Chevron has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration cracks down on money going to the government of Continue Reading
Argentina is considering setting a minimum oil reference price at $45/b for local production, as much as $9/b less than some producers had requested, in a bid to revive output Continue Reading
Petrobras has started shutting down production at 62 offshore platforms in the shallow waters off its coast, Reuters reported , adding that the cuts will amount to 23,000 bpd. Petrobras Continue Reading
With friends and family stuck indoors and buses rarely running, Onasis Muñoz missed several lifesaving dialysis sessions for his failing kidneys. When his blood pressure started to dangerously spike, he Continue Reading
Brazil has suspended its 17th licensing round which would have seen the state oil regulator ANP offering 128 offshore exploration blocks throughout the country, fearing that the plummeting oil prices Continue Reading
The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year. The remote, jungle-covered nation of Continue Reading
Brazil likely has 12 times more cases of new coronavirus than are being officially reported by the government, with too little testing and long waits to confirm the results, according Continue Reading
Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices. On Thursday, the regional news outlet in the Vaca Muerta, Rio Negro Continue Reading
Argentina’s state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta shale play this week due to tumbling fuel Continue Reading
The US Treasury Department Friday again extended for three months a waiver preventing creditors of Venezuela’s PDVSA from taking control of US refiner Citgo as a result of missed payments Continue Reading
