A new battle for control of Citgo Petroleum, the eighth largest U.S. oil refiner and Venezuela’s foreign crown jewel, could soon be unleashed under a proposed management shake-up by the Continue Reading
U.S. refiner Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington’s sanctions on its parent company PDVSA, if the U.S. government authorizes the flow, Continue Reading
Latin America’s third largest economy is reporting record-breaking hydrocarbon production. Shale oil and natural gas output from the Vaca Muerta basin have been vital in Argentina’s push to ramp up Continue Reading
Investors are growing increasingly wary of Colombia’s struggling oil industry. A lack of discoveries has pushed the country to look to fracking, though the move has been met with major Continue Reading
The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the Continue Reading
Production at Venezuela’s largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout, according Continue Reading
Argentina’s Neuquen province, home to the huge Vaca Muerta shale oil and gas formation, has awarded two new concessions to energy firm Pluspetrol, the local government said on Friday, with Continue Reading
Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America. Gross Continue Reading
Suriname is preparing to tender some 60 percent of its offshore blocks over the next 12 months, Reuters reported this week, citing a vice-president of the state oil firm, Staatsolie. Continue Reading
Exports of Ecuador’s flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday. At least eight Continue Reading
