Shell starts production offshore Brazil
Royal Dutch Shell said Monday it started production from the third and final phase of operations in the deep waters off the coast of oil-rich Brazil. “The safe, early delivery Continue Reading
$67 Oil Has All The Majors Converging Here
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy Continue Reading
Venezuelan Court Sentences Newspaper Publisher to Prison
A Venezuelan court sentenced the publisher of a prominent provincial newspaper to four years in prison for defamation in the coverage of corruption at a state mining company, sparking concern Continue Reading
Venezuela’s PDVSA seeks 8 million barrels of crude in large tender
Venezuela’s state-run oil company PDVSA has launched one of its largest oil tenders ever, seeking to buy some 8 million barrels of U.S. or Nigerian light crude for delivery from Continue Reading
From Champs To Chumps: Latin America Oil Giants Owe $275 Billion
The Latin American state-run oil companies whose largesse filled government coffers from Mexico to Brazil during the crude boom of the previous decade are quickly becoming dangerous liabilities as soaring Continue Reading
Venezuela to Implement New Foreign Exchange System on Thursday
Venezuela will move to a floating exchange rate for non-essential imports on Thursday and allow the state-owned oil company to sell dollars into the new market, said Miguel Perez Abad, Continue Reading
LatAm oil producer meeting postponed due to scheduling difficulties
A meeting between Latin American oil producers to unify the region in backing an output freeze or other measures to bolster prices has been postponed from Friday due to scheduling Continue Reading
Argentina’s ‘Dead Cow’ Provides Rare Bright Spot for Oil, Gas Drillers
From North Dakota to Texas and beyond, oil and gas companies have sharply reined in drilling and thousands of workers are being laid off. But here, where the oil and Continue Reading
Total Plans Hunt for `Elephant’ Oil Find Off Uruguay’s Coast
France’s Total SA is weeks away from drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Continue Reading
Venezuela lawmakers announce plan to oust Maduro
A bit of financial juggling may have helped Nicolás Maduro, Venezuela’s embattled socialist president, stave off a default after paying $1.5bn to international creditors last month. But that will not Continue Reading