Can Guyana Salvage Its Much-Hyped Oil Boom?
The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. A series of large offshore oil discoveries by Continue Reading
Is Argentina’s Shale Too Expensive To Drill?
It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that Continue Reading
Can Peru’s Oil Industry Survive This Crisis?
Indigenous protests have taken over Peru, threatening to undermine the Latin American nation’s burgeoning upstream industry. To many it would come as a surprise that Peru has any substantial amounts Continue Reading
Russia Is Winning The Battle For Venezuela’s Oil
In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines to obscurity. The Continue Reading
Venezuela Struggles To Restart Gasoline Production
Crisis- and sanctions-hit Venezuela is struggling with resuming gasoline production at its refineries, restarting and shutting various units again at some of its still operating refineries in recent weeks. Most Continue Reading
Venezuela’s Maduro Thanks Iran for Helping Oil Industry Overcome U.S. Sanctions
Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from Continue Reading
Venezuela President Nicolas Maduro Is Weighing Purchase of Iranian Missiles
Venezuelan President Nicolas Maduro said he was weighing the purchase of Iranian missiles, days after Colombian President Ivan Duque accused him of doing so. “It’s not a bad idea,” Maduro said Continue Reading
Trump administration to tap into frozen Venezuelan government funds to revive efforts to oust Maduro
The Trump administration is tapping into more than $300 million in frozen Venezuelan government funds in an effort to give new momentum to its elusive goal of ousting President Nicolás Continue Reading
Low Prices Put The Brakes On Peru’s Oil Ambitions
One country often ignored when considering Latin America’s regional hydrocarbon sector is the Latin American country of Peru. Over the last two decades, the Andean country has developed rapidly to Continue Reading
New Guyana Oil Rules Could Delay Exxon’s Developments
The new government in the world’s newest oil producer, Guyana, looks to raise the requirement for local content in employment and procurement of goods and services in the offshore oil Continue Reading