Venezuela crude output in key region plunges due to diluent shortage
Crude output in Venezuela’s key Orinoco oil belt plunged by a quarter to less than 300,000 barrels per day (bpd) in August due to a shortage of diluents needed to Continue Reading
Brazil minister warns of deeper energy crisis amid worsening drought
Brazil’s Mines and Energy Minister Bento Albuquerque on Tuesday warned that the country’s energy crisis was worse than previously thought, as a record drought hampers hydropower generation. In a televised Continue Reading
How To Capitalize On Guyana’s Oil Boom
The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the surging Delta Continue Reading
Cocaine Production Soars In Colombia As Oil Industry Crumbles
Conflict-torn Colombia’s economically crucial oil industry continues to labor under the pressure of an array of threats. After being severely impacted by the pandemic oil output in the Andean country Continue Reading
EXCLUSIVE Japan’s Inpex sells Venezuela oil and gas assets to local group -sources
Japanese oil company Inpex Corp sold two Venezuelan oil and gas assets to Caracas-based Sucre Energy Group, three people familiar with the transaction said, as multinational firms retreat from the Continue Reading
Analysis: Venezuela sees refinery debt swap as model for future deals
Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks Continue Reading
Citgo Could Help Venezuela’s Refineries Get Started
Refiner Citgo Petroleum, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, expects to play a “bridge” role in a Venezuelan transition once U.S. sanctions are lifted, and could help Continue Reading
Brazil Could Provide A Quarter Of The World’s Offshore Oil In 4 Years
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is Continue Reading
Brazil Discusses Gas Pipeline From Vaca Muerta Shale With Argentina
Brazil is in talks with Argentina about potentially building a $5-billion natural gas pipeline from the Argentinian Vaca Muerta shale play, Brazilian President Jair Bolsonaro said during his weekly live Continue Reading
Planned Panama Canal maintenance to severely impact transit capacity: shipping agents
Scheduled maintenance at the Panama Canal’s Miraflores Locks Aug. 29-Sept. 10 could severely impact canal capacity and extend transit delays for “days, if not weeks after completion,” shipping sources have Continue Reading