Brazil Breaks Oil Production Record
Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports , citing the country’s oil regulator, ANP. The daily average Continue Reading
Oil union in Argentina’s Vaca Muerta play calls off strike
Highlights Companies halt plans to fire workers Unions, producers to sit down for further talks Agreement comes as government seeks to improve investment conditions Buenos Aires — An oil union Continue Reading
Venezuela, Cuba vow to reinforce oil ties
Venezuela’s government is promising to replenish oil supply to its close political ally Cuba as part of a broad push to relaunch its PetroCaribe regional oil supply initiative. Senior Venezuelan Continue Reading
Trump administration increases pressure on Maduro regime with new sanctions
In the latest move meant to back Venezuelan opposition leader Juan Guaido , the Trump administration on Tuesday sanctioned more than a dozen aircraft used to support the regime of Continue Reading
This Emerging Oil Hotspot Threatens The OPEC Deal
A day before Christmas 2019 ExxonMobil and its partners have lifted the first commercial crude from the Liza field. In and of itself this might seem innocuous enough for us Continue Reading
U.S. Extends Chevron Venezuela Sanction Waiver
The United States Treasury Department granted Chevron another three-month sanction waiver to continue operating in Venezuela, Reuters reported Sunday, with the expiry date of this latest extension set for April Continue Reading
Pompeo says more U.S. action coming to support Venezuelan opposition leader
There will be more action by the United States to support Venezuelan opposition leader Juan Guaido, U.S. Secretary of State Mike Pompeo said on Monday, after meeting with Guaido on Continue Reading
Guyana Officially Becomes Oil Exporter
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first for the South American country. The first Continue Reading
Guaido rubbing elbows in surprise foreign trip
The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign to unseat President Nicolas Maduro. Guaido turned up Continue Reading
Striking Oil Ain’t What It Used to Be
An oil rig in Guanabara Bay, Brazil, June 2015 On January 7, the oil and gas companies Apache Corporation and Total SA announced a major oil find off the coast Continue Reading