It was roughly a decade ago when hydraulic fracturing, known as fracking, was identified as a crucial means for boosting Colombia’s meager hydrocarbon reserves and production. A shortage of proved Continue Reading
Venezuela could pay with oil for COVID-19 vaccines, Nicolas Maduro, the President of the struggling South American nation that is home to the world’s biggest oil reserves, said on Sunday. Continue Reading
Venezuela’s government on Sunday accused Facebook Inc of “digital totalitarianism” after it froze President Nicolas Maduro’s page for 30 days for violating its policies against spreading misinformation about COVID-19. Facebook Continue Reading
The virus has killed more than 300,000 people in Brazil, its spread aided by a highly contagious variant, political infighting and distrust of science. The patients began arriving at hospitals Continue Reading
After a series of notable oil discoveries in offshore Guyana and then Suriname over the last six years the impoverished South American nations became a focal point for offshore drilling Continue Reading
Houston — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the top executive Continue Reading
The operator of an oil terminal operated by Venezuela’s state oil company PDVSA has declared bankruptcy, blaming it on U.S. sanctions, Reuters has reported , citing court documents. According to Continue Reading
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil under President Continue Reading
Managers of foreign oil companies have been visiting Caracas recently to negotiate a possible return of international firms to Venezuela’s embattled oil industry after Nicolas Maduro began promising earlier this Continue Reading
An explosion at a 20-inch pipeline that provides natural gas to the PIGAP II gas reinjection plant in northern Monagas state in Venezuela was the result of a “terrorist attack,” Continue Reading
