The threat of peak oil demand arriving sooner than predicted and the aggressive push to decarbonize the world economy in a post-Paris Agreement world is creating considerable uncertainty for the Continue Reading
Venezuela will remove six zeros from the bolivar in another attempt to save a currency that has been wracked by years of hyperinflation. The central bank said it plans to Continue Reading
The strife-torn South American nation of Colombia was rocked by anti-government protests which commenced in late April 2021 and lasted for roughly two months. By mid-May 21 road blockades had Continue Reading
Despite a near economic collapse, shattered petroleum industry infrastructure and empty government coffers, Venezuela’s oil minister Tareck El Aissami continues to talk-up the prospects of the OPEC members crude oil Continue Reading
The global push to substantially reduce carbon and other fossil fuel emissions is expected to sharply impact demand for fossil fuels. It will eventually trigger a phenomenon known as peak Continue Reading
French TotalEnergies and Norwegian Equinor will exit their oil joint venture with PDVSA, Bloomberg has reported , citing unnamed sources familiar with the matter. TotalEnergies held a 30-percent stake in Continue Reading
Highlights Two wells drilled simultaneously on Stabroek block Encountered 246 feet and 167 feet of net pay Adds to block’s 9 billion boe total resource estimate An ExxonMobil-led consortium has Continue Reading
Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output. A document has Continue Reading
Highlights Pilot planned on two blocks Project seen opening new opportunities in shale play YPF also to invest in tertiary recovery YPF, the biggest oil producer and second for natural Continue Reading
While the COVID-19 pandemic and 2020’s oil price collapse hit Argentina’s hydrocarbon sector hard, leading to some analysts to claim that it may never fully recover , there is evidence Continue Reading
