A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when Continue Reading
European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a report named them as major players in the trade Continue Reading
Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to prominence took Continue Reading
Active Rigs Fall to Zero in Two Oil Hotspots In the latest sign of the times, and what very well may be an indicator of things to come, two major Continue Reading
Venezuela is once again shuttering gas stations across the country as the chronic shortage of fuel deepens due to ailing refineries and crippling sanctions limiting imports into the country. State oil Continue Reading
O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a Continue Reading
Only two years ago analysts were hailing Argentina’s emerging shale oil boom, which many believed would be the next major petroleum frontier in Latin America. The vast Vaca Muerta, or Continue Reading
Venezuela no longer has any operational oil rigs after the last oilfield services firm that was still drilling for oil in the country holding the world’s largest crude oil reserves Continue Reading
Guyana’s electoral authorities declared opposition candidate Irfaan Ali president Sunday, ending a five-month constitutional crisis that threatened to turn the South American nation into an international pariah. The decision eases Continue Reading
U.S. defense contractor Huntington Ingalls Industries Inc has joined a long line of creditors seeking to enforce a judgment against heavily indebted OPEC member Venezuela, court documents filed on Friday Continue Reading
