Mayra Linares, a 40-year-old sickle-cell anemia patient at Caracas University Hospital, waited for 10 days until she got one of three units of blood she needed in February. Her mother Continue Reading
Argentina’s state oil and gas company YPF expects its oil and gas production from shale deposits to increase 35 percent this year thanks to falling costs at the huge Vaca Continue Reading
Parker Drilling’s Kelly Thorman discusses bribery and corruption in oil and gas and how companies can equip themselves with compliance measures. At the mention of corruption in oil and gas, Continue Reading
PVM Oil Associates’ Stephen Brennock said in a note this week. The note followed reports about Washington getting more serious about imposing an oil embargo on the South American nation. Continue Reading
“Venezuela oil workers are dying of hunger – a military coup in 2018 seems inevitable” Dooma on Sun, 4th Mar 2018 7:52 am And the rest of the Western world Continue Reading
Venezuela’s election agency said Thursday that a presidential vote planned for April 22 will be pushed back until late May after the government reached a deal with some opposition candidates. Continue Reading
All options are on the table, including sanctions, when considering tools to coerce Venezuela into following constitutional lines, the U.S. government said. Venezuela is a member of the Organization of Continue Reading
Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 Continue Reading
Production from offshore Guyana to more than a half million barrels per day is supported with the latest oil discovery, the seventh for a partnership. Exxon Mobil announced oil was Continue Reading
An anonymous official from the U.S. State Department said no decision had been made regarding the upcoming round of punitive measures against President Nicolas Maduro’s regime, however. Officials are reportedly Continue Reading
The situation in Venezuela is not improving. You are probably aware of what afflicts the country: Spiraling and overlapping economic crises (largely of the government’s own making) emptied store shelves Continue Reading
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a Continue Reading
Commodity trader Mercuria has asked the US Treasury for permission to buy out a $1.5bn loan between Russia’s Rosneft and Venezuela’s state oil company, which had raised the prospect of Continue Reading
If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in Continue Reading
Venezuelan President Nicolas Maduro promised on Saturday to recover 70 percent of the country’s lost oil production in the first half of 2018. “I can tell you, the unprecedented injustices Continue Reading
Fishing in Amuay Bay. The largest refinery complex in Venezuela has occasionally spewed contaminants into the water, threatening the livelihood of families in the area. AMUAY, Venezuela — The aging Continue Reading
The Trump administration is threatening to embargo Venezuelan oil, a potentially ruinous blow to the Saudi Arabia of South America. But here in the home of the world’s largest crude Continue Reading
The oil industry in the country sitting on the world’s largest oil reserves is collapsing amid a savage economic crisis and rampant hyperinflation. So desperate is the situation in Venezuela Continue Reading
Venezuela has made history as the first country to launch its very own Initial Coin Offering. The long-hyped Petro cryptocurrency has been the center of controversy and curiosity to many Continue Reading
While workers scramble to leave Venezuela’s state-held oil firm by the thousands, PDVSA has just told its employees that they are banned from following users on social media except for Continue Reading
The dramatic fall in Venezuela’s oil production has surprised many analysts and has helped to tighten the oil market more than expected. The country’s economic outlook is grim, and the Continue Reading
The Aruba government said on Thursday it started talks with the United States after Houston-based firm Citgo Petroleum slowed work on an overhaul of the Caribbean island’s 235,000-barrel-per-day refinery due Continue Reading
Oil was found flowing naturally for the first time ever onshore in Jamaica at two locations in what could be a door opener in the Caribbean, companies said. Two companies, Continue Reading
PDVSA, Venezuela’s state-oil company, is losing workers by the thousands, with as many as 10,000 leaving the company in just one week of January, media report, citing protests against low Continue Reading
Two months after Venezuelan President Nicolas Maduro surprised analysts and the cryptocurrency world with his idea to launch an oil-backed cryptocurrency, the socialist president said early on Tuesday that Venezuela Continue Reading
It has been an appalling few years for Brazil’s energy patch. Weaker oil prices, sweeping corruption scandals and the worst economic downturn ever have sharply impacted the nation’s oil industry Continue Reading
Venezuela’s economy on the brink of collapse Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday Continue Reading
Six months after bursting on to the Mexican stock market with the third-biggest initial public offering since 2015 and the promise to become a Latin American energy champion, Vista Oil Continue Reading
Venezuela is going to shop around for other buyers of its crude oil, should the United States make good on its threat to impose an oil embargo on the troubled Continue Reading
As the market embarks on a second year of record level LNG supply from the Atlantic Basin and strong competition from Asia for those volumes, a potential choke point is Continue Reading
Mr Macron (right) spoke at a joint press conference with Argentina’s Mauricio Macri France’s President Emmanuel Macron has called for tougher sanctions against Venezuela, accusing it of violating democracy and Continue Reading
The Wall Street Journal reported last week that Venezuela’s oil output in December fell by 11 percent, to 1.62 million barrels per day (BPD). That capped a decline of 29 Continue Reading
Venezuela’s presidential election race has begun with favorite and incumbent Nicolas Maduro signaling a nationalist, “anti-Trump” campaign while his demoralized foes scramble to find a viable candidate for a vote Continue Reading
Mr Maduro said he welcomed the assembly’s decision to bring forward the poll Venezuela’s pro-government Constituent Assembly has ordered fresh elections before the end of April. President Nicolas Maduro told Continue Reading
Cash-strapped and crisis-stricken Venezuela “can easily manage” an oil production increase of 1 million bpd this year to lift its production capacity to 2.472 million bpd, its oil minister Manuel Continue Reading
Venezuela has more crude oil than any other nation. But the crisis there is so bad that even oil companies are losing… Venezuela has more crude oil than any other Continue Reading
With an estimated five percent of needed medicines available, Venezuela on Friday launched a health plan that relies on herbs and natural remedies. The “100 percent Natural Health Plan” seeks Continue Reading
U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation’s ongoing economic turmoil and U.S. sanctions on the country and state-run oil company Continue Reading
A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journal A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journalinvestment Continue Reading
Venezuela’s oil output is collapsing at an accelerating pace, deepening an economic and humanitarian crisis and increasing the chances the country will default on its debts. Crude production fell 11% Continue Reading
Venezuelan oil output dropped 13 percent in 2017, falling to a 28-year low, official figures released by the Organization of Petroleum Exporting Countries (OPEC) said on Thursday. The Latin American Continue Reading
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency Continue Reading
A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journal A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journal Continue Reading
According OPEC’s secondary sources data — provided by independent groups — Venezuela’s oil production fell by another 82,000 barrels per day (bpd) in December, taking output down to 1.745 million Continue Reading
Argentina’s state-run energy company YPF said Thursday it has finalized a deal with Norway’s Statoil to jointly explore and develop a block targeting Vaca Muerta, the country’s largest shale play. Continue Reading
The aftermath at a looted government food store in Guarico Saturday. (Aporrea) Bogota, January 16 2018 ( venezuelanalysis.com ) – Isolated incidents of looting broke out in several Venezuelan states Continue Reading
Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start Continue Reading
By mid-February, 38.4 million Petros could go on sale, raising $2.3 billion for the cash-starved government, VIBE, a new governmental advisory group, said. This is a large departure from the Continue Reading
A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude. (Bloomberg) — The world’s hottest offshore prospect for oil companies is Continue Reading
French energy company Total said it’s now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company. Total and Continue Reading
