in 2021, 2024 Continue Reading
Is Argentina About To See An Oil Crash?
It’s been a tough week for the U.S. oil and gas industry, with the Department of Interior annulling 25 leases in Colorado’s Mancos shale (for environmental reasons), and then cancelling Continue Reading
Venezuela’s Oil Industry To Receive Another Shot In The Arm From China
As the U.S. dollar climbs higher and higher (and higher), the crude complex is getting blown over by the gale-force headwinds it is providing. We edge closer and closer to Continue Reading
Venezuela: Imports Have Continued To Drop Throughout 2016
Venezuela’s imports plummeted by more than 45 percent between January and August when compared to the same period in 2015, according to a Nov. 15 report from Torino Capital LLC. Continue Reading