Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful Continue Reading
Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the Continue Reading
The head of Venezuela’s state oil company PDVSA, Asdrubal Chavez, and Venezuelan vice-president and economy minister Delcy Rodriguez are visiting Russia today to “deepen strategic alliances,” Reuters reported , citing Continue Reading
In desperation, Maduro’s autocratic regime has turned to Iran, another pariah state, for assistance. The collapse of Venezuela’s once-mighty oil industry has not only caused the Latin American country’s economy Continue Reading
While offshore Brazil , Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Continue Reading
Nearly a decade ago South America’s emerging offshore oil boom was viewed as a fad triggered by soaring oil prices which by 2011 had recovered from the Great Recession to Continue Reading
Despite significant headwinds, including a prolonged oil price slump, Colombia’s national oil company Ecopetrol r eported a solid third quarter 2020 profit with net income of around $222 billion. This Continue Reading
Venezuela’s crude production entered November on a downswing after the US banned non-US companies from crude-for-diesel swaps at the end of October. Output was slipping below an October average of Continue Reading
Venezuela’s crude oil exports last month fell further, to a low of 359,000 bpd, Reuters reported , citing official data. The decline was the result of the expiry of a Continue Reading
The Chilean government has set itself ambitious targets to become one of the world’s leading exporters of green hydrogen by the end of the decade, taking advantage of the country’s Continue Reading
